Iowa HF753 designates the acquisition of hazardous material response vehicles and equipment as an essential corporate purpose.

Iowa HF753 amends the definition of "essential corporate purpose" to include the acquisition of hazardous material response vehicles and equipment. This change allows city councils to contract indebtedness and approve the issuance of general obligation bonds for these acquisitions without voter approval. The bill modifies Section 384.24, subsection 3, of the Code 2025 to add this new essential purpose.

Iowa HF753 designates the acquisition of hazardous material response vehicles and equipment as an essential corporate purpose.

Iowa HF753 amends the definition of "essential corporate purpose" to include the acquisition of hazardous material response vehicles and equipment. This change allows city councils to contract indebtedness and approve the issuance of general obligation bonds for these acquisitions without voter approval. The bill modifies Section 384.24, subsection 3, of the Code 2025 to add this new essential purpose.