House
File
586
-
Enrolled
House
File
586
AN
ACT
RELATING
TO
FINANCIAL
MATTERS,
INCLUDING
MECHANIC’S
LIENS,
AND
THE
IOWA
FINANCE
AUTHORITY
BY
ESTABLISHING
A
RENT
SUBSIDY
PROGRAM,
MODIFYING
SHELTER
ASSISTANCE
FUND
GRANT
AWARD
REQUIREMENTS,
AND
REVISING
FILING
REQUIREMENTS
FOR
CERTAIN
BONDS
AND
NOTES
ISSUED
BY
THE
AUTHORITY.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
16.26,
subsection
7,
Code
2017,
is
amended
by
striking
the
subsection
and
inserting
in
lieu
thereof
the
following:
7.
A
pledge
made
in
respect
of
bonds
or
notes
shall
be
valid
and
binding
from
the
time
the
pledge
is
made.
The
moneys
or
property
so
pledged
and
received
after
the
pledge
by
the
authority
shall
immediately
be
subject
to
the
lien
of
the
pledge
without
physical
delivery
or
further
act.
The
lien
of
the
pledge
shall
be
valid
and
binding
as
against
all
parties
House
File
586,
p.
2
having
claims
of
any
kind
in
tort,
contract,
or
otherwise
against
the
authority
whether
or
not
the
parties
have
notice
of
the
lien.
Neither
the
resolution,
trust
agreement,
nor
any
other
instrument
by
which
a
pledge
is
created
needs
to
be
recorded
or
filed
under
the
Iowa
uniform
commercial
code,
chapter
554,
to
be
valid,
binding,
or
effective
against
the
parties.
Sec.
2.
Section
16.41,
subsection
2,
Code
2017,
is
amended
to
read
as
follows:
2.
The
authority
shall
award
grants
annually
to
qualified
applicants
on
a
competitive
basis.
The
authority
shall
establish
application
procedures,
requirements,
priorities,
and
maximum
and
minimum
grant
award
amounts
for
each
annual
grant
competition.
Sec.
3.
NEW
SECTION
.
16.55
Home
and
community-based
services
rent
subsidy
program.
The
authority
shall
establish
and
administer
a
home
and
community-based
services
rent
subsidy
program.
Under
the
program,
the
authority
shall
provide
rent
subsidies
to
those
persons
who
are
approved
participants
under
a
home
and
community-based
services
Medicaid
waiver,
and
to
those
individuals
who
are
approved
participants
in
the
federal
money
follows
the
person
grant
program
under
the
medical
assistance
program.
If
the
authority
utilizes
a
waiting
list
for
purposes
of
the
program,
the
authority
shall
give
priority
to
a
person
participating
in
the
state’s
money
follows
the
person
partnership
for
community
integration
project
who
has
been
assigned
to
work
with
a
transition
specialist.
Sec.
4.
Section
572.13A,
subsection
1,
unnumbered
paragraph
1,
Code
2017,
is
amended
to
read
as
follows:
A
Either
a
general
contractor
,
or
an
owner-builder
who
has
contracted
or
will
contract
with
a
subcontractor
to
provide
labor
or
furnish
material
for
the
property
,
shall
post
a
notice
of
commencement
of
work
to
the
mechanics’
notice
and
lien
registry
internet
site
no
later
than
ten
days
after
the
commencement
of
work
on
the
property.
A
notice
of
commencement
of
work
is
effective
only
as
to
any
labor,
service,
equipment,
or
material
furnished
to
the
property
subsequent
to
the
House
File
586,
p.
3
posting
of
the
notice
of
commencement
of
work.
A
notice
of
commencement
of
work
shall
include
all
of
the
following
information:
______________________________
LINDA
UPMEYER
Speaker
of
the
House
______________________________
JACK
WHITVER
President
of
the
Senate
I
hereby
certify
that
this
bill
originated
in
the
House
and
is
known
as
House
File
586,
Eighty-seventh
General
Assembly.
______________________________
CARMINE
BOAL
Chief
Clerk
of
the
House
Approved
_______________,
2017
______________________________
TERRY
E.
BRANSTAD
Governor