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Senate
File
578
-
Introduced
SENATE
FILE
578
BY
COMMITTEE
ON
COMMERCE
(SUCCESSOR
TO
SF
169)
A
BILL
FOR
An
Act
relating
to
record
access
by
members
of
certain
special
1
districts
and
associations
providing
utility
service.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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1636SV
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578
Section
1.
NEW
SECTION
.
357A.26
Financial
records
access.
1
A
rural
water
district
or
rural
water
association
2
incorporated
under
this
chapter
or
chapter
504
shall,
3
upon
reasonable
request
by
any
member
of
the
district
4
or
association,
provide
to
the
member
the
district’s
5
or
association’s
most
recent
biennial
report
and
any
6
requested
financial
information,
including
the
district’s
7
or
association’s
budget
and
balance
sheet.
The
requested
8
information
shall
be
delivered
to
the
member
no
later
than
9
thirty
days
after
the
request.
10
Sec.
2.
NEW
SECTION
.
498.38
Financial
records
access.
11
An
association
that
provides
utility
service
to
its
12
members
shall,
upon
reasonable
request
by
any
member
of
the
13
association,
provide
to
the
member
the
association’s
most
14
recent
biennial
report
and
any
requested
financial
information,
15
including
the
association’s
budget
and
balance
sheet.
The
16
requested
information
shall
be
delivered
to
the
member
no
later
17
than
thirty
days
after
the
request.
18
Sec.
3.
NEW
SECTION
.
499.81
Financial
records
access.
19
An
association
that
provides
utility
service
to
its
20
members
shall,
upon
reasonable
request
by
any
member
of
the
21
association,
provide
to
the
member
the
association’s
most
22
recent
biennial
report
and
any
requested
financial
information,
23
including
the
association’s
budget
and
balance
sheet.
The
24
requested
information
shall
be
delivered
to
the
member
no
later
25
than
thirty
days
after
the
request.
26
EXPLANATION
27
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
28
the
explanation’s
substance
by
the
members
of
the
general
assembly.
29
This
bill
provides
that
if
a
rural
water
district,
rural
30
water
association,
nonprofit
cooperative
association,
or
31
cooperative
association
provides
utility
service
to
members,
32
the
most
recent
biennial
report
and
financial
information,
33
including
the
budget
and
balance
sheet,
for
the
rural
water
34
district,
rural
water
association,
nonprofit
cooperative
35
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578
association,
or
cooperative
association
must
be
made
available
1
to
a
member
within
30
days
of
a
reasonable
request
by
the
2
member.
3
A
rural
water
district
means
a
rural
water
district
4
incorporated
and
organized
pursuant
to
the
provisions
of
Code
5
chapter
357A.
6
A
rural
water
association
means
a
rural
water
association
7
organized
and
incorporated
as
a
cooperative
association
under
8
Code
chapter
499
or
as
a
nonprofit
corporation
under
Code
9
chapter
504.
10
A
nonprofit
cooperative
association
means
a
corporate
11
body
composed
of
actual
producers
or
consumers
of
the
given
12
commodity
handled
by
the
association,
whose
business
is
13
conducted
for
the
mutual
benefit
of
its
members
and
not
for
the
14
profit
of
stockholders,
and
for
which
control
is
vested
in
its
15
members
upon
the
basis
of
one
vote
to
each
member.
16
A
cooperative
association
is
one
that
deals
with
or
17
functions
for
its
member
and
that
distributes
its
net
earnings
18
among
its
members
in
proportion
to
their
dealings
with
it,
19
except
for
limited
dividends
or
other
items
permitted
in
Code
20
chapter
499,
and
in
which
each
voting
member
has
one
vote
and
21
no
more.
22
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