Iowa 2019-2020 Regular Session Status: Enacted

HF 741 — A bill for an act relating to the property tax levy for the payment of general obligation bonds issued by cities for certain flood-related purposes and including applicability provisions. (Formerly HSB 99 and HF 589.) Effective 7-1-19.

Last action — Signed by Governor.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced March 14, 2019. Enacted.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

19 added · 37 removed

19 line(s) added, 37 removed.

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House File 741 - Introduced HOUSE FILE 741 BY COMMITTEE ON WAYS AND MEANS (SUCCESSOR TO HF 589) (SUCCESSOR TO HSB 99) A BILL FOR An Act relating to the property tax levy for the payment of general obligation bonds issued by cities for certain flood-related purposes and including applicability provisions.
House File 741 - Enrolled House File 741 AN ACT RELATING TO THE PROPERTY TAX LEVY FOR THE PAYMENT OF GENERAL OBLIGATION BONDS ISSUED BY CITIES FOR CERTAIN FLOOD-RELATED PURPOSES AND INCLUDING APPLICABILITY PROVISIONS.
TLSB 1914HZ (1) 88 md/jh H.F.
Section 1.
741 Section 1.
(4) Bonds issued to refund or refinance bonds issued for those the purposes, may mature and be retired in a period not exceeding thirty years from date of issue specified in subparagraph (1), (2), or (3).
(4) Bonds issued to refund or refinance bonds issued for House File 741, p.
2 those the purposes, may mature and be retired in a period not exceeding thirty years from date of issue specified in subparagraph (1), (2), or (3) .
EXPLANATION The inclusion of this explanation does not constitute agreement with the explanation’s substance by the members of the general assembly.
______________________________ ______________________________ LINDA UPMEYER CHARLES SCHNEIDER Speaker of the House President of the Senate I hereby certify that this bill originated in the House and is known as House File 741, Eighty-eighth General Assembly.
This bill amends provisions governing the property tax levy imposed by a city to retire bonds.
______________________________ CARMINE BOAL Chief Clerk of the House Approved _______________, 2019 ______________________________ KIM REYNOLDS Governor
The bill provides that general obligation bonds issued by a city for specified flood-related purposes and bonds issued to refund or refinance such bonds may mature and be retired in a period not exceeding 30 years from the date of issue, instead of a 20-year retirement period.
However, the 30-year period is only applicable if the bonds are issued in conjunction with a project approved by the flood mitigation board under Code chapter 418 and if the estimated useful life of the project, LSB 1914HZ (1) 88 -1- md/jh 1/2 H.F.
741 independently determined by a licensed professional engineer, is at least 200 percent of the maturity and retirement period for the bonds.
The bill applies to bonds issued before, on, or after the effective date of this Act.
LSB 1914HZ (1) 88 -2- md/jh 2/2
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Action History

  1. Signed by Governor.

  2. Reported correctly enrolled, signed by Speaker and President, and sent to Governor.

  3. Message from Senate.

  4. Immediate message.

  5. Passed Senate, yeas 49, nays 0.

  6. Committee report, recommending passage.

  7. Subcommittee: Dawson, Dotzler, and Schultz.

  8. Read first time, referred to Ways and Means.

  9. Message from House.

  10. Immediate message.

  11. Passed House, yeas 97 nays none.

  12. Introduced, placed on Ways and Means calendar.

Sponsorship breakdown

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0 sponsors · 0 co-sponsors · 150 not signed on

Sponsors (0)

None.

Co-sponsors (0)

None.

Not signed on (150)

150 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation environment
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What is the current status of HF 741?
This bill has been enacted into law. Introduced March 14, 2019. Enacted.
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