Text: HF02263 Text: HF02265 Text: HF02200 - HF02299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 260C.28, subsection 2, Code 1997, is 1 2 amended to read as follows: 1 3 2. However, the board of directors may annually certify 1 4 for levy a tax on taxable property in the merged area at a 1 5 rate in excess of the three cents per thousand dollars of 1 6 assessed valuation specified under subsection 1 if the excess 1 7 tax levied does not cause the total rate certified to exceed a 1 8 rate ofninefifteen cents per thousand dollars of assessed 1 9 valuation, and the excess revenue generated is used for 1 10 purposes of program sharing between community colleges or for 1 11 the purchase of instructional equipment. Programs that are 1 12 shared shall be designed to increase student access to 1 13 community college programs and to achieve efficiencies in 1 14 program delivery at the community colleges, including, but not 1 15 limited to, the programs described under sections 260C.45 and 1 16 260C.46. Prior to expenditure of the excess revenues 1 17 generated under this subsection, the board of directors shall 1 18 obtain the approval of the director of the department of 1 19 education. 1 20 EXPLANATION 1 21 This bill provides for an increase in the voter-approved 1 22 community college equipment replacement levy. Code section 1 23 260C.28 currently provides for two community college equipment 1 24 replacement levies – a levy of up to three cents per $1,000 1 25 of assessed valuation which the board of directors may 1 26 certify, and an additional voter-approved levy which, when 1 27 added to the three cent maximum levy, shall not exceed nine 1 28 cents per $1,000 of assessed valuation. This bill increases 1 29 the maximum amount able to be levied subject to voter approval 1 30 to an amount which, when added to the three cent nonvoter- 1 31 approved levy, shall not exceed 15 cents per $1,000 of 1 32 assessed valuation. 1 33 LSB 4110YH 77 1 34 rn/jw/5
Text: HF02263 Text: HF02265 Text: HF02200 - HF02299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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