Senate Study Bill 1226 



                                       SENATE/HOUSE FILE       
                                       BY  (PROPOSED DEPARTMENT OF
                                            ADMINISTRATIVE SERVICES
                                            BILL)


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

                                      A BILL FOR

  1 An Act relating to the disposition of proceeds from the sale of
  2    state personal property.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 1454DP 83
  5 ec/rj/14

PAG LIN



  1  1    Section 1.  Section 8A.324, subsection 1, paragraph a, Code
  1  2 2009, is amended to read as follows:
  1  3    a.  The director may dispose of unfit or unnecessary
  1  4 personal property by sale.  Proceeds from the sale of personal
  1  5 property less any expense of the sale shall be deposited in
  1  6 the general fund of the state with the state agency in control
  1  7 of the property sold and shall be considered repayment
  1  8 receipts as defined in section 8.2.
  1  9                           EXPLANATION
  1 10    This bill requires the proceeds from the sale of state
  1 11 agency personal property to be deposited with the state agency
  1 12 controlling the property to be sold, less any expenses
  1 13 associated with the sale.  The bill further provides that
  1 14 proceeds deposited with the state agency shall be considered
  1 15 repayment receipts.
  1 16 LSB 1454DP 83
  1 17 ec/rj/14