Senate Amendment 3184 PAG LIN 1 1 Amend the amendment, S=3175, to Senate File 465, as 1 2 follows: 1 3 #1. Page 2, line 45, by inserting after the word 1 4 <e.> the following: <(1) The county treasurer, on 1 5 behalf of the recorder, shall establish and maintain a 1 6 county recorder's redaction fund into which all moneys 1 7 collected pursuant to section 331.606B, subsection 7, 1 8 shall be deposited. Interest earned on moneys 1 9 deposited in this fund shall be computed based on the 1 10 average monthly balance in the fund and shall be 1 11 credited to the county recorder's redaction fund. 1 12 (2) The local government redaction fund is 1 13 established in the office of the treasurer of state 1 14 under the control of the treasurer of state. Moneys 1 15 deposited into the fund are not subject to section 1 16 8.33. Notwithstanding section 12C.7, interest or 1 17 earnings on moneys in the local government redaction 1 18 fund shall be credited to the fund. Moneys in the 1 19 local government redaction fund are not subject to 1 20 transfer, appropriation, or reversion to any other 1 21 fund, or any other use except as provided in this 1 22 subparagraph. On a monthly basis, the county 1 23 treasurer shall pay the fees deposited into the county 1 24 recorder's redaction fund to the treasurer of state 1 25 for deposit into the local government redaction fund. 1 26 Moneys credited to the local government redaction fund 1 27 are appropriated to the treasurer of state for the 1 28 payment of claims approved by the governing board of 1 29 the county land record information system. 1 30 Expenditures from the fund shall be used for the 1 31 purpose specified in paragraph "b", subparagraph (2), 1 32 subparagraph division (d), and may be combined with 1 33 expenditures made from the local government electronic 1 34 transaction fund for that purpose. 1 35 f.> 1 36 #2. Page 2, line 48, by inserting after the word 1 37 <subsection> the following: <or under section 1 38 331.606B, subsection 7>. 1 39 #3. Page 3, by inserting after line 2 the 1 40 following: 1 41 <# . Page 7, by striking lines 5 through 9 and 1 42 inserting the following: 1 43 <Sec. . Section 331.606B, subsection 1, 1 44 unnumbered paragraph 1, Code 2009, is amended to read 1 45 as follows: 1 46 Except as otherwise provided insubsection1 47 subsections 6 and 7, the county recorder shall refuse 1 48 any document or instrument presented for recording 1 49 that does not meet the following requirements: 1 50 Sec. . Section 331.606B, Code 2009, is amended 2 1 by adding the following new subsection: 2 2 NEW SUBSECTION. 7. a. On or after July 1, 2009, 2 3 a document or instrument that does not conform to the 2 4 requirements of section 331.606A, subsection 2, shall 2 5 not be accepted for recording except upon payment of 2 6 an additional recording fee of one hundred dollars per 2 7 document or instrument. The requirement applies only 2 8 to documents or instruments dated on or after July 1, 2 9 2009, and does not apply to those documents or 2 10 instruments specifically exempted under subsection 4. 2 11 b. Additional recording fees collected under 2 12 paragraph "a" shall be deposited in the county 2 13 recorder's redaction fund established in section 2 14 331.604, subsection 3, paragraph "e".>> 2 15 #4. By renumbering as necessary. 2 16 2 17 2 18 2 19 MATT McCOY 2 20 SF 465.301 83 2 21 md/sc/23320 -1-