House Journal: Page 1232: Tuesday, April 22, 2003
34 Sec. . Section 15E.209, subsection 3, Code
35 2003, is amended to read as follows:
36 3. A An Iowa agricultural industry finance
37 corporation shall not provide financing to support an
38 outstanding debt or other obligation, regardless of
39 whether the original financing was provided by a
40 corporation.
41 4. a. An Iowa agricultural industry finance
42 corporation that receives an Iowa agricultural
43 industry finance loan shall invest at least fifty
44 percent of all of its moneys to finance an Iowa
45 agricultural industry venture involving processing.
46 b. An Iowa agricultural industry finance
47 corporation that receives an Iowa agricultural
48 industry finance loan shall not invest more than fifty
49 percent of all of its moneys in a business which
50 produces or studies the production of an article
Page 2
1 derived from a biotechnological system or technique.
2 An Iowa agricultural industry finance corporation's
3 moneys include moneys that originate from an Iowa
4 agricultural industry finance loan or any another
5 source. The investment referred to in paragraph "a"
6 may be in the form of financing as provided in this
7 section or may be the acquisition of an equity
8 interest in a business."
Roll call was requested by Myers of Johnson and Kuhn of Floyd.
Rule 75 was invoked.
On the question "Shall amendment H-1280 be adopted?" (H.F. 358)
The ayes were, 49:
|
Bell | Berry | Bukta | Cohoon |
|
Connors | Dandekar | Davitt | De Boef |
|
Fallon | Foege | Ford | Frevert |
|
Gaskill | Greimann | Heddens | Hogg |
|
Hunter | Huser | Jochum | Kuhn |
|
Lensing | Lykam | Mascher | McCarthy |
|
Mertz | Miller | Murphy | Myers |
|
Oldson | Olson, D. | Olson, S. | Osterhaus |
|
Petersen | Quirk | Rayhons | Reasoner |
|
Shoultz | Smith | Stevens | Struyk |
|
Swaim | Taylor, D. | Taylor, T. | Thomas |
|
Wendt | Whitaker | Whitead | Winckler |
|
Wise |
|
|
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