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 -1-