By Attorney Eric Boehlert Though HF718 extended the budget certification date to April 30 for cities, counties, and school districts, Iowa Code chapter 76 (relating to the imposition of debt service tax levies) has not been amended. This means for cities and counties, the authorizing resolution for a General Obligation...
By Attorneys Conner Wasson and Rachel Fritz In December 2020, Congress passed the Corporate Transparency Act (“CTA”) as part of the National Defense Authorization Act. The purpose of the CTA was to combat money laundering, financing of terrorism, and other illicit activity by creating a federal framework to require the...
By Attorney Elizabeth Burnett House File 718, signed by the Governor on May 4, 2023, (“HF 718”) changes the budgeting process and requires cities and counties to include additional steps in their budget approval process. This client alert provides a detailed list and explanation of the new steps imposed by...
By Attorney Elizabeth Burnett House File 718, signed into law by Governor Reynolds on May 4, 2023, changed available bond election dates for municipalities. General Obligation Bond elections may now only be held one time per year, on the first Tuesday after the first Monday in November. If you are...
By Attorney Jazmine Polk On Thursday, June 29, 2023, the United States Supreme Court majority opinion in Students for Fair Admissions, Inc. v. President and Fellows of Harvard College, overturned affirmative action at colleges and universities, holding that the race-conscious admissions processes at Harvard College (Harvard) and the University of...
By Attorney Elizabeth Burnett On May 4, 2023, Governor Reynolds signed House File 718, a bill aimed at reducing property tax growth in Iowa. There are significant changes to city and county levy limitations and financing. This client alert provides a general overview of certain provisions of the new law....
By Attorneys Beth Grob and Jim Wainwright The Legislature passed House File 718 which the Governor signed on May 4, 2023 (“HF718”). HF718 contains many provisions which affect how school districts conduct business and which also will require advance planning. Some important provisions: General Obligation Bond Elections: General Obligation Bond...
By Attorneys Kristin Cooper and Beth Grob Turmoil in the banking industry continues this week following the collapse of Silicon Valley Bank and Signature Bank, the second and third largest bank failures in U.S. history (1). Headlines swirl about the effect the collapses will have on the municipal bond market,...
By Attorneys Miriam Van Heukelem, Elizabeth Heffernan and Jazmine Polk On March 22, 2023, Governor Reynolds signed Senate File 482, more commonly known as the “Bathroom Bill,” into law. This new law goes into effect immediately and includes a number of requirements and prohibitions pertaining to the use of bathrooms...
