Bill Text: IA HF101 | 2025-2026 | 91st General Assembly | Introduced
Bill Title: A bill for an act relating to the sale of bonds by limiting the amount offered for sale.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2025-01-23 - Subcommittee: Meggers, Wichtendahl and Wills, J. H.J. 123. [HF101 Detail]
Download: Iowa-2025-HF101-Introduced.html
House
File
101
-
Introduced
HOUSE
FILE
101
BY
MEGGERS
A
BILL
FOR
An
Act
relating
to
the
sale
of
bonds
by
limiting
the
amount
1
offered
for
sale.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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H.F.
101
Section
1.
NEW
SECTION
.
75.1A
Bond
issuance
——
limitation.
1
For
projects
for
which
a
proposition
to
issue
bonds
was
2
approved
at
an
election
held
after
July
1,
2025,
the
total
3
amount
of
bonds
issued
for
the
project
under
any
provision
of
4
law
shall
not
exceed
an
amount
equal
to
eighty
percent
of
the
5
total
cost
of
the
project.
The
remaining
costs
of
the
project
6
shall
be
funded
from
sources
other
than
from
the
sale
of
bonds.
7
EXPLANATION
8
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
9
the
explanation’s
substance
by
the
members
of
the
general
assembly.
10
This
bill
relates
to
the
sale
of
bonds
by
limiting
the
amount
11
offered
for
sale
for
certain
projects.
Under
the
bill,
for
12
projects
for
which
a
proposition
to
issue
bonds
was
approved
at
13
an
election
held
after
July
1,
2025,
the
total
amount
of
bonds
14
issued
for
the
project
under
any
provision
of
law
shall
not
15
exceed
an
amount
equal
to
80
percent
of
the
total
cost
of
the
16
project.
The
remaining
costs
of
the
project
shall
be
funded
17
from
sources
other
than
from
the
sale
of
bonds.
18
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