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Bill > SF2251
IA SF2251
IA SF2251A bill for an act relating to the authority of combined recreational lake and water quality districts when issuing bonds.
summary
Introduced
02/10/2026
02/10/2026
In Committee
02/10/2026
02/10/2026
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
This bill relates to bonding and indebtedness authority of a combined recreational lake and water quality district (district) under Code chapter 357E. Under current law, such a district has the same powers to issue bonds that a city has under the laws of this state. However, Code section 357E.11A(3) requires any indebtedness of the district, except for refunding bonds, to first be authorized at election. The bill strikes the election requirement for all indebtedness and specifies that districts are subject to the same requirements and limitations to issue bonds that a city has under the laws of this state, which may, but does not always require, approval at election.
AI Summary
This bill modifies the rules for how combined recreational lake and water quality districts, referred to as "districts," can issue bonds, which are essentially loans taken out by the district to fund projects. Currently, districts have the same bonding powers as cities, but a specific law (Code section 357E.11A(3)) requires that any new debt, except for refinancing existing debt (refunding bonds), must be approved by voters in an election. This bill removes that election requirement for all types of district debt, meaning districts will now be subject to the same general rules and limitations that cities follow when issuing bonds, which may or may not require voter approval depending on the specific circumstances.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Subcommittee recommends passage. (on 02/16/2026)
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=SF2251 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/SF2251.html |
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