Text: HF00243 Text: HF00245 Text: HF00200 - HF00299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 HOUSE FILE 244 1 2 1 3 AN ACT 1 4 RELATING TO THE COUNTY DEBT SERVICE FUND. 1 5 1 6 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 1 7 1 8 Section 1. Section 331.430, subsection 2, Code 1997, is 1 9 amended by adding the following new unnumbered paragraph: 1 10 NEW UNNUMBERED PARAGRAPH. For the purposes of this 1 11 section, warrants issued by a county in anticipation of 1 12 revenue, refunding or refinancing of such warrants, and 1 13 judgments based on a default in payment of such warrants shall 1 14 not be considered debt payable from the debt service fund. 1 15 Sec. 2. Section 331.430, subsection 3, Code 1997, is 1 16 amended to read as follows: 1 17 3. A tax levied for the debt service fund is not invalid 1 18 if it raises moneys in excess of those needed for a specific 1 19 purpose. Only excess moneys remaining after retirement of all 1 20 indebtedness payable from the debt service fund may be 1 21 transferred from the fund to the fund most closely related to 1 22 the project for which the indebtedness arose, or to the 1 23 general fund, subject to the terms of the original bond issue. 1 24 This subsection shall not be construed to give a county board 1 25 of supervisors authority to increase the debt service levy for 1 26 the purpose of creating excess moneys in the fund to be used 1 27 for purposes other than those related to retirement of debt. 1 28 1 29 1 30 1 31 RON J. CORBETT 1 32 Speaker of the House 1 33 1 34 1 35 2 1 MARY E. KRAMER 2 2 President of the Senate 2 3 2 4 I hereby certify that this bill originated in the House and 2 5 is known as House File 244, Seventy-seventh General Assembly. 2 6 2 7 2 8 2 9 ELIZABETH ISAACSON 2 10 Chief Clerk of the House 2 11 Approved , 1997 2 12 2 13 2 14 2 15 TERRY E. BRANSTAD 2 16 Governor
Text: HF00243 Text: HF00245 Text: HF00200 - HF00299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
© 1997 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: Tue Apr 22 10:40:04 CDT 1997
URL: /DOCS/GA/77GA/Legislation/HF/00200/HF00244/970408.html
jhf