HSB 78 (LSB 1943YC (3) 86)

HOUSE FILE _____

BY  (PROPOSED COMMITTEE ON LABOR BILL BY CHAIRPERSON FORRISTALL)

A BILL FOR

An Act relating to the financial records of and loans made by employee organizations under the public employment relations Act.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 20.25, subsection 3, paragraph a, Code 2015, is amended to read as follows:
   a.  Accurate accounts of all income and expenses shall be kept, and annual financial report and audit shall be prepared,. such Such accounts shall be open for inspection by any member of individual represented by the organization,. and loans Loans to officers and agents shall be made only on terms and conditions available to all members individuals represented by the organization.
EXPLANATION
The inclusion of this explanation does not constitute agreement with

the explanation’s substance by the members of the general assembly.
   Current law requires that accounts of income and expenses kept by employee organizations under Code chapter 20, the public employment relations Act, be open for inspection by any member of the organization. This bill requires that such accounts be open for inspection by any individual represented by the organization.
   Current law requires that loans by such organizations to officers and agents of such organizations be made only on terms and conditions available to all members of such organizations. The bill requires that such loans be made only on terms and conditions available to all individuals represented by such organizations.