Senate Amendment 3158
PAG LIN
1 1 Amend Senate File 393 as follows:
1 2 #1. By striking everything after the enacting
1 3 clause, and inserting the following:
1 4 <Section 1. Section 7E.7, Code 2003, subsection 2,
1 5 is amended by striking the subsection.
1 6 Sec. 2. Section 175.3, subsection 1, Code 2003, is
1 7 amended to read as follows:
1 8 1. a. The agricultural development authority is
1 9 established within the department of agriculture and
1 10 land stewardship. The authority is constituted a
1 11 public instrumentality and agency of the state
1 12 exercising public and essential governmental
1 13 functions.
1 14 b. The authority is established to undertake
1 15 programs which assist beginning farmers in purchasing
1 16 agricultural land and agricultural improvements and
1 17 depreciable agricultural property for the purpose of
1 18 farming, and programs which provide financing to
1 19 farmers for permanent soil and water conservation
1 20 practices on agricultural land within the state or for
1 21 the acquisition of conservation farm equipment, and
1 22 programs to assist farmers within the state in
1 23 financing operating expenses and cash flow
1 24 requirements of farming. The authority shall also
1 25 develop programs to assist qualified agricultural
1 26 producers within the state with financing other
1 27 capital requirements or operating expenses.
1 28 c. The powers of the authority are vested in and
1 29 exercised by a board of eleven members with nine
1 30 members appointed by the governor subject to
1 31 confirmation by the senate. The treasurer of state or
1 32 the treasurer's designee and the secretary of
1 33 agriculture or the secretary's designee are shall
1 34 serve as an ex officio nonvoting members member. No
1 35 more than five appointed members shall belong to the
1 36 same political party. As far as possible the governor
1 37 shall include within the membership persons who
1 38 represent financial institutions experienced in
1 39 agricultural lending, the real estate sales industry,
1 40 farmers, beginning farmers, average taxpayers, local
1 41 government, soil and water conservation district
1 42 officials, agricultural educators, and other persons
1 43 specially interested in family farm development.
1 44 Sec. 3. Section 175.7, subsection 1, Code 2003, is
1 45 amended to read as follows:
1 46 1. The executive director of the authority shall
1 47 be appointed by a selection and tenure committee,
1 48 which shall consist of the secretary of agriculture
1 49 and the chairperson and of the board, the vice
1 50 chairperson of the board, established pursuant to
2 1 section 175.3 and one member elected by the board, or
2 2 their designees. The executive director shall serve
2 3 at the pleasure of the committee board. The votes of
2 4 three members of the committee are necessary for any
2 5 substantive action taken by the committee, except that
2 6 two members may take a substantive action, if the
2 7 secretary has a conflict of interest. If a member
2 8 other than the secretary has a conflict of interest,
2 9 the board shall appoint a substitute member of the
2 10 committee from the appointed members of the board for
2 11 the duration of the conflict of interest. The
2 12 executive director shall be selected primarily for
2 13 administrative ability and knowledge in the field,
2 14 without regard to political affiliation.>
2 15
2 16
2 17
2 18 E. THURMAN GASKILL
2 19 SF 393.501 80
2 20 da/pj
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