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Text: HF02425                           Text: HF02427
Text: HF02400 - HF02499                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index


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House File 2426

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 403.19, subsection 5, Code 1995, is
  1  2 amended to read as follows:
  1  3    5.  A municipality shall certify to the county auditor on
  1  4 or before December 31 1 the amount of loans, advances,
  1  5 indebtedness, or bonds which qualify for payment from the
  1  6 special fund referred to in subsection 2, and the filing of
  1  7 the certificate shall make it a duty of the auditor to provide
  1  8 for the division of taxes in each subsequent year until the
  1  9 amount of the loans, advances, indebtedness, or bonds is paid
  1 10 to the special fund.  In any year, the county auditor shall,
  1 11 upon receipt of a certified request from a municipality filed
  1 12 prior to January on or before December 1, increase the amount
  1 13 to be allocated under subsection 1 in order to reduce the
  1 14 amount to be allocated in the following fiscal year to the
  1 15 special fund, to the extent that the municipality does not
  1 16 request allocation to the special fund of the full portion of
  1 17 taxes which could be collected.  Upon receipt of a certificate
  1 18 from a municipality, the auditor shall mail a copy of the
  1 19 certificate to each affected taxing district.  
  1 20                           EXPLANATION
  1 21    This bill changes from December 31 to December 1 the date
  1 22 by which a city or county is required to annually certify to
  1 23 the county auditor the amount of debt obligations to be paid
  1 24 from tax increment financing revenues and the allocation of
  1 25 tax increment financing revenues to the urban renewal area.  
  1 26 LSB 4216HV 76
  1 27 sc/sc/14
     
Text: HF02425                           Text: HF02427
Text: HF02400 - HF02499                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index
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