Text: HSB00236 Text: HSB00238 Text: HSB00200 - HSB00299 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 298.2, subsection 1, Code 1997, is 1 2 amended to read as follows: 1 3 1. A physical plant and equipment levy of not exceeding 1 4 one dollar and sixty-seven cents per thousand dollars of 1 5 assessed valuation in the district is established except as 1 6 otherwise provided in this subsection. The physical plant and 1 7 equipment levy consists of the regular physical plant and 1 8 equipment levy of not exceeding thirty-three cents per 1 9 thousand dollars of assessed valuation in the district and a 1 10 voter-approved physical plant and equipment levy of not 1 11 exceedingsixty-sevenone dollar and thirty-four cents per 1 12 thousand dollars of assessed valuation in the district. 1 13 However, the voter-approved physical plant and equipment levy 1 14 may consist of a combination of a physical plant and equipment 1 15 property tax levy and a physical plant and equipment income 1 16 surtax as provided in subsection 3 with the maximum amount 1 17 levied and imposed limited to an amount that could be raised 1 18 by asixty-sevenone dollar and thirty-four cent property tax 1 19 levy. The levy limitations of this subsection are subject to 1 20 subsection 5. 1 21 Sec. 2. Section 298.2, Code 1997, is amended by adding the 1 22 following new subsection: 1 23 NEW SUBSECTION. 1A. If the electors of a school district 1 24 have authorized a voter-approved physical plant and equipment 1 25 levy not exceeding sixty-seven cents per thousand dollars of 1 26 assessed valuation in the district prior to July 1, 1997, the 1 27 levy shall continue for the period authorized under the voter- 1 28 approved levy, and the maximum levy that can be authorized by 1 29 the electors under the voter-approved levy on or after July 1, 1 30 1997, under this section, is an additional sixty-seven cents 1 31 for a period to coincide with the remainder of the period for 1 32 which the initial physical plant and equipment levy in the 1 33 district was approved. 1 34 EXPLANATION 1 35 The bill increases the voter approved physical plant and 2 1 equipment levy from 67 cents to $1.34 cents per $1,000 of 2 2 assessed value. The bill applies to voter approved levies 2 3 which are approved on or after July 1, 1997. 2 4 The bill provides that a school district that already has a 2 5 voter approved levy at the old rate of 67 cents per $1,000 of 2 6 assessed value will continue at that rate for the duration of 2 7 the period authorized unless the voters approve an additional 2 8 67 cents per $1,000 of assessed value levy during the 2 9 authorized period. 2 10 LSB 2730YC 77 2 11 rn/cf/24
Text: HSB00236 Text: HSB00238 Text: HSB00200 - HSB00299 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
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