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