SF 2018 (LSB 5125XS (10) 83)

SENATE FILE 2018

BY  SCHOENJAHN

A BILL FOR

An Act relating to city general obligation bonds by designating certain projects relating to multipurpose facilities as an essential corporate purpose and by modifying the definition of general corporate purpose.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 384.24, subsection 3, Code Supplement 2009, is amended by adding the following new paragraph:
   NEW PARAGRAPH.  y.  The acquisition, construction, reconstruction, enlargement, improvement, and equipping of a facility that is intended to be or that is currently being used for two or more of the purposes listed in subsection 4, paragraph “c”, and the acquisition of real estate therefor, if the city has a population of five thousand or less.
    Sec. 2.  Section 384.24, subsection 4, paragraph c, Code Supplement 2009, is amended to read as follows:
   c.  The Except as otherwise provided in subsection 3, paragraph “y”, the acquisition, construction, reconstruction, enlargement, improvement, and equipping of city halls, jails, police stations, fire stations, garages, libraries, ambulance service facilities, and hospitals, including buildings to be used for any combination of the foregoing purposes, and the acquisition of real estate therefor.
EXPLANATION
   This bill amends the definition of “essential corporate purpose” to include the acquisition, construction, reconstruction, enlargement, improvement, and equipping of a facility that is intended to be or that is currently being used for two or more specified purposes, and the acquisition of real estate therefor, if the city has a population of 5,000 or less. The specified purposes include city halls, police stations, fire stations, garages, libraries, ambulance service facilities, and hospitals. A city council may approve the issuance of general obligation bonds to carry out an essential corporate purpose without approval by voters at an election. The bill also amends the definition of “general corporate purpose” to include ambulance service facilities.