HF 753 (LSB 2759YH (2) 91)

HOUSE FILE 753

BY  CROKEN

A BILL FOR

An Act designating the acquisition of hazardous material response vehicles and hazardous material response vehicle equipment as an essential corporate purpose.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 384.24, subsection 3, Code 2025, is amended by adding the following new paragraph:
   NEW PARAGRAPH.  0l.  The acquisition of hazardous material response vehicles and hazardous material response vehicle equipment.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill amends the definition of “essential corporate purpose” to include the acquisition of hazardous material response vehicles and hazardous material response vehicle equipment.
   Under Code chapter 384, a city council may generally contract indebtedness and approve the issuance of general obligation bonds to carry out an essential corporate purpose without approval by voters at an election, while the issuance of general obligation bonds to carry out a general corporate purpose generally requires approval by voters at election.