Text: S05637                            Text: S05639
Text: S05600 - S05699                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index



Senate Amendment 5638

Amendment Text

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

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