Bill Text: IA HF491 | 2021-2022 | 89th General Assembly | Enrolled
Bill Title: A bill for an act relating to the sale or lease of real estate by regulatory agency officials and employees to persons subject to the agency's regulatory authority, and making penalties applicable. (Formerly HSB 152.) Effective date: 07/01/2021.
Spectrum: Committee Bill
Status: (Passed) 2021-04-30 - Signed by Governor. H.J. 1038. [HF491 Detail]
Download: Iowa-2021-HF491-Enrolled.html
House
File
491
-
Enrolled
House
File
491
AN
ACT
RELATING
TO
THE
SALE
OR
LEASE
OF
REAL
ESTATE
BY
REGULATORY
AGENCY
OFFICIALS
AND
EMPLOYEES
TO
PERSONS
SUBJECT
TO
THE
AGENCY’S
REGULATORY
AUTHORITY,
AND
MAKING
PENALTIES
APPLICABLE.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
68B.4,
subsection
1,
Code
2021,
is
amended
to
read
as
follows:
1.
An
official
or
employee
of
any
regulatory
agency
shall
not
sell
or
lease,
either
directly
or
indirectly,
any
goods
,
real
estate,
or
services
to
individuals,
associations,
or
corporations
subject
to
the
regulatory
authority
of
the
agency
of
which
the
person
is
an
official
or
employee,
except
when
the
official
or
employee
has
met
all
of
the
following
conditions:
a.
The
consent
of
the
regulatory
agency
for
which
the
person
is
an
official
or
employee
is
obtained
and
the
person
is
not
the
official
or
employee
with
the
authority
to
determine
whether
agency
consent
is
to
be
given
under
this
section
.
b.
The
duties
or
functions
performed
by
the
official
or
employee
for
the
regulatory
agency
are
not
related
to
the
regulatory
authority
of
the
agency
over
the
individual,
association,
or
corporation,
or
the
selling
or
leasing
of
goods
,
real
estate,
or
services
by
the
official
or
employee
to
the
individuals,
associations,
or
corporations
does
not
affect
the
official’s
or
employee’s
duties
or
functions
at
the
regulatory
agency.
House
File
491,
p.
2
c.
The
selling
or
leasing
of
any
goods
,
real
estate,
or
services
by
the
official
or
employee
to
an
individual,
association,
or
corporation
does
not
include
advocacy
on
behalf
of
the
individual,
association,
or
corporation
to
the
regulatory
agency
in
which
the
person
is
an
official
or
employee.
d.
The
selling
or
leasing
of
any
goods
,
real
estate,
or
services
by
the
official
or
employee
to
an
individual,
association,
or
corporation
does
not
cause
the
official
or
employee
to
sell
or
lease
goods
,
real
estate,
or
services
to
the
regulatory
agency
on
behalf
of
the
individual,
association,
or
corporation.
______________________________
PAT
GRASSLEY
Speaker
of
the
House
______________________________
JAKE
CHAPMAN
President
of
the
Senate
I
hereby
certify
that
this
bill
originated
in
the
House
and
is
known
as
House
File
491,
Eighty-ninth
General
Assembly.
______________________________
MEGHAN
NELSON
Chief
Clerk
of
the
House
Approved
_______________,
2021
______________________________
KIM
REYNOLDS
Governor