House File 111 - Introduced HOUSE FILE BY GASKILL Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act requiring an election to approve the use of increased 2 local sales and services tax revenues to fund urban renewal 3 projects. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 5 TLSB 1422HH 83 6 tw/mg:sc/8 PAG LIN 1 1 Section 1. Section 423B.1, subsection 6, paragraph c, Code 1 2 2009, is amended to read as follows: 1 3 c. Notwithstanding any other provision in this section, a 1 4 change in use of the local sales and services tax revenues for 1 5 purposes of funding an urban renewal project pursuant to 1 6 section 423B.10does not requirerequires an election pursuant 1 7 to section 423B.10, subsection 2. 1 8 Sec. 2. Section 423B.10, subsection 2, Code 2009, is 1 9 amended to read as follows: 1 10 2. a. An eligible city may by ordinance of the city 1 11 council provide for the use of a designated amount of the 1 12 increased local sales and services tax revenues collected 1 13 under this chapter which are attributable to retail 1 14 establishments in an urban renewal area to fund urban renewal 1 15 projects located in the area. The designated amount may be 1 16 all or a portion of such increased revenues. 1 17 b. An ordinance shall only be adopted pursuant to this 1 18 section after an election at which a majority of those voting 1 19 on the question favors the proposed use or change in use of a 1 20 designated amount of the increased local sales and services 1 21 tax revenues collected under this chapter for purposes of 1 22 funding urban renewal projects. 1 23 c. An eligible city shall within thirty days of proposing 1 24 an ordinance pursuant to this section direct the county 1 25 commissioner of elections to submit the question to the 1 26 registered voters of the city. 1 27 d. The county commissioner of elections shall submit the 1 28 question of whether to fund urban renewal projects using a 1 29 designated amount of the increased local sales and services 1 30 tax revenues collected under this chapter at an election held 1 31 on a date specified in section 39.2, subsection 4, paragraph 1 32 "b". 1 33 e. If a majority of those voting on the proposition votes 1 34 in favor of the proposition, the city council shall adopt the 1 35 ordinance as provided in paragraph "a". 2 1 EXPLANATION 2 2 Current law allows the governing body of a city to provide 2 3 by ordinance for the use of a designated amount of any 2 4 increased revenues collected from the imposition of a local 2 5 option sales and services tax to fund urban renewal projects. 2 6 This bill requires the city to submit the question of whether 2 7 to fund urban renewal projects with these revenues to a vote 2 8 of the residents of the city at an election held on one of the 2 9 statutorily prescribed special election dates. 2 10 LSB 1422HH 83 2 11 tw/mg:sc/8