Bill Text: IA SF2273 | 2013-2014 | 85th General Assembly | Enrolled
Bill Title: A bill for an act allowing the holders of interests in certain entities eligible to hold agricultural land to be elected as trustees of drainage or levee districts. (Formerly SSB 3172.) Effective 7-1-14.
Sponsorship: Committee Bill
Status: (Passed) 2014-04-03 - Signed by Governor. S.J. 719. [SF2273 Detail]
Download: Iowa-2013-SF2273-Enrolled.html
Senate
File
2273
AN
ACT
ALLOWING
THE
HOLDERS
OF
INTERESTS
IN
CERTAIN
ENTITIES
ELIGIBLE
TO
HOLD
AGRICULTURAL
LAND
TO
BE
ELECTED
AS
TRUSTEES
OF
DRAINAGE
OR
LEVEE
DISTRICTS.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
468.506,
subsection
3,
Code
2014,
is
amended
by
striking
the
subsection
and
inserting
in
lieu
thereof
the
following:
3.
An
individual
who
has
a
legal
or
equitable
interest
in
an
entity
that
holds
an
interest
in
agricultural
land
located
in
the
election
district
for
which
the
trustee
is
elected,
including
as
a
bona
fide
owner.
In
addition,
all
of
the
following
must
apply:
a.
The
entity
must
be
a
general
partnership
formed
under
section
486A.202
or
a
person
who
holds
the
agricultural
land
under
chapter
9H
as
a
family
farm
corporation,
authorized
corporation,
family
farm
limited
liability
company,
authorized
limited
liability
company,
family
farm
limited
partnership,
limited
partnership,
family
farm
unincorporated
nonprofit
association,
authorized
unincorporated
nonprofit
association,
family
trust,
or
authorized
trust.
b.
The
individual
must
hold
the
legal
or
equitable
interest
in
the
entity
described
in
paragraph
“a”
as
a
partner
in
the
general
partnership,
shareholder
in
the
corporation,
member
in
the
limited
liability
company,
general
or
limited
partner
in
the
limited
partnership,
member
in
the
unincorporated
nonprofit
association,
or
beneficiary
in
the
trust.
c.
The
individual
must
be
a
resident
of
the
county
in
which
the
election
district
is
located
or
of
a
county
that
is
contiguous
to
or
corners
on
that
county.
Senate
File
2273,
p.
2
Sec.
2.
Section
468.506,
subsection
4,
Code
2014,
is
amended
to
read
as
follows:
4.
a.
In
a
A
bona
fide
owner
of
benefited
land
in
a
drainage
or
levee
district
in
which
is
a
levee
and
drainage
district
which
has
eighty-five
percent
of
its
acreage
is
situated
within
the
corporate
limits
of
a
city
and
has
been
under
the
control
of
a
city
under
subchapter
II,
part
3
,
a
bona
fide
owner
of
benefited
land
in
the
district
.
b.
(1)
If
For
nonagricultural
land,
if
the
bona
fide
owner
is
a
family
farm
corporation
as
defined
by
section
9H.1,
subsection
9
,
a
business
corporation
organized
and
existing
under
chapter
490
or
491
,
or
a
partnership,
a
stockholder
or
officer
authorized
by
the
corporation
or
a
general
partner
may
be
elected
as
a
trustee
of
the
district.
(2)
For
agricultural
land,
if
the
bona
fide
owner
is
an
entity
described
in
subsection
3,
paragraph
“a”
,
an
individual
holding
a
legal
or
equitable
interest
in
that
entity
may
be
elected
as
trustee.
______________________________
PAM
JOCHUM
President
of
the
Senate
______________________________
KRAIG
PAULSEN
Speaker
of
the
House
I
hereby
certify
that
this
bill
originated
in
the
Senate
and
is
known
as
Senate
File
2273,
Eighty-fifth
General
Assembly.
______________________________
MICHAEL
E.
MARSHALL
Secretary
of
the
Senate
Approved
_______________,
2014
______________________________
TERRY
E.
BRANSTAD
Governor
