Senate File 95 - Introduced





                                       SENATE FILE       
                                       BY  McCOY and BLACK


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

                                      A BILL FOR

  1 An Act providing for a study to determine the feasibility of
  2    leasing property associated with the Honey creek premier
  3    destination park.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 1802XS 83
  6 da/nh/8

PAG LIN



  1  1    Section 1.  STUDY == DETERMINATION OF FEASIBILITY OF
  1  2 LEASING PROPERTY ASSOCIATED WITH HONEY CREEK PREMIER
  1  3 DESTINATION PARK.
  1  4    1.  The department of administrative services shall conduct
  1  5 a study to determine the feasibility of entering into a
  1  6 long=term lease with one or more persons to do all of the
  1  7 following:
  1  8    a.  Control real and personal property located at the Honey
  1  9 creek premier destination park and held by the department of
  1 10 natural resources.
  1 11    b.  Exercise powers enjoyed and duties performed by the
  1 12 Honey creek premier destination park authority created
  1 13 pursuant to section 463C.4, including as provided in sections
  1 14 463C.8 through 463C.10.
  1 15    2.  The department shall consider alternative methods to
  1 16 accomplish leasing arrangements, which shall include the
  1 17 transfer of interests in tangible and intangible property,
  1 18 income, assets, funds and accounts, options, and debts,
  1 19 liabilities, and other obligations.
  1 20    3.  The department shall prepare and submit a report to the
  1 21 governor and general assembly by September 1, 2009.  The
  1 22 report shall include the department's findings and
  1 23 recommendations, including proposed legislation necessary to
  1 24 accomplish lease arrangements.
  1 25                           EXPLANATION
  1 26    This bill requires the department of administrative
  1 27 services to study the feasibility of entering into a long=term
  1 28 lease with one or more persons to assume control of real and
  1 29 personal property located at the Honey creek premier
  1 30 destination park currently held by the department of natural
  1 31 resources and to assume the powers and duties exercised by the
  1 32 Honey creek premier destination park authority under Code
  1 33 chapter 463C.
  1 34    The department is required to prepare and submit a report
  1 35 to the governor and general assembly in 2009 which includes
  2  1 findings and recommendations.
  2  2    The Honey creek premier destination park is managed by a
  2  3 board composed of the treasurer of state, the auditor of
  2  4 state, and the director of the department of management (Code
  2  5 section 463C.5(1)), which is charged to oversee the issuance
  2  6 of tax=exempt bonds which result in bond proceeds of not more
  2  7 than $28 million deposited in the Honey creek premier
  2  8 destination park bond fund (Code section 463C.12(1)).  Moneys
  2  9 in the fund are to be used to develop and construct the Honey
  2 10 creek premier destination park including lodges, campgrounds,
  2 11 cabins, and golf courses in the park.
  2 12 LSB 1802XS 83
  2 13 da/nh/8