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House Journal: Page 1680: Tuesday, April 16, 1996

Page  32

 1   surtaxes is imposed.
 2     Sec. ___.  Section 298.18, unnumbered paragraph 2,
 3   Code 1995, is amended to read as follows:
 4     The amount estimated and certified to apply on to
 5   pay principal and interest for any one year shall not
 6   exceed an amount that could be raised by a property
 7   tax levy equal to two dollars and seventy cents per
 8   thousand dollars of the assessed valuation of the
 9   taxable property of the school corporation except as
10   hereinafter provided.
11     Sec. ___.  Section 298.18, unnumbered paragraph 4,
12   Code 1995, is amended to read as follows:
13     The amount estimated and certified to apply on to
14   pay principal and interest for any one year may exceed
15   an amount that could be raised by a property tax levy
16   equal to two dollars and seventy cents per thousand
17   dollars of assessed value by the amount approved by
18   the voters of the school corporation, but not
19   exceeding four dollars and five cents per thousand of
20   the assessed value of the taxable property within any
21   school corporation, provided that the qualified
22   registered voters of such school corporation have
23   first approved such increased amount at a special
24   election, which may be held at the same time as the
25   regular school election.  The proposition submitted to
26   the voters at such special election shall be in
27   substantially the following form:
28     Sec. ___.  Section 298.18, unnumbered paragraph 6,
29   Code 1995, is amended to read as follows:
30     Notice of the election shall be given by the county
31   commissioner of elections according to section 49.53.
32   The election shall be held on a date not less than
33   four nor more than twenty days after the last
34   publication of the notice.  At such the election the
35   ballot used for the submission of said the
proposition
36   shall be in substantially the form for submitting
37   special questions at general elections.  The county
38   commissioner of elections shall conduct the election
39   pursuant to the provisions of chapters 39 to 53 and
40   certify the results to the board of directors.  Such
41   The proposition shall not be deemed carried or
adopted
42   unless the vote in favor of such the proposition is
43   equal to at least sixty percent of the total vote cast
44   for and against said the proposition at said
the
45   election.  Whenever However, if the board of
directors
46   of a school district elects to offset the annual
47   property tax levy with revenues from an income surtax
48   pursuant to section 76.21, the ballot proposition
49   shall be submitted to the electorate pursuant to
50   section 75.1, subsection 2.  If such a proposition has

Iowa General Assembly

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

© 1996 Cornell College and League of Women Voters of Iowa

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Last update: Wed Apr 17 13:30:02 CDT 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/01600/01680.html
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