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Senate File 100 - IntroducedA Bill ForAn Act 1relating to pipeline project investor disclosures and
2providing effective date and retroactive applicability
3provisions.
4BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 Section 1. Section 479B.4, subsection 1, Code 2023, is
2amended to read as follows:
31. A pipeline company doing business in this state shall
4file a verified petition with the board asking for a permit to
5construct, maintain, and operate a new pipeline along, over,
6or across the public or private highways, grounds, waters, and
7streams of any kind in this state. Any pipeline company now
8owning or operating a pipeline or underground storage facility
9in this state shall be issued a permit by the board upon
10supplying the information as provided for in section 479B.5,
11subsections 1 through 5, section 479B.34, and meeting the
12requirements of section 479B.13.
13 Sec. 2. NEW SECTION. 479B.34 Investor disclosures seeking
14the right of eminent domain.
15A pipeline company seeking the right of eminent domain for a
16pipeline project shall include in its permit application all
17of the following:
181. The names of all planned pipeline project investors.
192. The home addresses of all planned pipeline project
20investors.
213. Each investor’s range of planned monetary investment as
22follows:
23a. Between one and nine thousand nine hundred ninety-nine
24dollars.
25b. Between ten thousand and forty-nine thousand nine hundred
26ninety-nine dollars.
27c. Between fifty thousand and ninety-nine thousand nine
28hundred ninety-nine dollars.
29d. Between one hundred thousand and four hundred ninety-nine
30thousand nine hundred ninety-nine dollars.
31e. Between five hundred thousand and nine hundred
32ninety-nine thousand nine hundred ninety-nine dollars.
33f. Over one million dollars.
34 Sec. 3. EFFECTIVE DATE. This Act, being deemed of immediate
35importance, takes effect upon enactment.
-1-1 Sec. 4. APPLICABILITY. This Act applies retroactively to
2an application to construct a pipeline submitted on or after
3July 1, 2019.
4EXPLANATION
5The inclusion of this explanation does not constitute agreement with
6the explanation’s substance by the members of the general assembly.
7This bill relates to pipeline project investor disclosures.
8The bill provides that a pipeline company seeking eminent
9domain rights shall include investor information in the
10application for a permit submitted to the utilities board. The
11permit application shall include the names and home addresses
12of all planned pipeline investors and the range of planned
13investment per investor as indicated in a range from $l to
14$9,999, $10,000 to $49,999, $50,000 to $99,999, $100,000 to
15$499,999, $500,000 to $999,999, or $1 million or more.
16The bill takes effect upon enactment. The bill applies
17retroactively to applications submitted by pipeline companies
18seeking the right of eminent domain on or after July 1, 2019.
-2-es/rn
2providing effective date and retroactive applicability
3provisions.
4BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 Section 1. Section 479B.4, subsection 1, Code 2023, is
2amended to read as follows:
31. A pipeline company doing business in this state shall
4file a verified petition with the board asking for a permit to
5construct, maintain, and operate a new pipeline along, over,
6or across the public or private highways, grounds, waters, and
7streams of any kind in this state. Any pipeline company now
8owning or operating a pipeline or underground storage facility
9in this state shall be issued a permit by the board upon
10supplying the information as provided for in section 479B.5,
11subsections 1 through 5, section 479B.34, and meeting the
12requirements of section 479B.13.
13 Sec. 2. NEW SECTION. 479B.34 Investor disclosures seeking
14the right of eminent domain.
15A pipeline company seeking the right of eminent domain for a
16pipeline project shall include in its permit application all
17of the following:
181. The names of all planned pipeline project investors.
192. The home addresses of all planned pipeline project
20investors.
213. Each investor’s range of planned monetary investment as
22follows:
23a. Between one and nine thousand nine hundred ninety-nine
24dollars.
25b. Between ten thousand and forty-nine thousand nine hundred
26ninety-nine dollars.
27c. Between fifty thousand and ninety-nine thousand nine
28hundred ninety-nine dollars.
29d. Between one hundred thousand and four hundred ninety-nine
30thousand nine hundred ninety-nine dollars.
31e. Between five hundred thousand and nine hundred
32ninety-nine thousand nine hundred ninety-nine dollars.
33f. Over one million dollars.
34 Sec. 3. EFFECTIVE DATE. This Act, being deemed of immediate
35importance, takes effect upon enactment.
-1-1 Sec. 4. APPLICABILITY. This Act applies retroactively to
2an application to construct a pipeline submitted on or after
3July 1, 2019.
4EXPLANATION
5The inclusion of this explanation does not constitute agreement with
6the explanation’s substance by the members of the general assembly.
7This bill relates to pipeline project investor disclosures.
8The bill provides that a pipeline company seeking eminent
9domain rights shall include investor information in the
10application for a permit submitted to the utilities board. The
11permit application shall include the names and home addresses
12of all planned pipeline investors and the range of planned
13investment per investor as indicated in a range from $l to
14$9,999, $10,000 to $49,999, $50,000 to $99,999, $100,000 to
15$499,999, $500,000 to $999,999, or $1 million or more.
16The bill takes effect upon enactment. The bill applies
17retroactively to applications submitted by pipeline companies
18seeking the right of eminent domain on or after July 1, 2019.
-2-es/rn