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House Journal: Page 1584: Thursday, April 11, 1996

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 1   be paid from moneys received under this subsection.
 2   Moneys not obligated for a project recommended by the
 3   housing council within one year of transfer shall
 4   revert to the general fund of the state.
 5     e.  Counties receiving moneys under this subsection
 6   shall track the use of the funds by project, program,
 7   or activity and shall provide a report to the
 8   department of economic development and the Iowa
 9   finance authority regarding the use of the funds by
10   December 15 of each year.
11     f.  Moneys provided under this subsection shall not
12   be used to supplant funding for housing programs
13   provided by a city or county.
14     g.  The authority shall adopt rules to administer
15   this subsection.
16     Sec. ___.  Section 428A.8, Code 1995, is amended to
17   read as follows:
18     428A.8  REMITTANCE TO STATE TREASURER - PORTION
19   RETAINED IN COUNTY.
20     1.  On or before the tenth day of each month the
21   county recorder shall determine and pay to the
22   treasurer of state eighty-two and three-fourths
23   percent of the receipts from the real estate transfer
24   tax collected during the preceding month and the
25   treasurer of state shall deposit ninety-five the
26   receipts as follows:
27     a.  Twenty percent of the receipts in the
general
28   fund of the state and transfer five percent of the
29   receipts shall be transferred to the Iowa finance
30   authority for deposit in the housing improvement fund
31   created in section 16.100.
32     b.  Of the remaining receipts, fifty percent shall
33   be deposited in the general fund of the state and
34   fifty percent shall be transferred to the Iowa finance
35   authority for deposit in the housing improvement fund
36   created in section 16.100 for the purposes of section
37   16.100, subsection 1A.
38     2.  The county recorder shall deposit the remaining
39   seventeen and one-fourth percent of the receipts in
40   the county general fund.
41     3.  The county recorder shall keep records and make
42   reports with respect to the real estate transfer tax
43   as the director of revenue and finance prescribes."
44     8.  Page 24, by striking lines 33 and 34 and
45   inserting the following:
46     "1.  The board of supervisors of a county with a
47   population of less than twenty thousand may adopt an
48   ordinance providing that property acquired and
49   subdivided for development of".
50     9.  Page 25, by striking lines 7 and 8 and

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 2)

© 1996 Cornell College and League of Women Voters of Iowa

Comments? hjourn@legis.iowa.gov.

Last update: Fri Apr 12 13:30:03 CDT 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/01500/01584.html
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