Read the full stored bill text
Senate
File
2251
-
Introduced
SENATE
FILE
2251
BY
ZUMBACH
A
BILL
FOR
An
Act
relating
to
the
authority
of
combined
recreational
lake
1
and
water
quality
districts
when
issuing
bonds.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
TLSB
6603SS
(2)
91
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S.F.
2251
Section
1.
Section
357E.11A,
subsection
2,
Code
2026,
is
1
amended
to
read
as
follows:
2
2.
A
combined
district
shall
have
the
same
powers
,
3
requirements,
and
limitations
to
issue
bonds
that
cities
have
4
under
the
laws
of
this
state,
including
but
not
limited
to
5
chapter
76
,
section
384.4
,
and
sections
384.23
through
384.94
.
6
The
bonds
shall
be
made
payable
at
the
place
and
be
of
the
form
7
as
the
board
of
trustees
shall
by
resolution
designate.
In
the
8
application
of
the
laws
to
this
section
,
the
words
used
in
the
9
laws
referring
to
municipal
corporations
or
to
cities
shall
10
be
held
to
include
combined
districts
organized
under
this
11
chapter
;
the
words
“council”
or
“city
council”
shall
be
held
to
12
include
the
board
of
trustees
of
a
combined
district;
the
words
13
“mayor”
and
“clerk”
shall
be
held
to
include
the
president
and
14
clerk
of
a
board
of
trustees;
and
like
construction
shall
be
15
given
to
any
other
words
in
the
laws
where
required
to
permit
16
the
exercise
of
the
powers
by
combined
districts
under
this
17
section
.
18
Sec.
2.
Section
357E.11A,
subsection
3,
Code
2026,
is
19
amended
by
striking
the
subsection.
20
EXPLANATION
21
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
22
the
explanation’s
substance
by
the
members
of
the
general
assembly.
23
This
bill
relates
to
bonding
and
indebtedness
authority
24
of
a
combined
recreational
lake
and
water
quality
district
25
(district)
under
Code
chapter
357E.
Under
current
law,
such
26
a
district
has
the
same
powers
to
issue
bonds
that
a
city
27
has
under
the
laws
of
this
state.
However,
Code
section
28
357E.11A(3)
requires
any
indebtedness
of
the
district,
except
29
for
refunding
bonds,
to
first
be
authorized
at
election.
The
30
bill
strikes
the
election
requirement
for
all
indebtedness
and
31
specifies
that
districts
are
subject
to
the
same
requirements
32
and
limitations
to
issue
bonds
that
a
city
has
under
the
laws
33
of
this
state,
which
may,
but
does
not
always
require,
approval
34
at
election.
35
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