Text: HF00718 Text: HF00720 Text: HF00700 - HF00799 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 8.57, subsection 5, paragraph e, Code 1 2 1997, is amended to read as follows: 1 3 e. Notwithstanding provisions to the contrary in sections 1 4 99D.17 and 99F.11, for the fiscal years beginning July 1, 1 5 1995, and July 1, 1996, not more than a total of sixty million 1 6 dollars; and for each fiscal year thereafter; shall be 1 7 deposited in the general fund of the state in any fiscal year 1 8 pursuant to sections 99D.17 and 99F.11.The total moneys1 9 Moneys in excess of the moneys deposited in the general fund 1 10 in a fiscal year shall be allocated as follows: 1 11 (1) The first sixty million dollars shall be deposited in 1 12 the rebuild Iowa infrastructure fund and shall be used as 1 13 provided in this section, notwithstanding section 8.60. 1 14 (2) The next forty million dollars shall be allocated as 1 15 follows: 1 16 (i) Twenty-five percent shall be transferred to the 1 17 department of education for use in accordance with section 1 18 257.13 until the end of the fiscal year beginning July 1, 1 19 2000. 1 20 (ii) Seventy-five percent shall be deposited in the 1 21 rebuild architectural necessities for today's schools fund 1 22 established in section 257D.2 until the end of the fiscal year 1 23 beginning July 1, 2000. Beginning with the fiscal year 1 24 beginning July 1, 2000, one hundred percent shall be deposited 1 25 in the rebuild architectural necessities for today's schools 1 26 fund. 1 27 (3) Any remaining moneys shall be deposited in the rebuild 1 28 Iowa infrastructure fund. 1 29 Sec. 2. Section 99F.11, unnumbered paragraph 1, Code 1997, 1 30 is amended to read as follows: 1 31 A tax is imposed on the adjusted gross receipts received 1 32 annually from gambling games authorized under this chapter at 1 33 the rate of five percent on the first one million dollars of 1 34 adjusted gross receipts, at the rate of ten percent on the 1 35 next two million dollars of adjusted gross receipts, and at 2 1 the rate of twenty percent on any amount of adjusted gross 2 2 receipts over three million dollars. However, beginning 2 3 January 1,19971998, the rate on any amount of adjusted gross 2 4 receipts over three million dollars from gambling games at 2 5 racetrack enclosures istwenty-twothirty-six percentand2 6shall increase by two percent each succeeding calendar year2 7until the rate is thirty-six percent. The taxes imposed by 2 8 this section shall be paid by the licensee to the treasurer of 2 9 state within ten days after the close of the day when the 2 10 wagers were made and shall be distributed as follows: 2 11 Sec. 3. NEW SECTION. 257.13 ON-TIME FUNDING FOR NEW 2 12 STUDENTS. 2 13 1. If a school district's actual enrollment for the budget 2 14 year, determined under section 257.6, is greater than its 2 15 budget enrollment for the budget year, the school district may 2 16 submit a request to the school budget review committee for on- 2 17 time funding for the increase in the number of students. The 2 18 school budget review committee shall consider the relative 2 19 increase in enrollment on a district-by-district basis, in 2 20 determining whether to approve the request, and shall 2 21 determine the amount of additional funding provided if the 2 22 request is granted. An application for on-time funding must 2 23 be received by the department of education by October 1. 2 24 Written notice of the committee's decision shall be given 2 25 through the department of education to the school board for a 2 26 school district. 2 27 2. If the school budget review committee approves a 2 28 request for on-time funding for the increase in the number of 2 29 students, the funding shall be in an amount up to the product 2 30 of one-third of the state cost per pupil for the budget year 2 31 multiplied by the difference between the actual enrollment for 2 32 the budget year and the budget enrollment for the budget year. 2 33 The additional funding received under this section is 2 34 miscellaneous income to the school district. 2 35 3. Additional funding authorized under this section shall 3 1 be paid to school districts in monthly installments beginning 3 2 on December 15 and ending on June 15 of a budget year from 3 3 funds allocated to the department under section 8.57. If the 3 4 requests approved by the school budget review committee exceed 3 5 the appropriation in section 8.57, the payments to school 3 6 districts receiving approval for on-time funding shall be 3 7 prorated such that each school district approved for on-time 3 8 funding shall receive an amount of on-time funding equal to 3 9 the percentage that the on-time funding approved for the 3 10 district bears to the total amount of on-time funding approved 3 11 for all districts. 3 12 4. If the board of directors of a school district 3 13 determines that a need exists for additional funds exceeding 3 14 the amount provided in this section, a request for 3 15 supplemental aid based upon increased enrollment may be 3 16 submitted to the school budget review committee as provided in 3 17 section 257.31, subsection 5. 3 18 5. A school district which is receiving a budget 3 19 adjustment for a budget year pursuant to section 257.14 shall 3 20 not be eligible to receive on-time funding for the increase in 3 21 the number of students for that budget year. 3 22 Sec. 4. NEW SECTION. 257D.1 TITLE. 3 23 This chapter may be cited as the "School Vertical 3 24 Infrastructure Funding Act". 3 25 Sec. 5. NEW SECTION. 257D.2 REBUILD ARCHITECTURAL 3 26 NECESSITIES FOR TODAY'S SCHOOLS FUND. 3 27 1. A rebuild architectural necessities for today's schools 3 28 fund is created within the state treasury under the control of 3 29 the department of education. The fund shall consist of moneys 3 30 deposited in the fund in accordance with section 8.57, and any 3 31 other moneys available to and obtained or accepted by the 3 32 department from the federal government or private sources for 3 33 placement in the fund. The assets of the funds shall be used 3 34 by the department for carrying out the purposes of sections 3 35 257D.3 and 257D.4. 4 1 2. Recaptures of grants made pursuant to section 257D.3, 4 2 repayment of loans made pursuant to section 257D.4, and 4 3 interest earned on moneys in the fund shall be deposited in 4 4 the fund. Section 8.33 does not apply to any moneys in the 4 5 fund. 4 6 3. The fund is subject to an annual audit by the auditor 4 7 of state. Moneys in the fund, which may be subject to 4 8 warrants written by the director of revenue and finance, shall 4 9 be drawn upon the written requisition of the director of the 4 10 department of education or an authorized representative of the 4 11 director. 4 12 4. As used in this chapter, "vertical infrastructure" has 4 13 the same meaning as in section 8.57, subsection 5, except that 4 14 "vertical infrastructure" does not include recreational 4 15 trails. 4 16 Sec. 6. NEW SECTION. 257D.3 SCHOOL VERTICAL 4 17 INFRASTRUCTURE MATCHING GRANT PROGRAM. 4 18 1. The department of education shall establish a school 4 19 vertical infrastructure matching grant program. The program 4 20 shall make matching grants to eligible school districts for 4 21 vertical infrastructure projects within the school district 4 22 from the rebuild architectural necessities for today's schools 4 23 fund. For the fiscal year beginning July 1, 1997, the total 4 24 amount of grants shall not exceed ten million dollars. For 4 25 the fiscal period beginning July 1, 1998, and ending June 30, 4 26 2001, the total amount of grants shall not exceed twenty 4 27 million dollars per fiscal year. For the fiscal years 4 28 beginning on or after July 1, 2001, and each subsequent fiscal 4 29 year the total amount of grants shall not exceed thirty 4 30 million dollars. The department shall allocate fifty percent 4 31 of the moneys available for grants to be distributed October 1 4 32 and fifty percent of the moneys available for grants to be 4 33 distributed on April 1 of each year. The director of the 4 34 department shall recommend rules to the state board of 4 35 education regarding the administration of the program. The 5 1 board shall adopt rules pursuant to chapter 17A which include, 5 2 but are not limited to, all of the following: 5 3 a. That a school district certify that the district is 5 4 seeking a bond issue under chapter 298 to finance vertical 5 5 infrastructure projects in the district and transmit to the 5 6 department a description of the projects to be funded through 5 7 the bond issue. 5 8 b. That the school district apply for the grant not later 5 9 than five days following action by the board of directors of 5 10 the district to adopt the bond resolution and place the bond 5 11 issue before the voters of the district. 5 12 c. The content of the grant application. 5 13 d. Procedures for the review of grant applications. 5 14 2. The department shall review each grant application and 5 15 approve, request modification of, or reject the application 5 16 and notify the district of the department's decision within 5 17 ten days of the date the application is received by the 5 18 department. Matching grants are contingent on the approval of 5 19 a bond issue by the voters of a school district. Matching 5 20 grants which are not made due to the failure of a school 5 21 district to approve a bond issue shall remain in the fund and 5 22 be available for award to another district. 5 23 3. The department shall award matching grants for vertical 5 24 infrastructure projects in accordance with the following 5 25 priorities: 5 26 a. Projects that reduce or eliminate known life safety 5 27 violations shall receive the highest priority. 5 28 b. Cooperative education projects involving the purchase 5 29 or construction of vertical infrastructure, including joint 5 30 facilities acquired pursuant to an agreement entered into 5 31 under chapter 28E, shall receive second highest priority. In 5 32 evaluating cooperative projects, preference shall be given in 5 33 the following order: 5 34 (1) Projects involving joint libraries and media centers. 5 35 (2) Recreational facilities. 6 1 (3) Congregate meal and elder care recreation facilities 6 2 adjacent to or part of a school building utilizing school 6 3 kitchen or recreational facilities. 6 4 (4) Iowa communication network facilities. 6 5 (5) Other facilities jointly operated and maintained by 6 6 cities, counties, school corporations, or the state board of 6 7 regents under chapter 28E. 6 8 c. Projects connecting schools to the Iowa communications 6 9 network shall receive third priority. 6 10 4. The maximum matching grant awarded to any school 6 11 district shall be five million dollars. A school district may 6 12 receive only one matching grant in any five-year period. 6 13 Sec. 7. NEW SECTION. 257D.4 SCHOOL INFRASTRUCTURE 6 14 REVOLVING LOAN PROGRAM. 6 15 1. A school infrastructure revolving loan program is 6 16 created in the department of education to be funded from the 6 17 rebuild architectural necessities for today's schools fund. 6 18 For the fiscal year beginning July 1, 1997, the department 6 19 shall allocate twenty million dollars for the purposes of the 6 20 program. For the fiscal year beginning July 1, 1998, and each 6 21 subsequent fiscal year, the department shall allocate ten 6 22 million dollars for the purposes of the program. 6 23 2. The revolving loan program shall provide matching 6 24 revolving loans to school districts for vertical 6 25 infrastructure projects. The director of the department shall 6 26 recommend rules to the state board of education regarding the 6 27 administration of the program. The board shall adopt rules 6 28 pursuant to chapter 17A which include at least the following: 6 29 a. Criteria for awarding loans, including interest to be 6 30 charged on the loan, if any, repayment periods for loans, the 6 31 maximum amount of a loan. 6 32 b. Loan application requirements. 6 33 c. Procedures for the review of loan applications. The 6 34 rules shall provide for the prioritization of awards for 6 35 loans, with projects which will correct life safety violations 7 1 in school buildings receiving the highest priority. The 7 2 department, may establish other criteria prioritizing projects 7 3 which shall be lower in priority than life safety projects. 7 4 3. The department shall review each loan application and 7 5 approve, request modification of, or reject the application 7 6 and notify the district. Matching loans may be made 7 7 contingent upon the school district issuing bonds to fund the 7 8 vertical infrastructure project for which the loan was 7 9 awarded. 7 10 Sec. 8. EFFECTIVE DATE. Section 3 of this Act, being 7 11 deemed of immediate importance, takes effect upon enactment 7 12 for the purpose of computations required for payment of state 7 13 aid to school districts for budget years beginning on or after 7 14 July 1, 1997. Section 3 of this Act remains in effect until 7 15 the repeal of chapter 257 on July 1, 2001. 7 16 EXPLANATION 7 17 The bill does the following: 7 18 1. Code section 8.57 is amended to provide that the first 7 19 $60 million of lottery and gambling revenues above that 7 20 deposited in the general fund of the state shall be deposited 7 21 in the rebuild Iowa infrastructure fund. The next $40 million 7 22 shall be allocated to the department of education to fund the 7 23 on-time funding for new students in new Code section 257.13 7 24 and the rebuild architectural necessities for today's schools 7 25 fund in new Code section 257D.2. Any remaining moneys shall 7 26 be deposited in the rebuild Iowa infrastructure fund. 7 27 2. Code section 99F.11 is amended to increase the adjusted 7 28 gross receipts tax on gambling games at racetracks, if over $3 7 29 million, from 22 percent to 36 percent. Currently, this tax 7 30 is increasing by two percent each year until it reaches 36 7 31 percent. 7 32 New Code section 257.13 is created which provides that if 7 33 the actual enrollment of a school district exceeds the budget 7 34 enrollment for the budget year, the district can receive 7 35 additional funding attributable to the increased enrollment. 8 1 The amount of the additional funding shall be determined by 8 2 the school budget review committee, up to an amount equal to 8 3 one-third of the regular program state cost per pupil for the 8 4 budget year multiplied by the difference between the actual 8 5 and budget enrollment figures for the budget year. The 8 6 additional funding is classified as miscellaneous income. 8 7 Requests for on-time funding may be submitted to the school 8 8 budget review committee. The committee shall consider 8 9 requests on an individual district-by-district basis. 8 10 Requests must be received by the department of education by 8 11 October 1. Additional amounts may be requested by a school 8 12 district in the form of a request for supplemental aid to the 8 13 school budget review committee pursuant to Code section 8 14 257.31, subsection 5. The new section takes effect upon 8 15 enactment for computation of state aid for the 1997-1998 8 16 school year. 8 17 3. The bill creates chapter 257D, the school vertical 8 18 infrastructure funding Act. Code section 257D.2 establishes 8 19 the rebuild architectural necessities for today's schools fund 8 20 under the control of the department of education. The fund 8 21 shall be funded by lottery and gambling tax proceeds under 8 22 section 8.57 and any other available moneys. Moneys remaining 8 23 in the fund at the end of each fiscal year do not revert to 8 24 the general fund of the state. Interest earned on moneys in 8 25 the fund also remains in the fund. The fund is subject to an 8 26 annual audit by the auditor of state. 8 27 Code section 257D.3 provides that the department of 8 28 education shall establish a school vertical infrastructure 8 29 matching grant program. This program will make up to $10 8 30 million in matching grants for the fiscal year beginning July 8 31 1, 1997, make up to $20 million in matching grants for fiscal 8 32 year beginning on or after July 1, 1998, through June 30, 8 33 2001, and make up to $30 million in matching grants for fiscal 8 34 years beginning on or after July 1, 2001, up to $5 million per 8 35 school district for vertical infrastructure projects which are 9 1 to be otherwise funded through school bonds. Fifty percent of 9 2 the moneys available are eligible for distribution each 9 3 October 1 and April 1. 9 4 Matching grants are to be awarded on a priority system with 9 5 known life safety violations receiving the highest priority. 9 6 Cooperative projects with other governmental entities, and 9 7 Iowa communications network facilities are also to be given 9 8 priority. As used in the bill, "vertical infrastructure" 9 9 means the acquisition of land and construction, major 9 10 renovation, and major repair of buildings, all appurtenant 9 11 structures, utilities, and site development. 9 12 A school district may apply to the department for a 9 13 matching grant. The district must certify that it is in the 9 14 process of approving a bond issue and detail the vertical 9 15 infrastructure projects to be funded. The department must 9 16 approve, reject, or request modifications of the application 9 17 and notify the district within 10 days of receiving the 9 18 application, which must be received not later than five days 9 19 after the school district approves the resolution submitting 9 20 the bond issue to the voters in the district. 9 21 Code section 257D.4 provides for the creation of the school 9 22 infrastructure revolving loan program in the department of 9 23 education. The program shall receive $20 million for the 9 24 fiscal year which begins July 1, 1997, and $10 million for 9 25 fiscal year beginning on or after July 1, 1998, to be used for 9 26 revolving infrastructure loans. The program provides matching 9 27 loans to school districts which are planning infrastructure 9 28 projects. 9 29 Matching loans are to be awarded on a priority system with 9 30 life safety violations receiving the highest priority. The 9 31 department may also add other types of projects to its 9 32 priority list. 9 33 A school district is to apply to the department for a 9 34 matching loan. Loans may be made contingent on the passage of 9 35 a bond issue to fund the infrastructure project which receives 10 1 the matching loan. 10 2 LSB 2412YH 77 10 3 mk/jw/5
Text: HF00718 Text: HF00720 Text: HF00700 - HF00799 Text: HF Index Bills and Amendments: General Index Bill History: General Index
Iowa General Assembly
Search: House Bills and Amendments (77th General Assembly)
© 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: Fri Apr 11 03:41:32 CDT 1997
URL: /DOCS/GA/77GA/Legislation/HF/00700/HF00719/970403.html
jhf