Bills › 88th General Assembly
Providing for the repeal of the honey creek premier destination park bond program. Effective 7-1-19
Sponsored by the Senate Natural Resources and Environment Committee
Where it is now
- Done: IntroducedFebruary 18, 2019
- Skipped: SubcommitteeSkipped
- Done: Senate committeeFebruary 18, 2019
- Done: Passes the SenateMarch 11, 201946–0
- Done: House committeeMarch 19, 2019
- Done: Passes the HouseApril 11, 2019
- Done: To the GovernorApril 30, 2019
- Done: Signed into lawMay 1, 2019
Signed into law What’s a funnel?
What’s in it
The inclusion of this explanation does not constitute agreement with the explanation’s substance by the members of the general assembly. This bill repeals the honey creek premier destination park bond program. Current law creates within the department of natural resources the honey creek premier destination park authority, which implements and administers the honey creek premier destination park bond program. The law requires the authority to dissolve no later than two years after the date of final payment of all outstanding bonds and the satisfaction of all outstanding obligations of the authority, except to the extent necessary to remain in existence to fulfill any outstanding covenants or provisions with bondholders or third parties made in accordance with Code chapter 463C.
Read the full explanation
Upon dissolution, all assets of the authority shall be deposited into the general fund of the state unless otherwise directed by the general assembly. All outstanding bonds of the authority were defeased on November 25, 2013, and subsequently redeemed on June 1, 2016. The dissolution of the authority was effective June 1, 2018. The bill makes conforming changes in the Iowa Code to remove references to the authority. The bill also retains language regarding competitive bidding that would otherwise have been repealed.
House subcommittee
Named March 12, 2019. On March 13, 2019 it recommended passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Iowa Code it changes
Creates§461A.3A
Lobbying
1 for · 0 against · 8 undecided · Who →
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88th General Assembly