Senate File 569 S-3161 Amend Senate File 569 as follows: 1 1. Page 8, after line 14 by inserting: 2 < Sec. ___. Section 331.442, subsection 5, paragraph a, 3 unnumbered paragraph 1, Code 2023, is amended to read as 4 follows: 5 Notwithstanding subsection 2 , a board, in lieu of calling 6 an election, may institute proceedings for the issuance of 7 bonds for a general county purpose by causing a notice of the 8 proposal to issue the bonds, including a statement of the 9 amount and purpose of the bonds, and the right to petition for 10 an election, to be published as provided in section 331.305 at 11 least ten days prior to the meeting at which it is proposed 12 to take action for the issuance of the bonds subject to the 13 following population-based limitations , adjusted and published 14 annually in January by the department of management by applying 15 the percentage change in the consumer price index for all 16 urban consumers for the most recent available twelve-month 17 period published in the federal register by the United States 18 department of labor, bureau of labor statistics : > 19 2. Page 8, after line 26 by inserting: 20 < Sec. ___. Section 331.442, subsection 5, Code 2023, is 21 amended by adding the following new paragraph: 22 NEW PARAGRAPH . 0b. Each county’s population used to 23 determine the limitations of paragraph “a” shall be determined 24 by the greater of the county’s population during the most 25 recent federal decennial census or the most recent population 26 estimate produced by the United States census bureau. > 27 3. Page 9, after line 23 by inserting: 28 < Sec. ___. Section 8.6, Code 2023, is amended by adding the 29 following new subsection: 30 NEW SUBSECTION . 17. County and city bond issuance. To 31 annually prepare and file with the general assembly by December 32 1 a report specifying the updated population thresholds as 33 adjusted under section 331.442, subsection 5, and section 34 384.26, subsection 5, and detailing the use of the bond 35 -1- SF 569.1875 (2) 90 md/jh 1/ 3 #1. #2. #3.
issuance procedures under section 331.442, subsection 5, and 1 section 384.26, subsection 5, including the usage of such 2 procedures by counties and cities based on the population-based 3 limitations and the amount of bonds issued for each such 4 usage. > 5 4. Page 20, after line 14 by inserting: 6 < Sec. ___. Section 384.26, subsection 5, paragraph a, 7 unnumbered paragraph 1, Code 2023, is amended to read as 8 follows: 9 Notwithstanding the provisions of subsection 2 , a council 10 may, in lieu of calling an election, institute proceedings 11 for the issuance of bonds for a general corporate purpose by 12 causing a notice of the proposal to issue the bonds, including 13 a statement of the amount and purpose of the bonds, together 14 with the maximum rate of interest which the bonds are to bear, 15 and the right to petition for an election, to be published at 16 least once in a newspaper of general circulation within the 17 city at least ten days prior to the meeting at which it is 18 proposed to take action for the issuance of the bonds subject 19 to the following population-based limitations , adjusted and 20 published annually in January by the department of management 21 by applying the percentage change in the consumer price 22 index for all urban consumers for the most recent available 23 twelve-month period published in the federal register by the 24 United States department of labor, bureau of labor statistics : > 25 5. Page 20, after line 26 by inserting: 26 < Sec. ___. Section 384.26, subsection 5, Code 2023, is 27 amended by adding the following new paragraph: 28 NEW PARAGRAPH . 0b. Each city’s population used to determine 29 the limitations of paragraph “a” shall be determined by the 30 greater of the city's population during the most recent 31 federal decennial census or the most recent population estimate 32 produced by the United States census bureau. > 33 6. By renumbering as necessary. 34 -2- SF 569.1875 (2) 90 md/jh 2/ 3 #4. #5.
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