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Text: HF00431                           Text: HF00433
Text: HF00400 - HF00499                 Text: HF Index
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House File 432

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 260D.12, as amended by 1994 Iowa Acts,
  1  2 chapter 1181, section 13, is amended to read as follows:
  1  3    260D.12  PAYMENT OF APPROPRIATION.
  1  4    Payment of appropriations for distribution under this
  1  5 chapter or of appropriations made in lieu of such
  1  6 appropriations, shall be made by the department of revenue and
  1  7 finance in four monthly installments due on or about November
  1  8 15, February 15, May 15, and August 15 the fifteenth of each
  1  9 month of a budget year, and installments shall be as nearly
  1 10 equal as possible, as determined by the department of revenue
  1 11 and finance, taking into consideration the relative budget and
  1 12 cash position of the state resources.
  1 13    Sec. 2.  1994 Iowa Acts, chapter 1181, section 18, is
  1 14 amended to read as follows:
  1 15    SEC. 18.  CONTINGENT EFFECTIVE DATE.  Sections 12, 13, 14,
  1 16 and 15 of this division shall take effect upon the publication
  1 17 date of the state comprehensive annual financial report
  1 18 prepared in accordance with generally accepted accounting
  1 19 principles which indicates that the payment of the obligation
  1 20 described in the section is made in accordance with generally
  1 21 accepted accounting principles July 1, 1995.  A report shall
  1 22 be made by the department of management to the Code editor on
  1 23 or before the publication date of the report.  Section 13 of
  1 24 this division, as amended by this Act, shall take effect July
  1 25 1, 1995.  
  1 26                           EXPLANATION
  1 27    This bill provides that the payment of state appropriations
  1 28 for distribution to community colleges shall be made in
  1 29 monthly installments due on or about the 15th of each month of
  1 30 a budget year.
  1 31    Section 260D.12 was amended in 1994 to provide for four
  1 32 equal payments of state funding to merged area schools in the
  1 33 same fiscal year for purposes of the payment of state
  1 34 obligations under generally accepted accounting principles
  1 35 (GAAP).  The bill amends that language to provide for equal
  2  1 monthly payments in the same fiscal year.  The 1994 amendment
  2  2 to section 260D.12, and similar amendments to section 257.16,
  2  3 relating to state school aid payments; section 285.2, relating
  2  4 to payments for nonpublic school transportation; and section
  2  5 303.18, relating to repayment to the permanent school fund of
  2  6 a loan for the state historical building, have contingent
  2  7 effective dates relating to payment of the obligations in
  2  8 accordance with GAAP.  The contingent effective date is
  2  9 replaced with an effective date of July 1, 1995.  
  2 10 LSB 2207HV 76
  2 11 kh/cf/24
     
Text: HF00431                           Text: HF00433
Text: HF00400 - HF00499                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index
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