House
File
564
H-1191
Amend
House
File
564
as
follows:
1
1.
Page
8,
after
line
14
by
inserting:
2
<
DIVISION
___
3
ENERGY
MANAGEMENT
IMPROVEMENTS
4
Sec.
___.
Section
273.3,
Code
2017,
is
amended
by
5
adding
the
following
new
subsection:
6
NEW
SUBSECTION
.
20A.
Be
authorized
to
implement
an
7
energy
management
improvement
as
provided
in
section
8
279.48A.
9
Sec.
___.
Section
279.48,
subsection
2,
Code
2017,
10
is
amended
to
read
as
follows:
11
2.
The
total
of
scheduled
annual
payments
of
12
principal
or
interest
due
and
payable
from
current
13
budgeted
receipts
or
future
budgeted
receipts
with
14
respect
to
all
loan
agreements
authorized
under
this
15
section
,
section
279.48A,
or
section
285.10,
subsection
16
7
,
paragraph
“b”
,
must
not
exceed
ten
percent
of
the
17
last
authorized
budget
of
the
school
corporation.
18
Sec.
___.
NEW
SECTION
.
279.48A
Energy
management
19
improvements
——
implementation.
20
1.
The
board
of
directors
of
a
school
corporation
21
may
implement
an
energy
management
improvement,
as
22
defined
in
section
473.19
and
identified
in
an
energy
23
analysis
done
in
conjunction
with
a
municipal
utility,
24
and
may
negotiate
and
enter
into
a
loan
agreement
25
and
issue
a
note
to
pay
for
the
energy
management
26
improvement,
subject
to
the
following
terms
and
27
procedures:
28
a.
The
note
must
mature
within
ten
years,
or
the
29
useful
life
of
the
energy
management
improvement,
30
whichever
is
less.
31
b.
The
note
may
bear
interest
at
a
rate
to
be
32
determined
by
the
board
of
directors
in
the
manner
33
provided
in
section
74A.3,
subsection
1,
paragraph
“a”
.
34
Chapter
75
is
not
applicable.
35
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#1.
c.
The
board
of
directors
shall
provide
for
the
1
form
of
the
agreement
and
note.
2
d.
Principal
and
interest
on
the
note
may
be
3
payable
from
available
funds
as
provided
in
section
4
298A.2,
298A.4,
298A.9,
or
298A.10,
or
available
5
revenues
as
provided
in
chapter
423F,
for
each
year
of
6
a
period
of
up
to
ten
years.
7
2.
The
total
of
scheduled
annual
payments
of
8
principal
or
interest
due
and
payable
from
current
9
budgeted
receipts
or
future
budgeted
receipts
with
10
respect
to
all
loan
agreements
authorized
under
this
11
section,
section
279.48,
or
section
285.10,
subsection
12
7,
paragraph
“b”
,
must
not
exceed
ten
percent
of
the
13
last
authorized
budget
of
the
school
corporation.
14
3.
Before
entering
into
a
loan
agreement
for
an
15
energy
management
improvement,
the
school
corporation
16
must
publish
a
notice,
including
a
statement
of
the
17
amount
and
purpose
of
the
agreement,
at
least
once
in
18
a
newspaper
of
general
circulation
within
the
school
19
corporation
at
least
ten
days
before
the
meeting
at
20
which
the
loan
agreement
is
to
be
approved.
21
4.
This
section
shall
not
preclude
a
school
22
corporation
from
obtaining
a
loan,
lease,
or
other
23
method
of
alternative
financing
under
the
energy
loan
24
program
created
in
section
479.19
to
implement
energy
25
management
improvements
or
energy
analyses
in
addition
26
to
entering
into
a
loan
agreement
as
provided
in
this
27
section.
28
Sec.
___.
Section
279.53,
Code
2017,
is
amended
to
29
read
as
follows:
30
279.53
Loan
proceeds.
31
The
proceeds
of
loans
issued
to
school
districts
32
pursuant
to
section
279.48
,
279.48A,
279.52
,
or
473.20
33
shall
be
deposited
into
either
the
general
fund
of
a
34
school
district
or
the
physical
plant
and
equipment
35
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levy
fund.
The
board
of
directors
shall
expend
the
1
amount
of
the
principal
and
interest
due
each
year
2
to
maturity
from
the
same
fund
into
which
the
loan
3
proceeds
were
deposited.
>
4
2.
By
renumbering
as
necessary.
5
______________________________
NIELSEN
of
Johnson
-3-
HF564.1412
(1)
87
gh/jh
3/
3
#2.