Iowa SSB1115 modifies approval requirements for city utilities, including changes to the process for discontinuing and disposing of city utilities by.
Iowa SSB1115 revises the approval requirements for city utilities. It mandates that the city council determine the fair market value of the utility system by obtaining two appraisals. The council must then publish notice of the proposal and hold a public hearing. After the hearing, the council can make the final determination by resolution. The bill also changes the approval requirement for discontinuing and disposing of a city utility by sale, allowing the council to set forth its proposal in a resolution and publish notice of a public hearing.
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