Iowa SSB1198 restricts the Department of Natural Resources from acquiring real property at public auctions or from nonprofit corporations that.

Iowa SSB1198 imposes restrictions on the Department of Natural Resources' acquisition of real property. The bill prohibits the department from acquiring real property at public auctions. It also restricts the department from purchasing property at more than its appraised value from nonprofit corporations that bought the property at a public auction. An exception is made if the acquisition furthers a local or statewide conservation or recreation plan and is approved by the natural resource commission. The bill defines "auction" to include electronic, sealed bid, and conventional oral auctions.

Iowa SSB1198 restricts the Department of Natural Resources from acquiring real property at public auctions or from nonprofit corporations that.

Iowa SSB1198 imposes restrictions on the Department of Natural Resources' acquisition of real property. The bill prohibits the department from acquiring real property at public auctions. It also restricts the department from purchasing property at more than its appraised value from nonprofit corporations that bought the property at a public auction. An exception is made if the acquisition furthers a local or statewide conservation or recreation plan and is approved by the natural resource commission. The bill defines "auction" to include electronic, sealed bid, and conventional oral auctions.