Fiscal year heralds new laws

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With the beginning of the state’s 2010 fiscal year on July 1, Iowans should be aware of several new laws approved during the 2009 legislative session that could impact their lives. Some of the highlights include:

Consumer Protection — In an effort to reduce home foreclosures, Iowans will benefit from expanded services when facing foreclosure and more accurate information from mortgage brokers or bankers. Active duty reservists and National Guard members will have new protections from foreclosure while serving our country. Iowa consumers who are defrauded when buying a used car, hiring contractors for home repairs, or starting a home mortgage will also have new rights to sue the business that defrauded them.

Renewable Energy and Jobs — In a move to create jobs and help Iowans rebuild from the storms of 2008, the Legislature approved another $30 million in historic tax credits for communities across Iowa to preserve and restore historic buildings. Schools, hospitals, universities, private colleges and community colleges also will be eligible to apply for state tax credits that will spur more small wind energy projects and reduce our dependence on foreign oil.

Public Safety — Sex offenders will be prohibited from being within 300 feet of schools, parks, or other places kids gather and the state will enhance tracking of the most dangerous sex offenders. In an effort to reduce meth production, pharmacies will now use electronic logbooks to track pseudoephedrine sales and stop meth makers from “pharmacy shopping.”

Health Care — Next year, health care will be expanded to an additional 30,000 uninsured kids, more low-income women will be eligible for health care during pregnancy, and it will be easier for parents to keep their adult children under 25 on their insurance plan. Insurance policies issued or renewed after July 1 must include coverage for prosthetics, can’t discriminate among cancer treatments, and cover diabetes management training. Seniors will also benefit from improved safety in nursing homes with higher fines leveled against homes when incidents resulting in death or severe injury occur.

The state’s 2009 fiscal year ended on June 30. With the national economy in recession, it’s been a tough year for Iowa families and the state budget. When the session ended in April, we approved a budget that spent $365 million less than the budget we approved in 2008 and had a $44.6 million projected ending balance for the current fiscal year (FY ‘09) that ends June 30. With state revenues in decline, no part of the budget has been exempt from state cuts. We reduced the Legislature’s budget by 10 percent next year by freezing pay for employees, reducing travel budgets, and cutting back next year’s legislative session by 10 days. The Supreme Court announced their plan to reduce costs by $5.4 million this week and Gov. Chet Culver’s office will reduce spending by 12 percent next year as well.

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