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Legal Issues

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Mechanic's Lien & Statute of Repose Bills Signed Into Law - April 18, 2017

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Iowa Legislature Changes Mechanic's Lien Law - April 7, 2017

Iowa House and Senate pass bill expanding who is required to file Commencement of Work notice. The bill is now waiting on the Governor's signature. Read More »


Statute of Repose Bill Passes House of Representatives - March 22, 2017

On Tuesday, March 21, the Iowa House passed House File 3 (HF3), a bill that would reduce the Statute of Repose applicable to construction claims. The bill is now on to Governor Branstad. Read More »


Iowa Senate Passes Bill Reducing Statute of Repose - Bill Now Under Discussion in the House - March 13, 2017

On Wednesday, March 8, the Iowa Senate passed Senate File 413 (SF413), a bill that would reduce the Statute of Repose applicable to construction claims. This bill is now under discussion in the Iowa House (HF3). Read More »


Homeowner's Association Bill Dies During First Funnel Week - March 8, 2017

As you may know, earlier this year a bill was introduced at the Iowa legislature that included proposed changes to the law applicable to homeowner's associations. The bill, House File 158, was entitled the "Iowa Common Interest Ownership Act" (the "Act"). Read More »


Iowa landowners disappointed by court's Dakota Access eminent domain decision - February 15, 2017

Wednesday, February 15, the Polk County Iowa District Court decided that Texas-owned company, Dakota Access, had lawfully used the state's power of eminent domain to seize land from Iowa citizens for the Bakken oil pipeline. Read More »


MCDC Settlements Complete - December 21, 2016

According to an article in the public finance daily newspaper, The Bond Buyer, the SEC is finished bringing settlements under its Municipalities Continuing Disclosure Cooperation ("MCDC") initiative. Read More »


IRS Issues Final Issue Price Regulations - December 20, 2016

The Internal Revenue Service ("IRS") has issued final regulations (the "Final Regulations") on the definition of issue price to be published in the Federal Register on December 9, 2016 and with an effective date for Bonds that are sold on or after 180 days after publication. The Final Regulations amend existing definitions in the regulations under Section 148 of the Internal Revenue Code and replace regulations proposed by the IRS in 2015. Read More »


Lease with Option to Purchase Contracts Approved for Manufactured Housing Communities - November 9, 2016

Jodie McDougal as well as other attorneys at the Davis Brown Law Firm including Emily Stork, advocated to the Iowa Banking Superintendent for approval for manufactured housing communities to use Lease with Option to Purchase contracts. Read More »


New IRS Standards for Management Contracts - November 8, 2016

The Internal Revenue Service has been more proactive regarding its efforts to conduct audits on tax-exempt bond financings and has indicated that issuers and borrowers should maintain and follow post-compliance policies and procedures in order to make sure that the interest on the bonds continues to remain tax-exempt. Read More »


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