The Iowa Association of Business and Industry questioned a move this week by Secretary of State Paul Pate to sharply increase fees to raise money for technology updates.

The proposed rule is part of a state law that allows the department to raise $2 million a year through 2022. 

Among the increases:
  • Maintaining an account would cost $100, up from $25. 
  • Filing a short Uniform Commercial Code document would cost $20, twice the old amount. If it’s more than a page or two, additional pages would be $40, up from $20.
  • Fees for filing and indexing a biennial report filed on paper or in a paper-based format would increase to $60, up from $45. 
  • Fees for an electronic filing through the secretary of state’s website would increase from $30 to $45.

In an email to members, ABI said Pate has provided “no timeline or clear plan for a proposed increase” to the ABI board for the technology work. “ABI staff had been working with the Secretary of State’s office since last winter to better understand how, if at all, the potential increases would improve business services. At this time, it is unclear to ABI how this will help members.” ABI asked members to comment on the proposed rule by Oct. 6 by writing Jessica Harder.

The state will accept comments on ARC 3320C until Oct. 17. You can comment by writing to Eric Gookin, legal counsel, Office of the Secretary of State, First floor, Lucas State Office Building, Des Moines, IA 50319; or by calling (515) 281-0145; or by visiting the Lucas State Office Building.