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House File 491 - EnrolledAn Actrelating to the sale or lease of real estate by
regulatory agency officials and employees to persons subject
to the agency’s regulatory authority, and making penalties
applicable.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
Section 1. Section 68B.4, subsection 1, Code 2021, is
amended to read as follows:
1. An official or employee of any regulatory agency shall
not sell or lease, either directly or indirectly, any goods,
real estate, or services to individuals, associations, or
corporations subject to the regulatory authority of the agency
of which the person is an official or employee, except when the
official or employee has met all of the following conditions:
a. The consent of the regulatory agency for which the
person is an official or employee is obtained and the person is
not the official or employee with the authority to determine
whether agency consent is to be given under this section.
b. The duties or functions performed by the official
or employee for the regulatory agency are not related to
the regulatory authority of the agency over the individual,
association, or corporation, or the selling or leasing of
goods, real estate, or services by the official or employee
to the individuals, associations, or corporations does not
affect the official’s or employee’s duties or functions at the
regulatory agency.
c. The selling or leasing of any goods, real estate,
or services by the official or employee to an individual,
association, or corporation does not include advocacy on
behalf of the individual, association, or corporation to
the regulatory agency in which the person is an official or
employee.
d. The selling or leasing of any goods, real estate,
or services by the official or employee to an individual,
association, or corporation does not cause the official or
employee to sell or lease goods, real estate, or services to
the regulatory agency on behalf of the individual, association,
or corporation.
______________________________
PAT GRASSLEYSpeaker of the House______________________________
JAKE CHAPMANPresident of the Senate I hereby certify that this bill originated in the House and is known as House File 491, Eighty-ninth General Assembly.______________________________
MEGHAN NELSONChief Clerk of the HouseApproved _______________, 2021______________________________
KIM REYNOLDSGovernorjh/tm
regulatory agency officials and employees to persons subject
to the agency’s regulatory authority, and making penalties
applicable.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
Section 1. Section 68B.4, subsection 1, Code 2021, is
amended to read as follows:
1. An official or employee of any regulatory agency shall
not sell or lease, either directly or indirectly, any goods,
real estate, or services to individuals, associations, or
corporations subject to the regulatory authority of the agency
of which the person is an official or employee, except when the
official or employee has met all of the following conditions:
a. The consent of the regulatory agency for which the
person is an official or employee is obtained and the person is
not the official or employee with the authority to determine
whether agency consent is to be given under this section.
b. The duties or functions performed by the official
or employee for the regulatory agency are not related to
the regulatory authority of the agency over the individual,
association, or corporation, or the selling or leasing of
goods, real estate, or services by the official or employee
to the individuals, associations, or corporations does not
affect the official’s or employee’s duties or functions at the
regulatory agency.
c. The selling or leasing of any goods, real estate,
or services by the official or employee to an individual,
association, or corporation does not include advocacy on
behalf of the individual, association, or corporation to
the regulatory agency in which the person is an official or
employee.
d. The selling or leasing of any goods, real estate,
or services by the official or employee to an individual,
association, or corporation does not cause the official or
employee to sell or lease goods, real estate, or services to
the regulatory agency on behalf of the individual, association,
or corporation.
______________________________
PAT GRASSLEYSpeaker of the House______________________________
JAKE CHAPMANPresident of the Senate I hereby certify that this bill originated in the House and is known as House File 491, Eighty-ninth General Assembly.______________________________
MEGHAN NELSONChief Clerk of the HouseApproved _______________, 2021______________________________
KIM REYNOLDSGovernorjh/tm