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
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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
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