Bill Text: IA SF100 | 2023-2024 | 90th General Assembly | Introduced
Bill Title: A bill for an act relating to pipeline project investor disclosures and providing effective date and retroactive applicability provisions.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2023-01-25 - Subcommittee: Brown, Bisignano, and Bousselot. S.J. 185. [SF100 Detail]
Download: Iowa-2023-SF100-Introduced.html
Senate
File
100
-
Introduced
SENATE
FILE
100
BY
J.
TAYLOR
A
BILL
FOR
An
Act
relating
to
pipeline
project
investor
disclosures
and
1
providing
effective
date
and
retroactive
applicability
2
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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S.F.
100
Section
1.
Section
479B.4,
subsection
1,
Code
2023,
is
1
amended
to
read
as
follows:
2
1.
A
pipeline
company
doing
business
in
this
state
shall
3
file
a
verified
petition
with
the
board
asking
for
a
permit
to
4
construct,
maintain,
and
operate
a
new
pipeline
along,
over,
5
or
across
the
public
or
private
highways,
grounds,
waters,
and
6
streams
of
any
kind
in
this
state.
Any
pipeline
company
now
7
owning
or
operating
a
pipeline
or
underground
storage
facility
8
in
this
state
shall
be
issued
a
permit
by
the
board
upon
9
supplying
the
information
as
provided
for
in
section
479B.5,
10
subsections
1
through
5
,
section
479B.34,
and
meeting
the
11
requirements
of
section
479B.13
.
12
Sec.
2.
NEW
SECTION
.
479B.34
Investor
disclosures
seeking
13
the
right
of
eminent
domain.
14
A
pipeline
company
seeking
the
right
of
eminent
domain
for
a
15
pipeline
project
shall
include
in
its
permit
application
all
16
of
the
following:
17
1.
The
names
of
all
planned
pipeline
project
investors.
18
2.
The
home
addresses
of
all
planned
pipeline
project
19
investors.
20
3.
Each
investor’s
range
of
planned
monetary
investment
as
21
follows:
22
a.
Between
one
and
nine
thousand
nine
hundred
ninety-nine
23
dollars.
24
b.
Between
ten
thousand
and
forty-nine
thousand
nine
hundred
25
ninety-nine
dollars.
26
c.
Between
fifty
thousand
and
ninety-nine
thousand
nine
27
hundred
ninety-nine
dollars.
28
d.
Between
one
hundred
thousand
and
four
hundred
ninety-nine
29
thousand
nine
hundred
ninety-nine
dollars.
30
e.
Between
five
hundred
thousand
and
nine
hundred
31
ninety-nine
thousand
nine
hundred
ninety-nine
dollars.
32
f.
Over
one
million
dollars.
33
Sec.
3.
EFFECTIVE
DATE.
This
Act,
being
deemed
of
immediate
34
importance,
takes
effect
upon
enactment.
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100
Sec.
4.
APPLICABILITY.
This
Act
applies
retroactively
to
1
an
application
to
construct
a
pipeline
submitted
on
or
after
2
July
1,
2019.
3
EXPLANATION
4
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
5
the
explanation’s
substance
by
the
members
of
the
general
assembly.
6
This
bill
relates
to
pipeline
project
investor
disclosures.
7
The
bill
provides
that
a
pipeline
company
seeking
eminent
8
domain
rights
shall
include
investor
information
in
the
9
application
for
a
permit
submitted
to
the
utilities
board.
The
10
permit
application
shall
include
the
names
and
home
addresses
11
of
all
planned
pipeline
investors
and
the
range
of
planned
12
investment
per
investor
as
indicated
in
a
range
from
$l
to
13
$9,999,
$10,000
to
$49,999,
$50,000
to
$99,999,
$100,000
to
14
$499,999,
$500,000
to
$999,999,
or
$1
million
or
more.
15
The
bill
takes
effect
upon
enactment.
The
bill
applies
16
retroactively
to
applications
submitted
by
pipeline
companies
17
seeking
the
right
of
eminent
domain
on
or
after
July
1,
2019.
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