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Senate File 531

Partial Bill History

Bill Text

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 exceeding sixty-seven one 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 a sixty-seven one 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
     

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