Senate Study Bill 1050 - Introduced SENATE FILE _____ BY (PROPOSED COMMITTEE ON LOCAL GOVERNMENT BILL BY CHAIRPERSON WILHELM) A BILL FOR An Act relating to the county recorder fees charged for each 1 recorded transaction. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 1824SC (6) 84 aw/nh

S.F. _____ Section 1. Section 331.604, subsection 3, paragraph b, 1 subparagraph (3), unnumbered paragraph 1, Code 2011, is amended 2 to read as follows: 3 Beginning For the period beginning July 1, 2011, and ending 4 June 30, 2016, the recorder shall also collect a fee of one 5 dollar two dollars for each recorded transaction, regardless 6 of the number of pages, for which a fee is paid pursuant to 7 subsection 1 to be used for the purposes in subparagraph (2) 8 and for the following purposes: 9 EXPLANATION 10 This bill relates to the fees charged by a county recorder 11 for each recorded transaction. 12 Current law requires that, between July 1, 2009, and June 13 30, 2011, a recorder charge a fee of $3 for each recorded 14 transaction regardless of the number of pages. Current law 15 reduces this fee to $1 for each recorded transaction beginning 16 July 1, 2011. 17 The bill increases the fee to be charged beginning July 1, 18 2011, from $1 to $2 for each recorded transaction, and provides 19 an end date for imposition of the fee of June 30, 2016. Current 20 law does not set an end date for the charging of this fee. 21 -1- LSB 1824SC (6) 84 aw/nh 1/ 1