Text: HF00174 Text: HF00176 Text: HF00100 - HF00199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 257.2, subsection 12, Code 1995, is 1 2 amended to read as follows: 1 3 12. "State percent of growth" means the percent of growth 1 4 which is establishedby statutepursuant to section 257.8, and 1 5 which is used in determining the allowable growth. 1 6 Sec. 2. Section 257.8, subsection 1, Code 1995, is amended 1 7 to read as follows: 1 8 1. STATE PERCENT OF GROWTH. The state percent of growth 1 9 for a budget year shall be established by statute which shall 1 10 be enacted within thirty days of the submission in the base 1 11 year of the governor's budget under section 8.21. The 1 12 establishment of the state percent of growth for a budget year 1 13 shall be the only subject matter of the bill which enacts the 1 14 state percent of growth for a budget year. However, if a 1 15 statute to establish the state percent of growth is not 1 16 enacted within the required thirty-day period, the state 1 17 percent of growth is set at the percent, but not less than 1 18 zero, by which the revenue estimating conference estimated, at 1 19 its previous December meeting, the revenues to the general 1 20 fund of the state will increase during the budget year over 1 21 the base year. Any statute enacted subsequent to the thirty- 1 22 day period set out in this subsection is null and void. 1 23 Sec. 3. This Act, being deemed of immediate importance, 1 24 takes effect upon enactment and applies to the establishing of 1 25 the state percent of growth for school budget years beginning 1 26 after the effective date of this Act. 1 27 EXPLANATION 1 28 Present law requires that within 30 days of the governor's 1 29 submission of the budget to the general assembly, a statute 1 30 must be enacted that establishes the state percent of growth 1 31 for the school budget year beginning the following July 1. 1 32 This bill provides that if the statute is not enacted within 1 33 the 30-day period, the state percent of growth will 1 34 automatically be set at the revenue estimating conference's 1 35 estimated percent of increase in state revenues for the coming 2 1 year over the existing year. 2 2 The bill takes effect upon enactment and applies beginning 2 3 with the July 1, 1995, budget year. 2 4 LSB 2169YH 76 2 5 mg/jw/5
Text: HF00174 Text: HF00176 Text: HF00100 - HF00199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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