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House Journal: Page 898: Wednesday, March 22, 1995

36   created in the office of the treasurer of state under
37   the authority of the department of revenue and
38   finance.  The relief fund shall consist of moneys
39   appropriated to the fund and the amount of allocations
40   from the fund for property tax relief pursuant to
41   subsection 2 and for the adjustment factor pursuant to
42   subsection 5 shall be as specified in law by the
43   general assembly.
44     2.  In each fiscal year, a county shall receive for
45   property tax relief the county's proportion of the
46   moneys in the relief fund allocated for property tax
47   relief.  A county's proportion of the moneys shall be
48   equivalent to the sum of the following three factors:
49     a.  One-third based upon the county's proportion of
50   the state's general population.
Page 8
 1     b.  One-third based upon the county's proportion of
 2   the state's total taxable property valuation assessed
 3   for taxes payable in the previous fiscal year.
 4     c.  One-third based upon the county's proportion of
 5   all counties' base year expenditures, as defined in
 6   section 331.438.
 7     3.  The department of human services shall notify
 8   the department of revenue and finance of the amount
 9   due each county and the director of revenue and
10   finance shall draw warrants on the relief fund,
11   payable quarterly to the county treasurer in the
12   amount due a county in accordance with subsection 2,
13   and mail the warrants to county auditors by September
14   1, December 1, March 1, and June 1 of each year.
15     4.  Before June 1, 1995, the director of human
16   services shall notify the county auditor of each
17   county of the amount of moneys the county will receive
18   from the relief fund for property tax relief pursuant
19   to subsection 2 in the succeeding fiscal year.  For
20   the fiscal year beginning July 1, 1995, the department
21   of management shall reduce the amount of the county's
22   certified budget to be raised by property tax, for
23   that fiscal year by an amount equal to the amount the
24   county will receive from the relief fund for property
25   tax relief pursuant to subsection 2 and the department
26   of management shall determine the rate of taxation
27   necessary to raise the reduced amount.  For subsequent
28   fiscal years, the levy for the mental health, mental
29   retardation, and developmental disabilities fund shall
30   be reduced by the county auditor and the board of
31   supervisors in the manner specified in section
32   331.424A.
33     5.  In addition to moneys received by a county for
34   a fiscal year pursuant to subsection 2, the county may
35   be paid an adjustment factor payment for services
36   provided in accordance with the county's management

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 1)

© 1995 Cornell College and League of Women Voters of Iowa

Comments? hjourn@legis.iowa.gov.

Last update: Sun Jan 14 21:05:02 CST 1996
URL: /DOCS/GA/76GA/Session.1/HJournal/00800/00898.html
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