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House Journal: Page 1681: Tuesday, April 16, 1996

Page  33

 1   been approved by the voters of a school corporation as
 2   hereinbefore provided, no further approval of the
 3   voters of such the school corporation shall be
 4   required as a result of any subsequent change in the
 5   boundaries of such the school corporation.
 6     Sec. ___.  Section 298.22, unnumbered paragraph 1,
 7   Code 1995, is amended to read as follows:
 8     All of said The bonds shall be substantially in
the
 9   form provided for county bonds, but subject to changes
10   that will conform them to the action of the board
11   providing therefor; shall run not more than twenty
12   years mature within the period provided in section
13   76.1, and may be sooner paid if so nominated in the
14   bond; bear a rate of interest not exceeding that
15   permitted by chapter 74A, payable semiannually; be
16   signed by the president and countersigned by the
17   secretary of the board of directors; and shall not be
18   disposed of for less than par value, nor issued for
19   other purposes than this chapter provides.
20     Sec. ___.  Section 331.442, subsection 4, Code
21   Supplement 1995, is amended to read as follows:
22     4.  The proposition of issuing bonds for a general
23   county purpose is not carried or adopted unless the
24   vote in favor of the proposition is equal to at least
25   sixty percent of the total vote cast for and against
26   the proposition at the election.  However, if the
27   board elects to offset the annual property tax levy
28   with revenues from a local income surtax pursuant to
29   section 76.21, the ballot proposition to authorize the
30   issuance of the bonds shall be submitted to the
31   electorate pursuant to section 75.1, subsection 2.  If
32   the proposition of issuing the general county purpose
33   bonds is approved by the voters, the board may proceed
34   with the issuance of the bonds.
35     Sec. ___.  Section 331.442, subsection 5, paragraph
36   a, unnumbered paragraph 1, Code Supplement 1995, is
37   amended to read as follows:
38     Notwithstanding subsection 2, a board, in lieu of
39   calling an election, may institute proceedings for the
40   issuance of bonds for a general county purpose by
41   causing a notice of the proposal to issue the bonds,
42   including a statement of the amount and purpose of the
43   bonds, the type or types of debt service tax to be
44   levied or imposed to pay principal and interest on the
45   bonds, and the right to petition for an election, to
46   be published as provided in section 331.305 at least
47   ten days prior to the meeting at which it is proposed
48   to take action for the issuance of the bonds subject
49   to the following limitations:
50     Sec. ___.  Section 331.447, subsection 1, Code

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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URL: /DOCS/GA/76GA/Session.2/HJournal/01600/01681.html
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