Senate File 2176 - Introduced
SENATE FILE
BY BOLKCOM
Passed Senate, Date Passed House, Date
Vote: Ayes Nays Vote: Ayes Nays
Approved
A BILL FOR
1 An Act relating to the administrative duties of the state board
2 of regents and providing a premium tax exemption for regents'
3 employee insurance policies.
4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
5 TLSB 5873XS 81
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PAG LIN
1 1 Section 1. Section 15H.3, subsection 1, paragraph e, Code
1 2 Supplement 2005, is amended to read as follows:
1 3 e. The executive secretary director of the state board of
1 4 regents, or the executive secretary's director's designee.
1 5 Sec. 2. Section 91A.3, subsection 3, Code Supplement 2005,
1 6 is amended by adding the following new unnumbered paragraph:
1 7 NEW UNNUMBERED PARAGRAPH. The state board of regents and
1 8 institutions under its jurisdiction may require, as a
1 9 condition of employment, an employee to sign up for direct
1 10 deposit of the employee's wage in a financial institution of
1 11 the employee's choice.
1 12 Sec. 3. Section 262.7, subsection 1, Code 2005, is amended
1 13 to read as follows:
1 14 1. The state university of Iowa, including the university
1 15 of Iowa hospitals and clinics.
1 16 Sec. 4. Section 262.8, Code 2005, is amended to read as
1 17 follows:
1 18 262.8 MEETINGS.
1 19 The board shall meet four times a year. Special meetings
1 20 may be called by the board, by the president of the board, or
1 21 by the secretary executive director of the board upon written
1 22 request of any five members thereof.
1 23 Sec. 5. Section 262.11, Code 2005, is amended to read as
1 24 follows:
1 25 262.11 RECORD == ACTS AFFECTING PROPERTY.
1 26 All acts of the board relating to the management, purchase,
1 27 disposition, or use of lands and other property of said
1 28 institutions shall be entered of record, which shall show the
1 29 members present, and how each voted upon each proposition.
1 30 The board may, in its discretion, delegate to each university
1 31 the authority to approve leases.
1 32 Sec. 6. Section 262.34A, Code 2005, is amended to read as
1 33 follows:
1 34 262.34A BID REQUESTS AND TARGETED SMALL BUSINESS
1 35 PROCUREMENT.
2 1 1. The state board of regents shall request bids and
2 2 proposals for materials, products, supplies, provisions, and
2 3 other needed articles to be purchased at public expense, from
2 4 Iowa state industries as defined in section 904.802,
2 5 subsection 2, when the articles are available in the requested
2 6 quantity and at comparable prices and quality.
2 7 2. Notwithstanding section 73.16, subsection 2, the board
2 8 may issue electronic bid notices for distribution to the
2 9 targeted small business internet site through internet links
2 10 to each of the regents institutions.
2 11 3. Notwithstanding section 73.17, the board shall notify
2 12 the director of the department of economic development of
2 13 regents institutions' targeted small business purchases on an
2 14 annual basis.
2 15 Sec. 7. Section 262.58, Code 2005, is amended to read as
2 16 follows:
2 17 262.58 RATES AND TERMS OF BONDS OR NOTES.
2 18 Such bonds or notes may bear such date or dates, may bear
2 19 interest at such rate or rates, payable semiannually, may
2 20 mature at such time or times, may be in such form, carry such
2 21 registration privileges, may be payable at such place or
2 22 places, may be subject to such terms of redemption prior to
2 23 maturity with or without premium, if so stated on the face
2 24 thereof, and may contain such terms and covenants all as may
2 25 be provided by the resolution of the board authorizing the
2 26 issuance of the bonds or notes. In addition to the estimated
2 27 cost of construction, the cost of the project shall be deemed
2 28 to include interest upon the bonds or notes during
2 29 construction and for six months after the estimated completion
2 30 date, the compensation of a fiscal agent or adviser, and
2 31 engineering, administrative and legal expenses. Such bonds or
2 32 notes shall be executed by the president of the state board of
2 33 regents and attested by the secretary thereof executive
2 34 director of the state board of regents and the coupons thereto
2 35 attached shall be executed with the original or facsimile
3 1 signatures of said president and secretary executive director.
3 2 Any bonds or notes bearing the signatures of officers in
3 3 office on the date of the signing thereof shall be valid and
3 4 binding for all purposes, notwithstanding that before delivery
3 5 thereof any or all such persons whose signatures appear
3 6 thereon shall have ceased to be such officers. Each such bond
3 7 or note shall state upon its face the name of the institution
3 8 on behalf of which it is issued, that it is payable solely and
3 9 only from the net rents, profits and income derived from the
3 10 operation of residence halls or dormitories, including dining
3 11 and other incidental facilities, at such institution as
3 12 hereinbefore provided, and that it does not constitute a
3 13 charge against the state of Iowa within the meaning or
3 14 application of any constitutional or statutory limitation or
3 15 provision. The issuance of such bonds or notes shall be
3 16 recorded in the office of the treasurer of the institution on
3 17 behalf of which the same are issued, and a certificate by such
3 18 treasurer to this effect shall be printed on the back of each
3 19 such bond or note.
3 20 Sec. 8. Section 262A.6, Code 2005, is amended to read as
3 21 follows:
3 22 262A.6 FORM AND CONDITION OF BONDS.
3 23 Such bonds may bear such date or dates, may bear interest
3 24 at such rate or rates, payable semiannually, may mature at
3 25 such time or times, may be in such form and denominations, may
3 26 carry such registration privileges, may be payable at such
3 27 place or places, may be subject to such terms of redemption
3 28 prior to maturity with or without premium, if so stated on the
3 29 face thereof, and may contain such terms and covenants,
3 30 including the establishment of reserves, all as may be
3 31 provided by the resolution of the board authorizing the
3 32 issuance of the bonds. In addition to the estimated cost of
3 33 construction, including site costs, the cost of the project
3 34 may include interest upon the bonds during construction and
3 35 for six months after the estimated completion date, the
4 1 compensation of a fiscal agent or adviser, engineering,
4 2 architectural, administrative and legal expenses and provision
4 3 for contingencies. Such bonds shall be executed by the
4 4 president of the state board of regents and attested by the
4 5 executive secretary director, secretary or other official
4 6 thereof performing the duties of secretary executive director,
4 7 and the coupons thereto attached shall be executed with the
4 8 original or facsimile signatures of said president, executive
4 9 secretary director, secretary or other official; provided,
4 10 however, that the facsimile signature of either of such
4 11 officers executing such bonds may be imprinted on the face of
4 12 the bonds in lieu of the manual signature of such officer, but
4 13 at least one of the signatures appearing on the face of each
4 14 bond shall be a manual signature. Any bonds bearing the
4 15 signatures of officers in office on the date of the signing
4 16 thereof shall be valid and binding for all purposes,
4 17 notwithstanding that before delivery thereof any or all such
4 18 persons whose signatures appear thereon shall have ceased to
4 19 be such officers. Each such bond shall state upon its face
4 20 the name of the institution on behalf of which it is issued,
4 21 that it is payable solely and only from the student fees and
4 22 charges and institutional income received by such institution
4 23 as hereinbefore provided, and that it does not constitute a
4 24 debt of or charge against the state of Iowa within the meaning
4 25 or application of any constitutional or statutory limitation
4 26 or provision. The issuance of such bonds shall be recorded in
4 27 the office of the treasurer of the institution on behalf of
4 28 which the same are issued, and a certificate by such treasurer
4 29 to this effect shall be printed on the back of each such bond.
4 30 Sec. 9. Section 263A.4, Code 2005, is amended to read as
4 31 follows:
4 32 263A.4 BONDS OR NOTES PROVISIONS.
4 33 Such bonds or notes may bear such date or dates, may bear
4 34 interest at such rate or rates, payable semiannually, may
4 35 mature at such time or times, may be in such form and
5 1 denominations, carry such registration privileges, may be
5 2 payable at such place or places, may be subject to such terms
5 3 of redemption prior to maturity with or without premium, if so
5 4 stated on the face thereof, and may contain such terms and
5 5 covenants, including the establishment of reserves, all as may
5 6 be provided by the resolution of the board authorizing the
5 7 issuance of the bonds or notes. In addition to the estimated
5 8 cost of construction, including site costs, the cost of the
5 9 project may include interest upon the bonds or notes during
5 10 construction and for six months after the estimated completion
5 11 date, the compensation of a fiscal agent or adviser,
5 12 engineering, architectural, administrative, and legal expenses
5 13 and provision for contingencies. Such bonds or notes shall be
5 14 executed by the president of the state board of regents and
5 15 attested by the executive secretary director, secretary, or
5 16 other official thereof performing the duties of secretary
5 17 executive director, and the coupons thereto attached shall be
5 18 executed with the original or facsimile signatures of said
5 19 president, executive secretary director, secretary, or other
5 20 official; provided, however, that the facsimile signature of
5 21 either of such officers executing such bonds may be imprinted
5 22 on the face of the bonds in lieu of the manual signature of
5 23 such officer, but at least one of the signatures appearing on
5 24 the face of each bond shall be a manual signature. Any bonds
5 25 or notes bearing the signatures of officers in office on the
5 26 date of the signing thereof shall be valid and binding for all
5 27 purposes, notwithstanding that before delivery thereof any or
5 28 all such persons whose signatures appear thereon shall have
5 29 ceased to be such officers. Each such bond or note shall
5 30 state upon its face the name of the institution on behalf of
5 31 which it is issued, that it is payable solely and only from
5 32 hospital income received by such institution as provided in
5 33 this chapter, and that it does not constitute a debt of or
5 34 charge against the state of Iowa within the meaning or
5 35 application of any constitutional or statutory limitation or
6 1 provision. The issuance of such bonds or notes shall be
6 2 recorded in the office of the treasurer of the institution,
6 3 and a certificate by such treasurer to this effect shall be
6 4 printed on the back of each such bond or note.
6 5 Sec. 10. Section 432.13, Code 2005, is amended to read as
6 6 follows:
6 7 432.13 PREMIUM TAX EXEMPTION == HAWK=I PROGRAM == STATE
6 8 EMPLOYEE BENEFITS.
6 9 Premiums collected by participating insurers under chapter
6 10 514I are exempt from premium tax.
6 11 Premiums received for benefits acquired by the department
6 12 of administrative services on behalf of state employees
6 13 pursuant to section 8A.402, subsection 1, and by the state
6 14 board of regents on behalf of regents' employees, are exempt
6 15 from premium tax.
6 16 Sec. 11. Section 262.29, Code 2005, is repealed.
6 17 EXPLANATION
6 18 This bill contains a number of amendments relating to the
6 19 administration of institutions under the control of the state
6 20 board of regents.
6 21 Current law allows employers to demand the direct deposit
6 22 of payroll checks to a financial institution for newly hired
6 23 employees. The bill allows institutions under the control of
6 24 the board of regents to require direct deposit for all
6 25 employees.
6 26 The bill modifies, for institutions under the control of
6 27 the board of regents, a general provision requiring state
6 28 agencies to issue electronic project bid notices for
6 29 distribution to the targeted small business internet site if
6 30 that notice is provided in an electronic format through
6 31 internet links.
6 32 Current law requires state agencies to notify the
6 33 department of economic development, on a quarterly basis, of
6 34 anticipated purchases and procurements designated to satisfy
6 35 the targeted small business procurement goal. The bill changes
7 1 the reporting period to annual reporting for institutions
7 2 under the control of the board of regents.
7 3 The bill adds the university of Iowa hospitals and clinics
7 4 to the enumeration of institutions under the governance of the
7 5 board of regents.
7 6 The bill empowers the board to delegate to each university
7 7 the authority to approve leases.
7 8 The bill allows the board to file all claims for the
7 9 actual, necessary expenses in the same manner as claims for
7 10 similar expenses by state officers, eliminating the role of
7 11 the department of administrative services.
7 12 Code chapter 432 currently exempts the department of
7 13 administrative services from paying a tax on premiums paid to
7 14 purchase life and disability insurance policies on its
7 15 employees. The bill also exempts the institutions under the
7 16 control of the board of regents from paying the premium tax.
7 17 The bill changes the name of the chief executive officer of
7 18 the board from executive secretary to executive director.
7 19 LSB 5873XS 81
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