House File 314 - Enrolled
House File 314
AN ACT
RELATING TO NOTIFICATION OF THE GENERAL ASSEMBLY CONCERNING
CERTAIN STATE GOVERNMENT LEASES AND REAL PROPERTY
ACQUISITIONS.
4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 Section 1. NEW SECTION. 7E.5B Real property lease or
2 purchase —— notice.
3 In addition to any other provision of law, any purchase or
4 lease of real property, other than on a temporary basis, when
5 necessary in order to implement the programs of an authority or
6 protect the investments of an authority, shall require prior
7 written notice from the authority to the legislative services
8 agency. The legislative services agency shall submit the
9 notification to the government oversight standing committees
10 of the general assembly. The notification shall include the
11 information as described in section 8A.321, subsection 16.
12 Sec. 2. Section 8A.321, Code 2021, is amended by adding the
13 following new subsection:
14 NEW SUBSECTION. 16. At least thirty days prior to entering
15 into a contract for a lease or renewal of a lease pursuant
16 to subsection 6 or a contract for the acquisition of real
17 property pursuant to subsection 9 in which any part or the
18 total amount of the contract is at least fifty thousand
19 dollars, notify the legislative services agency concerning the
20 contract. The legislative services agency shall submit the
21 notification to the general assembly’s standing committees on
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22 government oversight. The notification is required regardless
23 of the source of payment for the lease, renewal of lease, or
24 acquisition of real property. The notification shall include
25 all of the following information:
26 a. A description of the buildings and office space subject
27 to the lease or renewal of lease or a description of the real
28 property to be acquired.
29 b. The proposed terms of the contract.
30 c. The cost of the contract, including principal and
31 interest costs. If the actual cost of a contract is not known
32 at least thirty days prior to entering into the contract, the
33 director shall estimate the principal and interest costs for
34 the contract.
35 d. An identification of the means and source of payment of
1 the contract.
2 e. An analysis of consequences of delaying or abandoning the
3 commencement of the contract.
______________________________ ______________________________
PAT GRASSLEY JAKE CHAPMAN
Speaker of the House President of the Senate
I hereby certify that this bill originated in the House and
is known as House File 314, Eighty-ninth General Assembly.
______________________________
MEGHAN NELSON
Chief Clerk of the House
Approved _______________, 2021 ______________________________
KIM REYNOLDS
Governor


Statutes affected:
Introduced: 8A.321, 7E.5B
Enrolled: 8A.321