Senate File 620 - Introduced SENATE FILE 620 BY COMMITTEE ON WAYS AND MEANS (SUCCESSOR TO SSB 1184) A BILL FOR An Act relating to the procedure for disposal of certain city 1 utilities by sale. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 2574SV (3) 88 gh/rn
S.F. 620 Section 1. Section 388.2A, subsection 2, paragraph a, Code 1 2019, is amended by adding the following new subparagraph: 2 NEW SUBPARAGRAPH . (3) Notwithstanding subparagraph (1), 3 the governing body of a city which has a population between 4 two thousand and three thousand, according to the 2010 federal 5 decennial census, shall not be required to obtain appraisals 6 pursuant to this paragraph for the disposal by sale of a 7 city utility providing telecommunications services. This 8 subparagraph is repealed July 1, 2022. 9 EXPLANATION 10 The inclusion of this explanation does not constitute agreement with 11 the explanation’s substance by the members of the general assembly. 12 Current law establishes a procedure for the governing 13 body of a city to dispose of a city utility by sale. The 14 procedure requires the governing body to obtain two separate 15 appraisals of the city utility system to determine its fair 16 market value. This bill provides that a governing body of 17 a city with a population between 2,000 and 3,000 according 18 to the 2010 federal decennial census shall not be required 19 to obtain appraisals to dispose of a city utility providing 20 telecommunication services by sale. 21 The bill is repealed July 1, 2022. 22 -1- LSB 2574SV (3) 88 gh/rn 1/ 1