House Amendment 1527


PAG LIN




     1  1    Amend Senate File 457, as amended, passed, and
     1  2 reprinted by the Senate, as follows:
     1  3 #1.  Page 1, by striking lines 19 through 23 and
     1  4 inserting the following:  <proceedings were conducted
     1  5 or actions were taken.>
     1  6 #2.  Page 4, by striking lines 29 and 30 and
     1  7 inserting the following:  <emergency or the president
     1  8 of the United States has declared a major disaster.
     1  9 Bonds issued pursuant to section 331.443 for the
     1 10 purposes specified in this subparagraph shall be
     1 11 issued not later than ten years after the governor has
     1 12 proclaimed a disaster emergency or the president of
     1 13 the United States has declared a major disaster,
     1 14 whichever is later.>
     1 15 #3.  Page 5, by striking lines 1 and 2 and
     1 16 inserting the following:  <proclaimed a disaster
     1 17 emergency or the president of the United States has
     1 18 declared a major disaster.  Bonds issued pursuant to
     1 19 section 331.443 for the purposes specified in this
     1 20 subparagraph shall be issued not later than ten years
     1 21 after the governor has proclaimed a disaster emergency
     1 22 or the president of the United States has declared a
     1 23 major disaster, whichever is later.>
     1 24 #4.  Page 5, by inserting before line 3 the
     1 25 following:
     1 26    <Sec.    .  Section 331.443, Code 2009, is amended
     1 27 by adding the following new subsection:
     1 28    NEW SUBSECTION.  3.  a.  Notwithstanding subsection
     1 29 2, a board may institute proceedings for the issuance
     1 30 of bonds for an essential county purpose specified in
     1 31 section 331.441, subsection 2, paragraph "b",
     1 32 subparagraph (18) or (19), in an amount equal to or
     1 33 greater than three million dollars by causing a notice
     1 34 of the proposal to issue the bonds, including a
     1 35 statement of the amount and purpose of the bonds,
     1 36 together with the maximum rate of interest which the
     1 37 bonds are to bear, and the right to petition for an
     1 38 election, to be published at least once in a newspaper
     1 39 of general circulation within the county at least ten
     1 40 days prior to the meeting at which it is proposed to
     1 41 take action for the issuance of the bonds.
     1 42    b.  If at any time before the date fixed for taking
     1 43 action for the issuance of the bonds, a petition is
     1 44 filed with the county auditor signed by eligible
     1 45 electors of the county equal in number to twenty
     1 46 percent of the persons in the county who voted for the
     1 47 office of president of the United States at the last
     1 48 preceding general election that had such office on the
     1 49 ballot, asking that the question of issuing the bonds
     1 50 be submitted to the registered voters of the county,
     2  1 the board shall either by resolution declare the
     2  2 proposal to issue the bonds to have been abandoned or
     2  3 shall direct the county commissioner of elections to
     2  4 call a special election upon the question of issuing
     2  5 the bonds.  Notice of the election and its conduct
     2  6 shall be in the manner provided in section 331.442.
     2  7    c.  If a petition is not filed, or if a petition is
     2  8 filed and the proposition of issuing the bonds is
     2  9 approved at an election, the board may proceed with
     2 10 the authorization and issuance of the bonds.>
     2 11 #5.  Page 5, by striking line 24 and inserting the
     2 12 following:  <or the president of the United States has
     2 13 declared a major disaster.  Bonds issued pursuant to
     2 14 section 384.25 for the purposes specified in this
     2 15 paragraph shall be issued not later than ten years
     2 16 after the governor has proclaimed a disaster emergency
     2 17 or the president of the United States has declared a
     2 18 major disaster, whichever is later.>
     2 19 #6.  Page 5, by striking lines 30 and 31 and
     2 20 inserting the following:  <a disaster emergency or the
     2 21 president of the United States has declared a major
     2 22 disaster.  Bonds issued pursuant to section 384.25 for
     2 23 the purposes specified in this paragraph shall be
     2 24 issued not later than ten years after the governor has
     2 25 proclaimed a disaster emergency or the president of
     2 26 the United States has declared a major disaster,
     2 27 whichever is later.>
     2 28 #7.  Page 6, by inserting after line 7 the
     2 29 following:
     2 30    <Sec.    .  Section 384.25, Code 2009, is amended
     2 31 by adding the following new subsection:
     2 32    NEW SUBSECTION.  3.  a.  Notwithstanding subsection
     2 33 2, a council may institute proceedings for the
     2 34 issuance of bonds for an essential corporate purpose
     2 35 specified in section 384.24, subsection 3, paragraph
     2 36 "w" or "x", in an amount equal to or greater than
     2 37 three million dollars by causing a notice of the
     2 38 proposal to issue the bonds, including a statement of
     2 39 the amount and purpose of the bonds, together with the
     2 40 maximum rate of interest which the bonds are to bear,
     2 41 and the right to petition for an election, to be
     2 42 published at least once in a newspaper of general
     2 43 circulation within the city at least ten days prior to
     2 44 the meeting at which it is proposed to take action for
     2 45 the issuance of the bonds.
     2 46    b.  If at any time before the date fixed for taking
     2 47 action for the issuance of the bonds, a petition is
     2 48 filed with the clerk of the city signed by eligible
     2 49 electors of the city equal in number to twenty percent
     2 50 of the persons in the city who voted for the office of
     3  1 president of the United States at the last preceding
     3  2 general election that had such office on the ballot,
     3  3 asking that the question of issuing the bonds be
     3  4 submitted to the registered voters of the city, the
     3  5 council shall either by resolution declare the
     3  6 proposal to issue the bonds to have been abandoned or
     3  7 shall direct the county commissioner of elections to
     3  8 call a special election upon the question of issuing
     3  9 the bonds.  Notice of the election and its conduct
     3 10 shall be in the manner provided in section 384.26.
     3 11    c.  If a petition is not filed, or if a petition is
     3 12 filed and the proposition of issuing the bonds is
     3 13 approved at an election, the council may proceed with
     3 14 the authorization and issuance of the bonds.>
     3 15 #8.  Page 12, by striking lines 9 through 20.
     3 16 #9.  By renumbering as necessary.
     3 17
     3 18
     3 19                               
     3 20 T. OLSON of Linn
     3 21
     3 22
     3 23                               
     3 24 HELLAND of Polk
     3 25
     3 26
     3 27                               
     3 28 WAGNER of Linn
     3 29
     3 30
     3 31                               
     3 32 WINDSCHITL of Harrison
     3 33
     3 34
     3 35                               
     3 36 GRASSLEY of Butler
     3 37 SF 457.502 83
     3 38 md/sc/23910

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