Text: S05637 Text: S05639 Text: S05600 - S05699 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend House File 2530, as passed by the House, as
1 2 follows:
1 3 #1. Page 1, by inserting before line 1 the
1 4 following:
1 5 "Sec. ___. NEW SECTION. 405A.11 REBUILD OUR
1 6 CITIES AND COUNTIES PROGRAM.
1 7 1. A rebuild our cities and counties (ROCC) fund
1 8 is created in the state treasury. The director of
1 9 revenue and finance shall credit the rebuild our
1 10 cities and counties fund with the moneys appropriated
1 11 to the fund as provided in this section. For purposes
1 12 of this section, "revenues generated by the sales tax"
1 13 means the estimated revenue from the gross receipts
1 14 taxed by the state pursuant to chapter 422, division
1 15 IV, as estimated by the revenue estimating conference
1 16 pursuant to section 8.22A in December preceding the
1 17 fiscal year for which the appropriation provided for
1 18 in this subsection shall be made. The moneys credited
1 19 to the ROCC fund shall be apportioned on a per capita
1 20 basis with an equal share allocated to each person
1 21 residing in the state. The share of each person
1 22 residing in a city shall be paid to the treasurer of
1 23 that city. The share allocated to each person
1 24 residing outside the boundaries of a city shall be
1 25 paid to the county treasurer. The population of each
1 26 city shall be determined by the latest federal census.
1 27 The population of each county shall be determined by
1 28 the last federal census excluding the persons residing
1 29 within the boundaries of each city within the county.
1 30 There is appropriated from the general fund of the
1 31 state to the ROCC fund annually the following amounts
1 32 for the designated fiscal years:
1 33 a. For the fiscal year beginning July 1, 1999, an
1 34 amount equal to two percent of the revenues generated
1 35 by the sales tax.
1 36 b. For subsequent fiscal years beginning with July
1 37 1, 2000, the amount of appropriation shall increase an
1 38 additional two percent of the revenues generated by
1 39 the sales tax if the requirements of subsection 2 are
1 40 met. However, the amount appropriated for a fiscal
1 41 year shall not exceed a total of ten percent of the
1 42 revenues generated by the sales tax.
1 43 2. The additional two percent of revenues
1 44 generated by the sales tax, as specified in subsection
1 45 1, shall be appropriated in a fiscal year only if the
1 46 December revenue estimate for the general fund of the
1 47 state for the next succeeding fiscal year exceeds the
1 48 revenue estimate for the general fund of the state for
1 49 the previous fiscal year by at least four percent.
1 50 3. During the budgeting process for each city and
2 1 county, the governing body of the city or county shall
2 2 request public comment, at a public hearing, on the
2 3 expenditure of the moneys received from the rebuild
2 4 our cities and counties fund. After public comment,
2 5 the governing body shall specify the amount of funds
2 6 which will be used for tax relief, including how the
2 7 tax relief will be accomplished and the amount of
2 8 funds which will be appropriated for specific
2 9 programs."
2 10
2 11
2 12
2 13 ROD HALVORSON
2 14 HF 2530.702 77
2 15 tj/sc/28
Text: S05637 Text: S05639 Text: S05600 - S05699 Text: S Index Bills and Amendments: General Index Bill History: General Index
© 1998 Cornell College and League of Women Voters of Iowa
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