SF 306: Regarding port authorities, including by allowing port authorities to enter into certain loan agreements and lease contracts

What it does

This bill relates to the powers and duties of port authorities. Under Code chapter 28J, the bill modifies the defined terms “authorized purposes”, “city”, “cost”, “facility” or “port authority facility”, “governmental agency”, “political subdivision”, “political subdivisions comprising the port authority”, “port authority revenue bonds” or “revenue bonds”, and “revenues”. The bill creates and defines the terms “net revenues” and “public works project”. The bill allows for the creation of a port authority by one or more political subdivisions, rather than by two or more political subdivisions.

Senate subcommittee · named February 21, 2023

• Sen. Carrie Koelker (R) · carrie.koelker@legis.iowa.gov
• Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
• Sen. Sarah Trone Garriott (D) · sarah.trone.garriott@legis.iowa.gov

Lobbying · 8 for, 2 against

For: Cedar Rapids Metro Economic Alliance; Council Bluffs Chamber of Commerce; Dubuque Area Chamber of Commerce; Iowa Chamber Alliance; Iowa Travel Industry Partners; Marshalltown Area Chamber of Commerce; Metropolitan Coalition; Professional Developers of Iowa (PDI)

Against: Iowa Farm Bureau Federation; Iowans for Tax Relief

In plain words

1. February 15, 2023Filed in the Senate and sent to the Commerce committee
2. February 21, 2023Senate subcommittee named: Koelker, Dawson and Trone Garriott
3. February 27, 2023Subcommittee recommended passing it
4. March 6, 2023Approved by the Senate committee, and given a new number: SF 526