Text: SF00055 Text: SF00057 Text: SF00000 - SF00099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 260C.22, subsection 4, unnumbered 1 2 paragraph 2, Code 1997, is amended to read as follows: 1 3 The revenues derived from the levies shall be placed in a 1 4 separate cash reserve fund. Notwithstanding subsection 3, 1 5 moneys from the cash reserve fund established by a merged area 1 6 under subsection 3 or this subsection shall be used only to 1 7 alleviate temporary cash shortages and for the acquisition, 1 8 lease, lease-purchase, installation, and maintenance of 1 9 instructional technology equipment, including hardware and 1 10 software, materials and supplies, and staff development and 1 11 training related to instructional technology. If moneys from 1 12 the cash reserve fund are used to alleviate a temporary cash 1 13 shortage, the cash reserve fund shall be reimbursed 1 14 immediately from the general fund of the community college as 1 15 funds in the general fund become available, but in no case 1 16 later than June 30 of the current fiscal year, to repay the 1 17 funds taken from the cash reserve fund. 1 18 EXPLANATION 1 19 This bill permits the board of directors of any merged area 1 20 to use revenues derived from the merged area's cash reserve 1 21 levy for the acquisition, lease, lease-purchase, installation, 1 22 and maintenance of instructional technology equipment, 1 23 including hardware and software, materials and supplies, and 1 24 staff development and training related to instructional 1 25 technology. Currently, a board can use the revenues only to 1 26 relieve temporary cash shortages, and must reimburse the cash 1 27 reserve fund from the general fund of the community college 1 28 when funds become available. The bill does not require 1 29 reimbursement of the fund when revenues are used for purposes 1 30 related to instructional technology. 1 31 LSB 1718SS 77 1 32 kh/jj/8
Text: SF00055 Text: SF00057 Text: SF00000 - SF00099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
© 1997 Cornell College and League of Women Voters of Iowa
Comments? webmaster@legis.iowa.gov.
Last update: Wed Feb 25 03:40:03 CST 1998
URL: /DOCS/GA/77GA/Legislation/SF/00000/SF00056/970123.html
jhf