Text: HF02346 Text: HF02348 Text: HF02300 - HF02399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 298.2, Code Supplement 1997, is amended
1 2 by adding the following new subsection:
1 3 NEW SUBSECTION. 7. There is appropriated annually from
1 4 the general fund of the state to the department of management
1 5 for the school budget year beginning July 1, 1998, and
1 6 succeeding budget years, an amount sufficient to equalize the
1 7 regular physical plant and equipment levy across all school
1 8 districts having imposed the regular levy at the rate of one
1 9 hundred twenty-eight dollars per pupil. The funds
1 10 appropriated shall be allocated as follows:
1 11 a. For each school district which has imposed the regular
1 12 physical plant and equipment levy pursuant to this section for
1 13 the budget year, the department of management shall, by April
1 14 15 of the base year, determine whether, and the amount by
1 15 which, the regular physical plant and equipment levy property
1 16 tax revenue generated in the school district for the budget
1 17 year falls below the amount of one hundred twenty-eight
1 18 dollars per pupil. In making this determination, the
1 19 department shall utilize the most recent figures available for
1 20 the district's valuation of taxable property and the actual
1 21 enrollment certified to the department by the department of
1 22 education for the base year.
1 23 b. If it is determined that the property tax revenue
1 24 generated by the regular physical plant and equipment levy for
1 25 a school district is less than one hundred twenty-eight
1 26 dollars per pupil, the department of management shall deposit,
1 27 for each school district experiencing a shortfall, an amount
1 28 equal to the difference between the amount of revenue
1 29 generated by the school district pursuant to the regular
1 30 physical plant and equipment levy and the figure of one
1 31 hundred twenty-eight dollars per pupil, to the credit of the
1 32 district in the physical plant and equipment levy fund by
1 33 September 15 of the budget year. Amounts credited shall be
1 34 added to the revenue generated from the regular and, if
1 35 applicable, voter-approved physical plant and equipment levies
2 1 as provided in this section and expended as provided in
2 2 section 298.3.
2 3 EXPLANATION
2 4 This bill provides for an annual appropriation from the
2 5 general fund of the state to the department of management
2 6 sufficient to equalize the regular physical plant and
2 7 equipment levy across all school districts having imposed the
2 8 levy at the rate of $128 per pupil. The department of
2 9 management shall determine by April 15 each year, for school
2 10 districts which have imposed the regular physical plant and
2 11 equipment levy, whether, and the amount by which, the revenue
2 12 generated by the levy falls below $128 per pupil. In making
2 13 this determination, the department shall utilize the most
2 14 recent figures available for the district's valuation of
2 15 taxable property and the actual enrollment certified to the
2 16 department by the department of education for the prior year.
2 17 For school districts having imposed the levy and determined
2 18 to have a revenue shortfall, the department of management
2 19 shall deposit an amount equal to the difference between the
2 20 amount of revenue generated by the school district pursuant to
2 21 the regular physical plant and equipment levy and the figure
2 22 of $128 per pupil, to the credit of the district in the
2 23 physical plant and equipment levy fund. Amounts so credited
2 24 shall be added to the regular and, if applicable, voter-
2 25 approved physical plant and equipment levy revenue and
2 26 expended as provided in Code section 298.3.
2 27 LSB 3334YH 77
2 28 rn/cf/24
Text: HF02346 Text: HF02348 Text: HF02300 - HF02399 Text: HF 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: Wed Mar 4 03:42:35 CST 1998
URL: /DOCS/GA/77GA/Legislation/HF/02300/HF02347/980218.html
jhf