Text: SF02237 Text: SF02239 Text: SF02200 - SF02299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 331.605C, subsections 2, 3, and 4, Code 1 2 Supplement 2003, are amended to read as follows: 1 3 2. Beginning July 1, 2004, the recorder shall collect a 1 4 fee of one dollar for each recorded transaction, regardless of 1 5 the number of pages, for which a fee is paid pursuant to 1 6 section 331.604 to be used for the purposeof paying the1 7county's ongoing costs of maintaining the systems developed1 8and implemented underset forth in subsection14. 1 9 3. The county treasurer, on behalf of the recorder, shall 1 10 establish and maintainan interest-bearing accounta county 1 11 recorder's electronic transaction fund into which all moneys 1 12 collected pursuant to subsections 1 and 2 shall be deposited. 1 13 Interest earned on moneys deposited in this fund shall be 1 14 computed based on the average monthly balance in the fund and 1 15 shall be credited to the county recorder's electronic 1 16 transaction fund. 1 17 4. The localelectronicgovernment electronic transaction 1 18 fund is established in the office of the treasurer of state 1 19 under the control of the treasurer of state. Moneys deposited 1 20 into the fund are not subject to section 8.33. 1 21 Notwithstanding section 12C.7, interest or earnings on moneys 1 22 in the localelectronicgovernment electronic transaction fund 1 23 shall be credited to the fund. Moneys in the localelectronic1 24 government electronic transaction fund are not subject to 1 25 transfer, appropriation, or reversion to any other fund, or 1 26 any other use except as provided in this subsection.The1 27treasurer of state shall enter into a contract with the Iowa1 28state association of counties affiliate representing county1 29recorders to hold the fund for the development,1 30implementation, and maintenance of a statewide internet1 31website for purposes of providing electronic access to records1 32and information recorded or filed by county recorders.On a 1 33 monthly basis, the county treasurer shall payone dollar of1 34 each fee collected pursuant to subsection12 to the treasurer 1 35 of state for deposit into the localelectronicgovernment 2 1 electronic transaction fund. Moneys credited to the local 2 2electronicgovernment electronic transaction fund are 2 3 appropriated to the treasurer of state to be used forcontract2 4coststhe purpose of paying the ongoing costs of maintaining 2 5 the statewide internet website developed and implemented under 2 6 subsection 1.This subsection is repealed June 30, 2004.2 7 Sec. 2. Section 331.605C, subsection 5, Code Supplement 2 8 2003, is amended by striking the subsection. 2 9 Sec. 3. EFFECTIVE DATE. This Act, being deemed of 2 10 immediate importance, takes effect upon enactment. 2 11 EXPLANATION 2 12 This bill amends Code section 331.605C, relating to the 2 13 deposit and use of certain fees collected by county recorders 2 14 for each recorded transaction for the purpose of planning and 2 15 implementing electronic recording and electronic transactions 2 16 in each county and developing county and statewide internet 2 17 websites to provide electronic access to records and 2 18 information. 2 19 Code section 331.605C currently provides that beginning on 2 20 July 1, 2003, and continuing until June 30, 2004, a county 2 21 recorder shall collect a $5 fee for each recorded transaction 2 22 for which a fee is paid pursuant to Code section 331.604 that 2 23 shall then be placed in an account established and maintained 2 24 by the county treasurer. On a monthly basis, the county 2 25 treasurer is to pay $1 of each $5 collected to the treasurer 2 26 of state for deposit into a fund designated the local 2 27 electronic government transaction fund, to be used for 2 28 contract costs associated with a contract the treasurer of 2 29 state is required to enter into with the Iowa state 2 30 association of counties affiliate representing county 2 31 recorders, to fund the development, implementation, and 2 32 maintenance of a statewide internet website for purposes of 2 33 providing electronic access to records and information 2 34 recorded or filed by county recorders. Currently, the 2 35 provisions relating to the local electronic government 3 1 transaction fund and the contract are to be repealed June 30, 3 2 2004. On a quarterly basis, the county treasurer is to pay 3 3 the remaining $4 of each $5 fee collected to the treasurer of 3 4 state for deposit into a fund designated the pooled local 3 5 government electronic transaction fund. Moneys credited to 3 6 this fund are appropriated to the treasurer of state to be 3 7 distributed equally to all counties to be deposited into an 3 8 account used by the county recorder for planning and 3 9 implementing electronic recording and electronic transactions, 3 10 and developing county and statewide internet websites to 3 11 provide electronic access to records and information. The $5 3 12 fee will not be collected after June 30, 2004, and therefore 3 13 these contributions to the pooled local government electronic 3 14 transaction fund will also cease on that date. 3 15 Currently, Code section 331.605C also provides that, 3 16 beginning on July 1, 2004, a county recorder shall collect a 3 17 fee of $1 for each recorded transaction for which a fee is 3 18 paid pursuant to Code section 331.604. The county treasurer 3 19 is required, on a quarterly basis, to pay the $1 fee collected 3 20 to the treasurer of state for deposit into the pooled local 3 21 government electronic transaction fund, to be distributed 3 22 equally to all counties and deposited by the county into the 3 23 account established and maintained for the purpose of paying 3 24 the county's ongoing costs of maintaining the systems 3 25 developed and implemented for electronic recording and 3 26 electronic transactions and for county and statewide internet 3 27 websites providing access to records and information. 3 28 The bill provides that the county treasurer shall establish 3 29 a county recorder's electronic transaction fund, instead of an 3 30 account, on behalf of the county recorder for the deposit of 3 31 the $1 fee collected pursuant to Code section 331.605C for 3 32 each recorded transaction and that the interest earned on 3 33 moneys deposited in this fund shall be computed based on the 3 34 average monthly balance in the fund and shall be credited to 3 35 the county recorder's electronic transaction fund. 4 1 The bill also provides that the $1 fee collected by the 4 2 county recorder after July 1, 2004, shall be paid to the 4 3 treasurer of state for deposit into the local government 4 4 electronic transaction fund rather than the pooled local 4 5 government electronic transaction fund, to be used by the 4 6 treasurer of state to pay the ongoing costs of maintaining the 4 7 statewide internet website developed and implemented during 4 8 fiscal year 2003-2004. 4 9 The bill strikes provisions referring to the contract 4 10 between the treasurer of state and the Iowa state association 4 11 of counties affiliate and provisions relating to the pooled 4 12 local government electronic transaction fund. The bill also 4 13 provides that the "local electronic government transaction 4 14 fund" maintained by the treasurer of state shall be known as 4 15 the "local government electronic transaction fund". 4 16 LSB 5909SV 80 4 17 av/gg/14
Text: SF02237 Text: SF02239 Text: SF02200 - SF02299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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