Text: SF00530 Text: SF00532 Text: SF00500 - SF00599 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 SENATE FILE 531 1 2 1 3 AN ACT 1 4 RELATING TO THE INCREASE IN THE PHYSICAL PLANT AND 1 5 EQUIPMENT LEVY. 1 6 1 7 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 1 8 1 9 Section 1. Section 298.2, subsection 1, Code 1997, is 1 10 amended to read as follows: 1 11 1. A physical plant and equipment levy of not exceeding 1 12 one dollar and sixty-seven cents per thousand dollars of 1 13 assessed valuation in the district is established except as 1 14 otherwise provided in this subsection. The physical plant and 1 15 equipment levy consists of the regular physical plant and 1 16 equipment levy of not exceeding thirty-three cents per 1 17 thousand dollars of assessed valuation in the district and a 1 18 voter-approved physical plant and equipment levy of not 1 19 exceedingsixty-sevenone dollar and thirty-four cents per 1 20 thousand dollars of assessed valuation in the district. 1 21 However, the voter-approved physical plant and equipment levy 1 22 may consist of a combination of a physical plant and equipment 1 23 property tax levy and a physical plant and equipment income 1 24 surtax as provided in subsection 3 with the maximum amount 1 25 levied and imposed limited to an amount that could be raised 1 26 by asixty-sevenone dollar and thirty-four cent property tax 1 27 levy. The levy limitations of this subsection are subject to 1 28 subsection 5. 1 29 Sec. 2. Section 298.2, Code 1997, is amended by adding the 1 30 following new subsection: 1 31 NEW SUBSECTION. 1A. If the electors of a school district 1 32 have authorized a voter-approved physical plant and equipment 1 33 levy not exceeding sixty-seven cents per thousand dollars of 1 34 assessed valuation in the district prior to July 1, 1997, the 1 35 levy shall continue for the period authorized under the voter- 2 1 approved levy, and the maximum levy that can be authorized by 2 2 the electors under the voter-approved levy on or after July 1, 2 3 1997, under this section, is an additional sixty-seven cents 2 4 for a period to coincide with the period for which the initial 2 5 physical plant and equipment levy in the district was 2 6 approved. 2 7 Sec. 3. Section 298.3, Code 1997, is amended by adding the 2 8 following new unnumbered paragraph: 2 9 NEW UNNUMBERED PARAGRAPH. Revenue from the regular and 2 10 voter-approved physical plant and equipment levies shall not 2 11 be expended for school district employee salaries or travel 2 12 expenses, supplies, printing costs or media services, or for 2 13 any other purpose not expressly authorized in this section. 2 14 2 15 2 16 2 17 MARY E. KRAMER 2 18 President of the Senate 2 19 2 20 2 21 2 22 RON J. CORBETT 2 23 Speaker of the House 2 24 2 25 I hereby certify that this bill originated in the Senate and 2 26 is known as Senate File 531, Seventy-seventh General Assembly. 2 27 2 28 2 29 2 30 MARY PAT GUNDERSON 2 31 Secretary of the Senate 2 32 Approved , 1997 2 33 2 34 2 35 3 1 TERRY E. BRANSTAD 3 2 Governor
Text: SF00530 Text: SF00532 Text: SF00500 - SF00599 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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