Text: H08698 Text: H08700 Text: H08600 - H08699 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 2498 as follows: 1 2 #1. Page 19, by inserting after line 13 the 1 3 following: 1 4 "c. Of the full-time equivalent positions 1 5 authorized pursuant to this section, 1.00 FTE shall be 1 6 designated to administer the rebuild our cities and 1 7 counties program established pursuant to section 1 8 405A.10." 1 9 #2. Page 22, by inserting after line 13 the 1 10 following: 1 11 "Sec. ___. NEW SECTION. 405A.11 REBUILD OUR 1 12 CITIES AND COUNTIES PROGRAM. 1 13 1. A rebuild our cities and counties (ROCC) fund 1 14 is created in the state treasury. The director of 1 15 revenue and finance shall credit the rebuild our 1 16 cities and counties fund with the moneys appropriated 1 17 to the fund as provided in this section. For purposes 1 18 of this section, "revenues generated by the sales tax" 1 19 means the estimated revenue from the gross receipts 1 20 taxed by the state pursuant to chapter 422, division 1 21 IV, as estimated by the revenue estimating conference 1 22 pursuant to section 8.22A in December preceding the 1 23 fiscal year for which the appropriation provided for 1 24 in this subsection shall be made. The moneys credited 1 25 to the ROCC fund shall be apportioned to each city and 1 26 county in the state on a per capita basis with an 1 27 equal share allocated to each person residing within 1 28 or without the boundaries of a city. The population 1 29 of each city and county shall be determined by the 1 30 latest federal census. There is appropriated from the 1 31 general fund of the state to the ROCC fund annually 1 32 the following amounts for the designated fiscal years: 1 33 a. For the fiscal year beginning July 1, 1999, an 1 34 amount equal to two percent of the revenues generated 1 35 by the sales tax. 1 36 b. For the fiscal year beginning July 1, 2000, an 1 37 amount equal to two percent of the revenues generated 1 38 by the sales tax plus an additional two percent of the 1 39 revenues generated by the sales tax if the 1 40 requirements of subsection 2 are met. 1 41 c. For the fiscal year beginning July 1, 2001, an 1 42 amount equal to a percent of the revenues generated by 1 43 the sales tax, which percent equals the percentage 1 44 used under paragraph "b", plus an additional two 1 45 percent of the revenues generated by the sales tax, if 1 46 the requirements of subsection 2 are met. 1 47 d. For each fiscal year in the period beginning 1 48 July 1, 2002, and ending June 30, 2007, an amount 1 49 equal to a percent of the revenues generated by the 1 50 sales tax, which percent equals the percentage used 2 1 for the previous fiscal year, plus an additional two 2 2 percent of the revenues generated by the sales tax, if 2 3 the requirements of subsection 2 are met. However, 2 4 the amount appropriated for a fiscal year shall not 2 5 exceed a total of twenty percent of revenues generated 2 6 by the sales tax. 2 7 2. The additional two percent of revenues 2 8 generated by the sales tax, as specified in subsection 2 9 1, shall be appropriated in a fiscal year only if the 2 10 December revenue estimate for the general fund of the 2 11 state for the next succeeding fiscal year exceeds the 2 12 revenue estimate for the general fund of the state for 2 13 the previous fiscal year by at least four percent. 2 14 3. During the budgeting process for each city and 2 15 county, the governing body of the city or county shall 2 16 request public comment, at a public hearing, on the 2 17 expenditure of the moneys received from the rebuild 2 18 our cities and counties fund. After public comment, 2 19 the governing body shall specify the amount of funds 2 20 which will be used for tax relief, including how the 2 21 tax relief will be accomplished and the amount of 2 22 funds which will be appropriated for specific 2 23 programs." 2 24 2 25 2 26 2 27 MUNDIE of Webster 2 28 2 29 2 30 2 31 RICHARDSON of Warren 2 32 HF 2498.513 77 2 33 tj/jw/28
Text: H08698 Text: H08700 Text: H08600 - H08699 Text: H Index Bills and Amendments: General Index Bill History: General Index
© 1998 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Mar 26 03:45:54 CST 1998
URL: /DOCS/GA/77GA/Legislation/H/08600/H08699/980325.html
jhf