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IA HF753
IA HF753A bill for an act designating the acquisition of hazardous material response vehicles and hazardous material response vehicle equipment as an essential corporate purpose.
summary
Introduced
03/05/2025
03/05/2025
In Committee
03/05/2025
03/05/2025
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
This bill amends the definition of “essential corporate purpose” to include the acquisition of hazardous material response vehicles and hazardous material response vehicle equipment. Under Code chapter 384, a city council may generally contract indebtedness and approve the issuance of general obligation bonds to carry out an essential corporate purpose without approval by voters at an election, while the issuance of general obligation bonds to carry out a general corporate purpose generally requires approval by voters at election.
AI Summary
This bill amends Iowa Code section 384.24, which defines an "essential corporate purpose" for cities, by adding the acquisition of hazardous material response vehicles and their associated equipment as a new category of essential corporate purpose. This is significant because under Iowa law, cities can issue general obligation bonds for essential corporate purposes without requiring voter approval, whereas bonds for general corporate purposes typically need voter validation. Hazardous material response vehicles are specialized emergency vehicles designed to respond to incidents involving dangerous chemicals, toxic substances, or other hazardous materials. By classifying these vehicle acquisitions as an essential corporate purpose, the bill makes it easier for cities to finance the purchase of critical emergency response equipment through bonding, potentially improving local emergency preparedness and public safety capabilities without the additional step of holding a public election to approve the bond issuance.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Introduced, referred to Ways and Means. H.J. 513. (on 03/05/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF753 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/HF753.html |
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