Text: HF02431 Text: HF02433 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 260C.26 DISTRIBUTION OF FUNDS
1 2 APPROPRIATED.
1 3 1. For the fiscal year beginning July 1, 1998, and for
1 4 each succeeding fiscal year, moneys appropriated from the
1 5 general fund of the state to the department of education for
1 6 community colleges for general state financial aid, including
1 7 general financial aid to merged areas in lieu of personal
1 8 property taxes, and for vocational education programs in
1 9 accordance with chapters 258 and 260C shall be allocated as
1 10 provided in this section.
1 11 2. For purposes of this section:
1 12 a. "Base amount" means for each community college for the
1 13 fiscal year beginning July 1, 1998, the amount allocated to
1 14 the community college from the appropriation made in 1997 Iowa
1 15 Acts, chapter 212, section 7, subsection 17. "Base amount"
1 16 means for each community college for fiscal years beginning on
1 17 or after July 1, 1999, the amount allocated to the community
1 18 college for the previous fiscal year for similar general state
1 19 financial aid.
1 20 b. "Credit hour" means twenty-five contact hours as
1 21 reported to the department of education on July 1 of the
1 22 previous year.
1 23 c. "Inflation factor" means for any fiscal year the
1 24 percentage, if any, by which the average of the consumer price
1 25 index for all urban consumers as of the close of the twelve-
1 26 month period ending on October 30 of the previous fiscal year
1 27 exceeds the consumer price index for all urban consumers as of
1 28 October 30 of the fiscal year prior to the previous fiscal
1 29 year as published by the United States department of labor.
1 30 3. Moneys referred to in subsection 1 shall be allocated
1 31 to each community college in an amount equal to the sum of and
1 32 in the order of the following:
1 33 a. One hundred two percent of the base amount. If the
1 34 amount appropriated is insufficient to allocate one hundred
1 35 two percent of the base amount to all community colleges, each
2 1 community college shall receive a pro rata share of the amount
2 2 available based upon the ratio of the community college's base
2 3 amount to the total combined base amounts.
2 4 b. After allocation under paragraph "a", one percent of
2 5 the total combined base amounts of all community colleges
2 6 multiplied by the percent the community college's total credit
2 7 hours are of the combined total credit hours of all community
2 8 colleges. If the amount appropriated is insufficient to
2 9 allocate one percent of the total combined base amounts to all
2 10 community colleges, each community college shall receive a pro
2 11 rata share of the amount available based upon the ratio of the
2 12 community college's total credit hours to the combined total
2 13 credit hours of all community colleges.
2 14 c. After allocation under paragraphs "a" and "b", the
2 15 excess, if any, that the inflation factor exceeds two percent
2 16 multiplied by the base amount. If the amount appropriated is
2 17 insufficient to allocate the amount under this paragraph to
2 18 all community colleges, each community college shall receive a
2 19 pro rata share of the amount available based upon the ratio of
2 20 the community college's base amount to the total combined base
2 21 amounts of all community colleges.
2 22 d. After allocation under paragraphs "a", "b", and "c",
2 23 any moneys remaining from the amount appropriated shall be
2 24 allocated to each community college in a pro rata amount based
2 25 upon the ratio of the community college's total credit hours
2 26 to the combined total credit hours of all community colleges.
2 27 EXPLANATION
2 28 This bill establishes a state general aid appropriation
2 29 distribution formula for community colleges. The formula was
2 30 developed and agreed to by the department of education, the
2 31 Iowa association of community college presidents, and the Iowa
2 32 association of community college trustees.
2 33 The formula provides that the base funding is equal to the
2 34 amount each community college received as a state general fund
2 35 allocation in the most recent fiscal year, provides community
3 1 colleges with an increase of not less than 2 percent of the
3 2 previous year allocation to compensate for inflation, and the
3 3 balance of the growth in state aid appropriations, up to 1
3 4 percent of combined base amounts, shall be distributed based
3 5 on each college's proportional share of enrollment.
3 6 The inflation increase shall be not less than 2 percent.
3 7 However, the inflation increase shall be equal to the national
3 8 inflation rate, if it exceeds 2 percent, if the amount of
3 9 state aid appropriated is equal to or greater than the
3 10 national inflation rate. The national inflation rate is based
3 11 upon the United States department of labor's consumer price
3 12 index.
3 13 The bill provides that if the appropriation made exceeds
3 14 the previous year's level by the inflation rate, plus 1
3 15 percent, then all remaining moneys are to be allocated to the
3 16 colleges based upon their proportional share of enrollment.
3 17 LSB 4029HH 77
3 18 mg/cf/24
Text: HF02431 Text: HF02433 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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