Text: SSB00147 Text: SSB00149 Text: SSB00100 - SSB00199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 16.100, Code 1997, is amended by adding 1 2 the following new subsection: 1 3 NEW SUBSECTION. 1A. a. Moneys transferred to the housing 1 4 improvement fund pursuant to section 428A.8, subsection 1, 1 5 paragraph "a", for the purposes of this paragraph, shall be 1 6 distributed, on a per capita basis according to the latest 1 7 federal decennial census, to each county. 1 8 b. In order to receive moneys under this subsection, a 1 9 county shall be a member of a housing council. The housing 1 10 council shall consist of the supervisors of the county and the 1 11 mayor of each city in the county, or their designees. A 1 12 housing council may represent more than one county and the 1 13 cities within each county and may be an entity formed under 1 14 chapter 28E or an entity under chapter 28H. 1 15 c. The function of the housing council shall be to 1 16 coordinate housing programs in the county including having 1 17 housing needs assessments completed if not already done, 1 18 developing or coordinating a housing plan approved by the 1 19 department of economic development, encouraging the formation 1 20 of partnerships with other governmental entities and public- 1 21 private partnerships regarding housing, and recommending 1 22 funding for projects under the housing plan from moneys 1 23 received under this subsection. 1 24 d. Moneys received under this subsection shall only be 1 25 used for housing programs which facilitate housing 1 26 development, including housing trust funds or programs for the 1 27 rehabilitation or construction of housing. The cost of the 1 28 housing needs assessment may be paid from moneys received 1 29 under this subsection. Moneys not obligated for a project 1 30 recommended by the housing council within one year of transfer 1 31 shall revert to the housing improvement fund. 1 32 e. Counties receiving moneys under this subsection shall 1 33 track the use of the funds by project, program, or activity 1 34 and shall provide a report to the department of economic 1 35 development and the Iowa finance authority regarding the use 2 1 of the funds by December 15 of each year. 2 2 f. Moneys provided under this subsection shall not be used 2 3 to supplant funding for housing programs provided by a city or 2 4 county. 2 5 g. The authority shall adopt rules to administer this 2 6 subsection. 2 7 Sec. 2. Section 428A.8, Code 1997, is amended to read as 2 8 follows: 2 9 428A.8 REMITTANCE TO STATE TREASURER – PORTION RETAINED 2 10 IN COUNTY. 2 11 1. On or before the tenth day of each month the county 2 12 recorder shall determine and pay to the treasurer of state 2 13 eighty-two and three-fourths percent of the receipts from the 2 14 real estate transfer tax collected during the preceding month 2 15 and the treasurer of state shall depositninety-fivethe 2 16 receipts as follows: 2 17 a. Two-thirdspercentof the receiptsin the general fund2 18of the state and transfer five percent of the receiptsshall 2 19 be transferred to the Iowa finance authority for deposit in 2 20 the housing improvement fund created in section 16.100. Of 2 21 the moneys transferred under this paragraph, sixty percent 2 22 shall be used in accordance with section 16.100, subsection 2 23 1A, and forty percent shall be used for the other purposes of 2 24 the housing improvement fund. 2 25 b. One-third of the receipts shall be deposited in the 2 26 general fund of the state. 2 27 2. The county recorder shall deposit the remaining 2 28 seventeen and one-fourth percent of the receipts in the county 2 29 general fund. 2 30 3. The county recorder shall keep records and make reports 2 31 with respect to the real estate transfer tax as the director 2 32 of revenue and finance prescribes. 2 33 EXPLANATION 2 34 This bill provides that two-thirds of the real estate 2 35 transfer tax proceeds currently deposited in the general fund 3 1 of the state, except for five percent of that amount which is 3 2 currently transferred to the Iowa finance authority, shall be 3 3 deposited in the housing trust fund of the Iowa finance 3 4 authority. Sixty percent of the funds transferred to the Iowa 3 5 finance authority shall be used to fund a local housing 3 6 assistance program and 40 percent shall be used for other 3 7 purposes under the housing trust fund. Moneys for the local 3 8 housing assistance program shall be distributed on a per 3 9 capita basis to each county which is a member of a housing 3 10 council. The moneys shall be used for housing development and 3 11 shall shall not supplant existing local resources. 3 12 LSB 2206YC 77 3 13 mk/jj/8
Text: SSB00147 Text: SSB00149 Text: SSB00100 - SSB00199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
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