Iowa SF 169: A bill for an act relating to promotional play receipts, gambling games, and sports wagering.(Formerly SSB 1027.)

Bill Text

Senate
File
169
-
Introduced

SENATE
FILE
169

BY
DICKEY

A
BILL
FOR

An
Act
relating
to
record
access
by
members
of
cooperative
1

associations
providing
utility
service.
2

BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3

TLSB
1636SS
(2)
91

sb/js

S.F.
169

Section
1.
NEW
SECTION
.
498.38
Financial
records
access.
1

An
association
that
provides
utility
service
to
its
2

members
shall,
upon
reasonable
request
by
any
member
of
the
3

association,
provide
to
the
member
the
association’s
most
4

recent
biennial
report
and
any
requested
financial
information,
5

including
the
association’s
budget
and
balance
sheet.
The
6

requested
information
shall
be
delivered
to
the
member
no
later
7

than
thirty
days
after
the
request.
8

Sec.
2.
NEW
SECTION

.
499.81
Financial
records
access.
9

An
association
that
provides
utility
service
to
its
10

members
shall,
upon
reasonable
request
by
any
member
of
the
11

association,
provide
to
the
member
the
association’s
most
12

recent
biennial
report
and
any
requested
financial
information,
13

including
the
association’s
budget
and
balance
sheet.
The
14

requested
information
shall
be
delivered
to
the
member
no
later
15

than
thirty
days
after
the
request.
16

EXPLANATION
17

The
inclusion
of
this
explanation
does
not
constitute
agreement
with
18

the
explanation’s
substance
by
the
members
of
the
general
assembly.
19

This
bill
provides
that
if
a
nonprofit
cooperative
20

association
or
cooperative
association
provides
utility
service
21

to
members,
the
most
recent
biennial
report
and
financial
22

information,
including
the
budget
and
balance
sheet,
for
the
23

nonprofit
cooperative
association
or
cooperative
association
24

must
be
made
available
to
a
member
within
30
days
of
a
25

reasonable
request
by
the
member.
26

A
nonprofit
cooperative
association
means
a
corporate
27

body
composed
of
actual
producers
or
consumers
of
the
given
28

commodity
handled
by
the
association,
whose
business
is
29

conducted
for
the
mutual
benefit
of
its
members
and
not
for
the

30

profit
of
stockholders,
and
for
which
control
is
vested
in
its
31

members
upon
the
basis
of
one
vote
to
each
member.
32

A
cooperative
association
is
one
that
deals
with
or
33

functions
for
its
member
and
that
distributes
its
net
earnings
34

among
its
members
in
proportion
to
their
dealings
with
it,
35

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S.F.
169

except
for
limited
dividends
or
other
items
permitted
in
Code
1

chapter
499,
and
in
which
each
voting
member
has
one
vote
and
2

no
more.
3

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