Text: HF02358 Text: HF02360 Text: HF02300 - HF02399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 384.12, subsection 10, Code Supplement 1 2 1995, is amended to read as follows: 1 3 10. A tax for the operation and maintenance of a municipal 1 4 transit system, and for the creation of a reserve fund for the 1 5 system, in an amount not to exceedninety-fiveone dollar and 1 6 five cents per thousand dollars of assessed value each year, 1 7 when the revenues from the transit system are insufficient for 1 8 such purposes, but proceeds of the tax may not be used to pay 1 9 interest and principal on bonds issued for the purposes of the 1 10 transit system. 1 11 EXPLANATION 1 12 This bill increases from $.95 per $1,000 of assessed value 1 13 to $1.05 per $1,000 of assessed value the property tax rate 1 14 which a city may levy to fund the operation and maintenance of 1 15 a municipal transit system. 1 16 LSB 3943HV 76 1 17 sc/sc/14
Text: HF02358 Text: HF02360 Text: HF02300 - HF02399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
© 1996 Cornell College and League of Women Voters of Iowa
Comments? webmaster@legis.iowa.gov.
Last update: Fri Mar 8 09:22:50 CST 1996
URL: /DOCS/GA/76GA/Legislation/HF/02300/HF02359/960227.html
jhf