Senate
File
493
-
Enrolled
Senate
File
493
AN
ACT
RELATING
TO
THE
AUTHORITY
OF
COMBINED
BENEFITED
RECREATIONAL
LAKE
AND
WATER
QUALITY
DISTRICTS
WHEN
ISSUING
BONDS.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
357E.11A,
subsections
2
and
3,
Code
2017,
are
amended
to
read
as
follows:
2.
A
combined
district
shall
have
the
same
powers
to
issue
bonds
,
including
both
general
obligation
and
revenue
bonds,
that
cities
have
under
the
laws
of
this
state,
including
but
not
limited
to
chapter
76
,
section
384.4
,
and
sections
384.23
through
384.94
.
The
bonds
shall
be
made
payable
at
the
place
and
be
of
the
form
as
the
board
of
trustees
shall
by
resolution
designate.
In
the
application
of
the
laws
to
this
section
,
the
words
used
in
the
laws
referring
to
municipal
corporations
or
to
cities
shall
be
held
to
include
combined
districts
organized
under
this
chapter
;
the
words
“council”
or
“city
council”
shall
be
held
to
include
the
board
of
trustees
of
a
combined
district;
the
words
“mayor”
and
“clerk”
shall
be
held
to
include
the
president
and
clerk
of
a
board
of
trustees;
and
like
construction
shall
be
given
to
any
other
words
in
the
laws
where
required
to
permit
the
exercise
of
the
powers
by
combined
districts
under
this
section
.
3.
An
Except
for
the
issuance
of
refunding
bonds,
an
indebtedness
shall
not
be
incurred
under
this
section
until
authorized
by
an
election.
The
election
shall
be
held
and
notice
given
in
the
same
manner
as
provided
in
section
357E.8
,
Senate
File
493,
p.
2
except
that
a
proposition
to
authorize
indebtedness
is
approved
if
sixty
percent
of
those
voting
on
the
proposition
vote
in
favor
of
the
proposition.
A
proposition
for
the
authorization
of
indebtedness
may
be
submitted
to
the
voters
at
the
same
election
as
the
election
under
section
357E.8
.
______________________________
JACK
WHITVER
President
of
the
Senate
______________________________
LINDA
UPMEYER
Speaker
of
the
House
I
hereby
certify
that
this
bill
originated
in
the
Senate
and
is
known
as
Senate
File
493,
Eighty-seventh
General
Assembly.
______________________________
W.
CHARLES
SMITHSON
Secretary
of
the
Senate
Approved
_______________,
2017
______________________________
TERRY
E.
BRANSTAD
Governor