SF 2310: Relating to multiple housing cooperatives, including by providing for the conversion to a cooperative under the Iowa cooperative associations Act and merger with a limited liability company

What it does

BACKGROUND.102(24)).501). Under general principles of agricultural cooperative law, shares of common stock (memberships) must be held by patrons, and specifically persons who meet certain requirements: (1) producing a product marketed by the association, (2) customarily consuming or using the supplies or commodities that the association handles, or (3) using the services that the association renders. Savings (margins) generated from these arrangements (patronage) are refunded to members or used to provide capital for the cooperative’s operations.

House subcommittee · named March 8, 2022

• Rep. Eddie Andrews (R) · eddie.andrews@legis.iowa.gov
• Rep. Dean Fisher (R) · dean.fisher@legis.iowa.gov
• Rep. Steven Hansen (D)

Lobbying · 1 for, 0 against

For: B.A. Housing Co-Op.

In plain words

1. February 17, 2022Filed in the Senate
2. February 17, 2022Approved by the Senate committee
3. March 2, 2022Passed the Senate, 48–0
4. March 3, 2022Arrived in the House
5. March 8, 2022House subcommittee named: Andrews, Fisher and Hansen
6. March 9, 2022Subcommittee recommended passing it
7. March 17, 2022Approved by the House committee
8. March 24, 2022Passed the House, 92–1
9. May 2, 2022Sent to the Governor
10. May 2, 2022Signed into law