General Assembly: 77 (1998 Regular GA) - Chapter 1085 - Sale of interest in corporation under Iowa business development finance Act


Published: 1998-04-13

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CH. 1085 LAWS OF THE SEVEN1Y-SEVENTH GA, 1998 SESSION

CHAPTER 1085 SALE OF INTEREST IN CORPORA nON UNDER IOWA BUSINESS

DEVELOPMENT FINANCE ACT

H.F. 2168

144

AN ACT relating to the sale of stock or ownership interest of any corporation formed under the Iowa business development finance Act.

Be It Enacted by the General Assembly of the State of Iowa:

Section 1. Section 15E.134, subsection 8, Code 1997, is amended to read as follows: 8. To do all acts and things necessary or convenient to carry out the powers expressly

granted in this division and such other powers not in conflict with this division granted under chapter 490. including the power and authority to sell any and all of the stock or ownership interest of any corporation formed pursuant to this division notwithstanding any contrary provisions or restrictions of this division. Any proceeds of the sale of stock or ownership interest shall be deposited in the strategic investment fund created in section 15.313 to be allocated by the Iowa economic development board to programs for which the assets of the fund may be used.

Approved April 13, 1998

CHAPTER 1086 LIABILI1Y FOR INMATE, PRISONER, AND ESCAPEE EXPENSES -

STATE TORT CLAIMS

H.F.2211

AN ACT relating to the liability for and payment of certain costs and other expenses relating to certain inmates, prisoners, and escapees.

Be It Enacted by the General Assembly of the State of Iowa:

Section 1. Section 669.2, subsection 4, unnumbered paragraph 1, Code Supplement 1997, is amended to read as follows:

"Employee of the state" includes anyone or more officers, agents, or employees ofthe state or any state agency, including members of the general assembly, and persons acting on behalf of the state or any state agency in any official capacity, temporarily or permanently in the service of the state of Iowa, whether with or without compensation, but does not include a contractor doing business with the state. Professional personnel, including phy- sicians, osteopathic physicians and surgeons, osteopathic physicians, optometrists, den- tists, nurses, physician assistants, and other medical personnel, who render services to patients or inmates of state institutions under the jurisdiction of the department of human services or the Iowa department of corrections, and employees of the commission of veter- ans affairs, are to be considered employees of the state, whether the personnel are employed on a full-time basis or render services on a part -time basis on a fee schedule or other arrange- ment. Criminal defendants while performing unpaid community service ordered by the district court, board of parole, or judicial district department of correctional services, or an inmate providing services pursuant to a chapter 28E agreement entered into pursuant to