House File 753 - Introduced



                                       HOUSE FILE       
                                       BY  COMMITTEE ON AGRICULTURE

                                       (SUCCESSOR TO HF 472)


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

                                      A BILL FOR

  1 An Act relating to boards of directors associated with
  2    organizations promoting soybeans and corn.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 2315HV 83
  5 da/rj/5

PAG LIN



  1  1    Section 1.  Section 185.13, subsection 2, Code 2009, is
  1  2 amended to read as follows:
  1  3    2.  Acquire and establish offices, issue negotiable
  1  4 instruments, incur expenses, and enter into any contracts or
  1  5 agreements necessary to carry out the purposes of this
  1  6 chapter.
  1  7    Sec. 2.  Section 185C.13, subsection 2, Code 2009, is
  1  8 amended to read as follows:
  1  9    2.  Establish Acquire and establish offices, issue
  1 10 negotiable instruments, incur expenses, and enter into any
  1 11 contracts or agreements necessary to carry out the purposes of
  1 12 this chapter.
  1 13    Sec. 3.  Section 185C.14, Code 2009, is amended to read as
  1 14 follows:
  1 15    185C.14  PER DIEM AND EXPENSES.
  1 16    Each member director of the board shall receive a per diem
  1 17 as specified in section 7E.6 of one hundred dollars and actual
  1 18 expenses in performing official board functions not to exceed
  1 19 forty days per year, notwithstanding section 7E.6.  No member
  1 20 A director of the board shall not be a salaried employee of
  1 21 the board or any organization or agency which is receiving
  1 22 funds from the board.  The board shall meet at least once
  1 23 every three months, and at such other times as deemed
  1 24 necessary by the board.
  1 25                           EXPLANATION
  1 26    This bill amends provisions relating to the management of
  1 27 the Iowa soybean association board of directors under Code
  1 28 chapter 185 and the Iowa corn promotion board under Code
  1 29 chapter 185C.
  1 30    The bill provides that the board of directors of the Iowa
  1 31 soybean association and the Iowa corn promotion board may
  1 32 issue negotiable instruments as part of their powers and
  1 33 duties under Code sections 185.13 and 185C.13.  A negotiable
  1 34 instrument is generally a specialized type of agreement for
  1 35 the payment of money which may include interest, and is
  2  1 payable on demand or at a definite time (Code section
  2  2 554.3104).
  2  3    The bill also provides that the directors of the Iowa corn
  2  4 promotion board are to receive a per diem of $100 in lieu of
  2  5 the amount specified in Code section 7E.6.  The directors of
  2  6 the Iowa soybean association also receive a $100 per diem
  2  7 under Code section 185.14.
  2  8 LSB 2315HV 83
  2  9 da/rj/5