reglab/housing_qa huggingface dataset:
IA Code § 12E.3 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12E - TOBACCO SETTLEMENT AUTHORITY|Section 12E.3 - Tobacco settlement authority — created — purposes — powers — restrictions.

12E.3 Tobacco settlement authority — created — purposes — powers — restrictions.   1. A tobacco settlement authority is created and constitutes a public instrumentality and agency of the state, separate and distinct from the state, exercising public and essential governmental functions.   2. The purposes of the authority include all of the following:   a. To implement and administer the program plan and to establish a stable source of revenue to be used for the purposes designated in section 12E.3A and other provisions of this chapter.   b. To enter into sales agreements.   c. To issue bonds and enter into funding options, consistent with this chapter, including refunding and refinancing its debt and obligations.   d. To sell, pledge, or assign, as security or consideration, all or a portion of the state’s share sold to the authority pursuant to a sales agreement, to provide for and secure the issuance and repayment of its bonds.   e. To invest funds available under this chapter to provide for a source of revenue in accordance with the program plan.   f. To enter into agreements with the state for the periodic distribution of amounts due the state under any sales agreement.   g. To refund and refinance the authority’s debts and obligations, and to manage its funds, obligations, and investments as necessary and if consistent with its purpose.   h. To sell, pledge, or assign, as security or consideration, all or a portion of the state’s share to implement alternative funding options.   i. To implement the purposes of this chapter.   3. The authority shall invest its funds and accounts in accordance with this chapter and shall not take action or invest in any manner that would cause the state to become a stockholder in any corporation or that would cause the state to assume or agree to pay the debt or liability of any corporation in violation of the United States Constitution or the Constitution of the State of Iowa.   4. The authority shall not create any obligation of this state or any political subdivision of this state within the meaning of any constitutional or statutory debt limitation.   5. The authority shall not pledge the credit or taxing power of this state or any political subdivision of this state, or make its debts payable out of any moneys except those of the authority specifically pledged for their payment.   6. The authority shall not pledge or make its debts payable out of the moneys deposited in the tobacco settlement trust fund.  2000 Acts, ch 1208, §3, 25; 2000 Acts, ch 1232, §14, 15; 2001 Acts, ch 164, §6, 21; 2008 Acts, ch 1186, §11, 19
IA Code § 12E.3A (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12E - TOBACCO SETTLEMENT AUTHORITY|Section 12E.3A - Endowment for Iowa’s health account — purposes.

12E.3A Endowment for Iowa’s health account — purposes.   1. The general assembly reaffirms and reenacts the purposes stated for the use of moneys deposited in the healthy Iowans tobacco trust, as the purposes were enacted in 2000 Iowa Acts, ch. 1232, §12, and codified in section 12.65, Code 2007, as the purposes for the endowment for Iowa’s health account. The purposes include those purposes related to health care, substance abuse treatment and enforcement, tobacco use prevention and control, and other purposes related to the needs of children, adults, and families in the state.   2. Any net proceeds from the sale of taxable bonds or tax-exempt bonds issued to provide funds for the purposes stated in section 12.65, Code 2007, and as reaffirmed and reenacted in subsection 1 shall continue to be used for such purposes, including but not limited to any such proceeds deposited in the endowment for Iowa’s health account or transferred or otherwise credited to the general fund of the state.  2008 Acts, ch 1186, §12, 19; 2014 Acts, ch 1026, §143  Referred to in §12E.2, 12E.3, 12E.9, 12E.10, 12E.11, 12E.12
IA Code § 12E.4 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12E - TOBACCO SETTLEMENT AUTHORITY|Section 12E.4 - Powers not restricted — law complete in itself.

12E.4 Powers not restricted — law complete in itself.   This chapter shall not restrict or limit the powers which the authority has under any other law of this state, but is cumulative as to any such powers. A proceeding, notice, or approval is not required for the creation of the authority or the issuance of obligations or an instrument as security, except as provided in this chapter.  2000 Acts, ch 1208, §4, 25
IA Code § 12E.5 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12E - TOBACCO SETTLEMENT AUTHORITY|Section 12E.5 - Governing board.

12E.5 Governing board.   1. The powers of the authority are vested in and shall be exercised by a board consisting of the treasurer of state, the auditor of state, and the director of the department of management. Notwithstanding the provisions of section 12.30, subsection 2, regarding ex officio nonvoting status, the treasurer of state shall act as a voting member of the authority.   2. Two members of the board constitute a quorum.   3. The members shall elect a chairperson, vice chairperson, and secretary, annually, and other officers as the members determine necessary. The treasurer of state shall serve as treasurer of the authority.   4. Meetings of the board shall be held at the call of the chairperson or when a majority of the members so requests.   5. The members of the board shall not receive compensation by reason of their membership on the board.  2000 Acts, ch 1208, §5, 25
IA Code § 12E.6 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12E - TOBACCO SETTLEMENT AUTHORITY|Section 12E.6 - Staff — assistance by state officers, agencies, and departments.

12E.6 Staff — assistance by state officers, agencies, and departments.   1. The staff of the office of the treasurer of state shall also serve as staff of the authority under the supervision of the treasurer.   2. State officers, agencies, and departments may render services to the authority within their respective functions, as requested by the authority.  2000 Acts, ch 1208, §6, 25
IA Code § 12E.7 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12E - TOBACCO SETTLEMENT AUTHORITY|Section 12E.7 - Limitation of liability.

12E.7 Limitation of liability.   Members of the board and persons acting on the authority’s behalf, while acting within the scope of their employment or agency, are not subject to personal liability resulting from carrying out the powers and duties conferred on them under this chapter.  2000 Acts, ch 1208, §7, 25
IA Code § 12E.8 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12E - TOBACCO SETTLEMENT AUTHORITY|Section 12E.8 - General powers.

12E.8 General powers.   1. The authority has all the general powers necessary to carry out its purposes and duties and to exercise its specific powers, including but not limited to all of the following powers:   a. The power to issue its bonds and to enter into other funding options as provided in this chapter.   b. The power to have perpetual succession as a public instrumentality and agency of the state, until dissolved in accordance with this chapter.   c. The power to sue and be sued in its own name.   d. The power to make and execute agreements, contracts, and other instruments, with any public or private person, in accordance with this chapter.   e. The power to hire and compensate legal counsel, notwithstanding chapter 13.   f. The power to hire investment advisors and other persons as necessary to fulfill its purpose.   g. The power to invest or deposit moneys of or held by the authority in any manner determined by the authority, notwithstanding chapter 12B or 12C.   h. The power to procure insurance, other credit enhancements, and other financing arrangements, and to execute instruments and contracts and to enter into agreements convenient or necessary to facilitate financing arrangements of the authority and to fulfill the purposes of the authority under this chapter, including but not limited to such arrangements, instruments, contracts, and agreements as municipal bond insurance, liquidity facilities, interest rate agreements, and letters of credit.   i. The power to accept appropriations, gifts, grants, loans, or other aid from public or private entities.   j. The power to adopt rules, consistent with this chapter and in accordance with chapter 17A, as the board determines necessary.   k. The power to acquire, own, hold, administer, and dispose of property.   l. The power to determine, in connection with the issuance of bonds, and subject to the sales agreement, the terms and other details of financing, and the method of implementation of the program plan.   m. The power to perform any act not inconsistent with federal or state law necessary to carry out the purposes of the authority.   2. The authority is exempt from the requirements of chapter 8A, subchapter III.  2000 Acts, ch 1208, §8, 25; 2001 Acts, ch 164, §7, 8, 21; 2003 Acts, ch 145, §132
IA Code § 12E.10 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12E - TOBACCO SETTLEMENT AUTHORITY|Section 12E.10 - Tobacco settlement program plan.

12E.10 Tobacco settlement program plan.   1. a. (1) The authority shall implement the program plan and shall proceed with a securitization to maximize the transference of risks associated with the master settlement agreement.   (2) The authority shall issue tax-exempt bonds as necessary in amounts determined by the authority sufficient to provide net proceeds for deposit in the tax-exempt bond proceeds restricted capital funds account of the tobacco settlement trust fund, to be used for capital projects, certain debt service on outstanding obligations which funded capital projects, and attorney fees related to the master settlement agreement.   (3) The authority may also issue taxable bonds or tax-exempt bonds to provide additional amounts to be used for the purposes specified in section 12E.3A.   (4) Notwithstanding subparagraphs (1) and (2), the authority is not required to issue tax-exempt bonds if the authority determines that the issuance would not be in the best interest of the state due to market conditions.   b. It is the expectation of the state that not less than eighty-five percent of the proceeds of any issue of tax-exempt bonds will be expended within five years from the effective date of the sale, consistent with the requirements of federal law, and that the specific capital projects, debt service, and attorney fees payments shall be determined annually through appropriations authorized by a constitutional majority of each house of the general assembly and approved by the governor.   c. The authority may issue tax-exempt bonds if the securitization of any remaining tobacco settlement payments will result in the deposit of net proceeds of not less than one hundred eighty-three million dollars for tax-exempt bonds issued after July 1, 2008.   2. The authority shall periodically report to the legislative council and the governor regarding implementation of the program plan and shall, prior to any public offering of bonds, submit a report to the legislative council and the governor describing the terms of the proposed bond issue.   3. Any amendment to the program plan shall be authorized by a constitutional majority of each house of the general assembly and approved by the governor.   4. To the extent that any provision of the program plan is inconsistent with this chapter, the provisions of this chapter shall govern.  2000 Acts, ch 1208, §10, 25; 2001 Acts, ch 164, §11, 21; 2008 Acts, ch 1179, §45 – 47; 2008 Acts, ch 1186, §14, 19  Referred to in §12E.9
IA Code § 12E.13 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12E - TOBACCO SETTLEMENT AUTHORITY|Section 12E.13 - Moneys of the authority.

12E.13 Moneys of the authority.   1. Moneys of the authority, except as otherwise provided in this chapter or specified in a trust indenture or resolution pursuant to which the bonds are issued, shall be paid to the authority and shall be deposited in a financial institution designated by the authority. The moneys shall be withdrawn on the order of the authority or its designee. Deposits shall be secured in the manner determined by the authority.   2. The auditor of state or the auditor’s designee, which may include a person hired by the auditor with the approval of the board, may periodically examine the accounts and books, including its receipts, disbursements, contracts, leases, sinking funds, investments, and any other records and papers relating to its financial standing. The authority shall pay the costs of any such examination.   3. The authority may contract with the holders of its bonds relating to the custody, collection, security, investment, and payment of moneys of the authority, and relating to the moneys held in trust or otherwise for payment of bonds, with the exception of moneys in the tobacco settlement trust fund. Moneys held in trust or otherwise for the payment of bonds or in any way to secure bonds and deposits of the moneys may be secured in the same manner as moneys of the authority, and financial institutions and trust companies may provide security for the deposits.   4. The authority shall submit to the governor, the attorney general, the auditor of state, the department of management, and the legislative services agency, within thirty days of its receipt, a copy of the report of every external examination of the books and accounts of the authority, other than copies of the reports of examinations of the auditor of state.   5. All moneys of the authority or moneys held by the authority shall be invested and held in the name of the authority, whether they are held for the benefit, security, or future payment to holders of bonds or to the state. All such moneys and investments shall be considered moneys and investments of the authority with the exception of moneys in the tax-exempt bond proceeds restricted capital funds account of the tobacco settlement trust fund which are moneys of the state.  2000 Acts, ch 1208, §13, 25; 2001 Acts, ch 164, §17, 21; 2003 Acts, ch 35, §45, 49
IA Code § 12E.14 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12E - TOBACCO SETTLEMENT AUTHORITY|Section 12E.14 - Exemption from competitive bid laws.

12E.14 Exemption from competitive bid laws.   The authority and contracts entered into by the authority in carrying out its public and essential governmental functions are exempt from the laws of the state which provide for competitive bids and hearings in connection with contracts, except as provided in section 12.30.  2000 Acts, ch 1208, §14, 25
IA Code § 12E.15 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12E - TOBACCO SETTLEMENT AUTHORITY|Section 12E.15 - Annual report.

12E.15 Annual report.   1. The authority shall submit to the governor, the general assembly, and the attorney general, on or before December 31, annually, a report including information regarding all of the following:   a. Its operations and accomplishments.   b. Its receipts and expenditures during the previous fiscal year, in accordance with classifications it establishes for its operating and capital accounts.   c. Its assets and liabilities at the end of the previous fiscal year and the status of reserve, special, and other funds.   d. A schedule of its bonds outstanding at the end of the previous fiscal year, and a statement of the amounts redeemed and issued during the previous fiscal year.   e. A statement of its proposed and projected activities.   f. Recommendations to the governor and the general assembly, as deemed necessary.   g. Any other information deemed necessary.   2. The annual report shall identify performance goals of the authority, and clearly indicate the extent of progress, during the reporting period, in attaining these goals.  2000 Acts, ch 1208, §15, 25  Referred to in §12E.12
IA Code § 12E.16 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12E - TOBACCO SETTLEMENT AUTHORITY|Section 12E.16 - Bankruptcy.

12E.16 Bankruptcy.   Prior to the date which is three hundred sixty-six days after which the authority no longer has any bonds outstanding, the authority is prohibited from filing a voluntary petition under chapter nine of the federal bankruptcy code, 11 U.S.C. §901 et seq., or such corresponding chapter or section as may, from time to time, be in effect, and a public official or organization, entity, or other person shall not authorize the authority to be or become a debtor under chapter nine or any successor or corresponding chapter or sections during such periods. The provisions of this section shall be part of any contractual obligation owed to the holders of bonds issued under this chapter. Any such contractual obligation shall not subsequently be modified by state law, during the period of the contractual obligation.  2000 Acts, ch 1208, §16, 25; 2005 Acts, ch 3, §11
IA Code § 12E.17 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12E - TOBACCO SETTLEMENT AUTHORITY|Section 12E.17 - Dissolution of the authority.

12E.17 Dissolution of the authority.   The authority shall dissolve no later than two years from the date of final payment of all outstanding bonds and the satisfaction of all outstanding obligations of the authority, except to the extent necessary to remain in existence to fulfill any outstanding covenants or provisions with bondholders or third parties made in accordance with this chapter. Upon dissolution of the authority, all assets of the authority shall be returned to the state and shall be deposited in the general fund of the state, unless otherwise directed by the general assembly, and the authority shall execute any necessary assignments or instruments, including any assignment of any right, title, or ownership to the state for receipt of payments under the master settlement agreement.  2000 Acts, ch 1208, §17, 25; 2001 Acts, ch 164, §18, 21; 2008 Acts, ch 1186, §17, 19
IA Code § 12E.18 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12E - TOBACCO SETTLEMENT AUTHORITY|Section 12E.18 - Liberal interpretation.

12E.18 Liberal interpretation.   This chapter, being deemed necessary for the welfare of the state and its people, shall be liberally construed to effect its purpose.  2000 Acts, ch 1208, §18, 25
IA Code § 12F.1 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12F - RESTRICTIONS ON SUDAN-RELATED INVESTMENTS|Section 12F.1 - Legislative findings and intent.

12F.1 Legislative findings and intent.   The general assembly is deeply concerned over the human rights situation in Sudan which calls for stepped-up international efforts to end the crisis in Sudan’s Darfur region, and concurs with United States policy which has officially declared that genocide is ongoing in the Sudan, and demands that the government of Sudan bring an end to these atrocities. Therefore, the general assembly intends that state funds and funds administered by the state, including public employee retirement funds, should not be invested in companies that provide power production-related services, mineral extraction activities, oil-related activities, or military equipment to the government of Sudan, or are complicit in the genocide in Darfur, given the ongoing genocide in that country, the previous atrocities perpetrated by the government of Sudan, and the abysmal human rights situation in that country.  2007 Acts, ch 39, §1
IA Code § 12F.3 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12F - RESTRICTIONS ON SUDAN-RELATED INVESTMENTS|Section 12F.3 - Identification of companies — notice.

12F.3 Identification of companies — notice.   1. a. By July 1, 2007, the public fund shall make its best efforts to identify all scrutinized companies in which the public fund has direct or indirect holdings or could possibly have such holdings in the future and shall create and make available to the public a scrutinized companies list for that public fund. The list shall further identify whether the company has inactive business operations or active business operations. The public fund shall review and update, if necessary, the scrutinized companies list and the determination of whether a company has inactive or active business operations on a quarterly basis thereafter.   b. In making its best efforts to identify scrutinized companies and companies with inactive business operations or active business operations, the public fund may review and rely, in the best judgment of the public fund, on publicly available information regarding companies with business operations in Sudan, such as information provided by the Sudan divestment task force, and including other information that may be provided by nonprofit organizations, research firms, international organizations, and government entities. The public fund may also contact asset managers and institutional investors for the public fund to identify scrutinized companies based upon industry-recognized lists of such companies that the public fund may have indirect holdings in.   2. a. For each company on the scrutinized companies list with only inactive business operations in which the public fund has direct or indirect holdings, the public fund shall send a written notice informing the company of the requirements of this chapter and encouraging it to continue to refrain from initiating active business operations in Sudan until it is able to avoid scrutinized business operations. The public fund shall continue to provide such written notice on an annual basis if the company remains a scrutinized company with inactive business operations.   b. For each company on the scrutinized companies list with active business operations in which the public fund has direct or indirect holdings, the public fund shall send a written notice informing the company of its status as a scrutinized company with active business operations and that it may become subject to divestment and restrictions on investing in the company by the public fund. The notice shall offer the company the opportunity to clarify its Sudan-related activities and shall encourage the company to either cease its scrutinized business operations or convert such operations to inactive business operations in order to avoid becoming subject to divestment and restrictions on investment in the company by the public fund. The public fund shall continue to provide such written notice on an annual basis if the company remains a scrutinized company with active business operations.  2007 Acts, ch 39, §3  Referred to in §12F.4, 12F.5, 12F.7