Senate File 242 - Introduced



                                       SENATE FILE       
                                       BY  BOLKCOM


    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act providing for the inclusion of energy usage information in
  2    a real estate disclosure statement.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 2543XS 82
  5 rn/je/5

PAG LIN



  1  1    Section 1.  Section 558A.4, subsection 1, Code 2007, is
  1  2 amended to read as follows:
  1  3    1.  The disclosure statement shall include information
  1  4 relating to the condition and important characteristics of the
  1  5 property and structures located on the property, including
  1  6 significant defects in the structural integrity of the
  1  7 structure, as provided in rules which shall be adopted by the
  1  8 real estate commission pursuant to section 543B.9.  The
  1  9 disclosure statement shall also include whether the property
  1 10 is located in a real estate improvement district and the
  1 11 amount of any special assessment against the property under
  1 12 chapter 358C.  The rules may require the disclosure to include
  1 13 information relating to the property's zoning classification;
  1 14 the condition of plumbing, heating, or electrical systems; or
  1 15 the presence of pests; and shall require the disclosure to
  1 16 include information obtained from the applicable electric,
  1 17 gas, and water utilities providing services to the property,
  1 18 or from the owner of the property if such services are not
  1 19 supplied, relating to energy usage during the twelve=month
  1 20 period preceding the date of transfer.
  1 21                           EXPLANATION
  1 22    This bill provides for the inclusion of information on the
  1 23 real estate disclosure statement required pursuant to Code
  1 24 chapter 558A relating to energy usage during the 12=month
  1 25 period preceding the date of a transfer of ownership.  The
  1 26 bill provides that the information shall be obtained from the
  1 27 electric, gas, and water utilities providing services to the
  1 28 property, or from the owner of the property if such services
  1 29 are not supplied to the property.
  1 30 LSB 2543XS 82
  1 31 rn:nh/je/5