This bill amends several sections of the Iowa Code related to the fees collected by the Secretary of State and the appropriation of funds for the modernization of business services. It introduces a new structure for fee collection, allowing the Secretary of State to impose additional fees for services, with a cap of $2 million in additional fees collected each fiscal year starting July 1, 2025. These fees will be deposited into a newly renamed "business services modernization fund," which will be used to modernize operations within the business services division, rather than solely for technology modernization as previously stated. The bill also eliminates the previous repeal date of July 1, 2026, ensuring the fund remains active.

Additionally, the bill revises the expedited filing service provisions, establishing new surcharges for different service levels: $250 for one-hour service, $175 for same-day service, $50 for two-day service, and $15 for five-day service. It mandates that the Secretary of State provide written confirmation of expedited filings. The collected surcharges will be deposited into the business administration fund, which supports the administration of business organization statutes. Overall, the bill aims to enhance the efficiency and effectiveness of services provided by the Secretary of State's office.

Statutes affected:
Introduced: 9.4, 9.4A, 9.15