House
File
2216
-
Introduced
HOUSE
FILE
2216
BY
NIELSEN
A
BILL
FOR
An
Act
relating
to
the
issuance
of
general
obligation
bonds
for
1
certain
general
county
purposes.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
TLSB
5910YH
(2)
87
md/jh
H.F.
2216
Section
1.
Section
331.442,
subsection
5,
paragraph
a,
1
subparagraphs
(1),
(2),
and
(3),
Code
2018,
are
amended
to
read
2
as
follows:
3
(1)
In
counties
having
a
population
of
twenty
thousand
or
4
less,
in
an
amount
of
not
more
than
one
four
hundred
thousand
5
dollars.
6
(2)
In
counties
having
a
population
of
over
twenty
thousand
7
and
not
over
fifty
thousand,
in
an
amount
of
not
more
than
two
8
seven
hundred
thousand
dollars.
9
(3)
In
counties
having
a
population
of
over
fifty
thousand,
10
in
an
amount
of
not
more
than
three
hundred
thousand
one
11
million
dollars.
12
EXPLANATION
13
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
14
the
explanation’s
substance
by
the
members
of
the
general
assembly.
15
If
a
county
proposes
to
carry
out
a
general
county
purpose
16
using
funds
from
the
issuance
of
general
obligation
bonds,
17
generally
the
issuance
of
such
bonds
must
first
be
approved
by
18
the
registered
voters
of
the
county.
Current
law
establishes
19
an
exception
by
providing
that
a
county,
in
lieu
of
calling
an
20
election,
may
institute
proceedings
for
the
issuance
of
bonds
21
for
a
general
county
purpose
by
notice
and
publication
of
the
22
proposal
to
issue
the
bonds
that
includes
a
notice
of
the
right
23
to
petition
for
an
election,
subject
to
the
following
bond
24
amount
and
city
population
limitations:
(1)
in
counties
having
25
a
population
of
20,000
or
less,
in
an
amount
of
not
more
than
26
$100,000;
(2)
in
counties
having
a
population
of
over
20,000
27
and
not
over
50,000,
in
an
amount
of
not
more
than
$200,000;
28
and
(3)
in
counties
having
a
population
of
over
50,000,
in
an
29
amount
of
not
more
than
$300,000.
However,
if
at
any
time
30
before
the
date
fixed
for
taking
action
for
the
issuance
of
the
31
bonds,
a
valid
petition
is
filed
with
the
county
auditor
asking
32
that
the
question
of
issuing
the
bonds
be
submitted
to
the
33
registered
voters
of
the
county,
the
board
of
supervisors
shall
34
either
by
resolution
declare
the
proposal
to
issue
the
bonds
35
-1-
LSB
5910YH
(2)
87
md/jh
1/
2
H.F.
2216
to
have
been
abandoned
or
shall
direct
the
county
commissioner
1
of
elections
to
call
a
special
election
upon
the
question
of
2
issuing
the
bonds.
3
This
bill
increases
the
bond
amount
limitations
for
each
of
4
the
county
population
categories
to
the
following
amounts:
(1)
5
in
counties
having
a
population
of
20,000
or
less,
in
an
amount
6
of
not
more
than
$400,000;
(2)
in
counties
having
a
population
7
of
over
20,000
and
not
over
50,000,
in
an
amount
of
not
more
8
than
$700,000;
and
(3)
in
counties
having
a
population
of
over
9
50,000,
in
an
amount
of
not
more
than
$1
million.
10
-2-
LSB
5910YH
(2)
87
md/jh
2/
2