House File 749 - Introduced



                                       HOUSE FILE       
                                       BY  COMMITTEE ON PUBLIC SAFETY

                                       (SUCCESSOR TO HSB 45)


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

                                      A BILL FOR

  1 An Act relating to financing agreements entered into on behalf of
  2    the department of corrections by the treasurer of state.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 1236HV 83
  5 jm/rj/5

PAG LIN



  1  1    Section 1.  DEPARTMENT OF CORRECTIONS == FINANCING
  1  2 AGREEMENTS.  Notwithstanding section 12.28, subsection 6, the
  1  3 treasurer of state may enter into a financing agreement on
  1  4 behalf of the department of corrections for a principal amount
  1  5 not to exceed three million five hundred thousand dollars
  1  6 during the fiscal year beginning July 1, 2009, and ending June
  1  7 30, 2010, for the purpose of establishing the central
  1  8 warehouse and supply depot and distribution facility pursuant
  1  9 to section 904.118A.
  1 10                           EXPLANATION
  1 11    This bill relates to financing agreements entered into on
  1 12 behalf of the department of corrections by the treasurer of
  1 13 state.
  1 14    The bill provides that notwithstanding Code section
  1 15 12.28(6), the treasurer of state may enter into a financing
  1 16 agreement on behalf of the department of corrections for a
  1 17 principal amount not to exceed $3.5 million during the fiscal
  1 18 year beginning July 1, 2009, and ending June 30, 2010, for the
  1 19 purpose of establishing the central warehouse and supply depot
  1 20 and distribution facility pursuant to Code section 904.118A.
  1 21 LSB 1236HV 83
  1 22 jm/rj/5