House Amendment 2072


PAG LIN




     1  1    Amend Senate File 601, as amended, passed, and
     1  2 reprinted by the Senate, as follows:
     1  3 #1.  Page 37, by inserting after line 19 the
     1  4 following:
     1  5    <Sec.    .  Section 12B.10, subsection 4, paragraph
     1  6 a, Code 2007, is amended by adding the following new
     1  7 subparagraph:
     1  8    NEW SUBPARAGRAPH.  (9)  Obligations of the Iowa
     1  9 finance authority issued pursuant to chapter 16,
     1 10 bearing interest at market rates, provided that at the
     1 11 time of purchase the Iowa finance authority has an
     1 12 issuer credit rating within the two highest
     1 13 classifications or the obligations to be purchased are
     1 14 rated within the two highest classifications, as
     1 15 established by at least one of the standard rating
     1 16 services approved by the superintendent of banking by
     1 17 rule adopted pursuant to chapter 17A.>
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     1 20                               
     1 21 THOMAS of Clayton
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     1 24                               
     1 25 HUNTER of Polk
     1 26 SF 601.520 82
     1 27 mg/je/10013
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