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Text: H05065                            Text: H05067
Text: H05000 - H05099                   Text: H Index
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House Amendment 5066

Amendment Text

PAG LIN
  1  1    Amend House File 2165 as follows:
  1  2    #1.  Page 4, line 5, by inserting after the figure
  1  3 "4" the following:  "unless the municipality elects to
  1  4 proceed under subsection 5".
  1  5    #2.  Page 5, by striking lines 7 through 18 and
  1  6 inserting the following:
  1  7    "NEW SUBSECTION.  5.  In lieu of making a claim for
  1  8 replacement moneys under the allocation provisions of
  1  9 subsection 4 for any applicable fiscal year, a
  1 10 municipality may elect to reduce the amount of
  1 11 assessed value of property defined in section 403.19,
  1 12 subsection 1, by an amount equal to that portion of
  1 13 the amount of such assessed value which is assessed
  1 14 pursuant to section 427B.17, subsection 3.  The
  1 15 applicable assessment roll and ordinance providing for
  1 16 the division of taxes under section 403.19 in the
  1 17 urban renewal taxing district shall be deemed to be
  1 18 modified to the extent of such annual adjustment
  1 19 without further action on the part of the city or
  1 20 county implementing the urban renewal taxing
  1 21 district."
  1 22    #3.  Page 5, by inserting after line 27 the
  1 23 following:
  1 24    "Sec.    .  NEW SECTION.  427B.19D  APPEAL FOR
  1 25 STATE ASSISTANCE.
  1 26    For fiscal years beginning on or after July 1,
  1 27 1996, a municipality in which is located an urban
  1 28 renewal district for which debt was incurred prior to
  1 29 June 30, 1996, may appeal to the state appeal board
  1 30 for state assistance to meet the debt obligations for
  1 31 the fiscal year if such debt is not secured by an
  1 32 assessment agreement pursuant to section 403.6,
  1 33 subsection 19, and if the urban renewal area contains
  1 34 property assessed pursuant to section 427B.17.  The
  1 35 appeal shall be made by May 15 preceding the fiscal
  1 36 year on forms approved by the department of
  1 37 management."
  1 38    #4.  By renumbering as necessary.  
  1 39 
  1 40 
  1 41                              
  1 42 LARSON of Linn
  1 43 HF 2165.301 76
  1 44 sc/cf
     

Text: H05065                            Text: H05067
Text: H05000 - H05099                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index

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