Text: H09110 Text: H09112 Text: H09100 - H09199 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend the Senate amendment, H-9105, to House File 1 2 2549, as amended, passed, and reprinted by the House, 1 3 as follows: 1 4 #1. Page 14, by striking line 38 and inserting the 1 5 following: 1 6 ".................................................. $ 1,284,586" 1 7 #2. Page 19, by striking lines 23 through 37. 1 8 #3. Page 29, by striking lines 18 through 27. 1 9 #4. Page 31, by inserting after line 17 the 1 10 following: 1 11 "Sec. ___. Section 296.1, Code 1999, is amended to 1 12 read as follows: 1 13 296.1 INDEBTEDNESS AUTHORIZED. 1 14 Subject to the approval of the voters thereof, 1 15 school districts are hereby authorized to contract 1 16 indebtedness and to issue general obligation bonds to 1 17 provide funds to defray the cost of purchasing, 1 18 building, furnishing, reconstructing, repairing, 1 19 improving, or remodeling a schoolhouse or schoolhouses 1 20 and additions thereto, gymnasium, stadium, field 1 21 house, school bus garage, teachers' or 1 22 superintendent's home or homes, and procuring a site 1 23 or sites therefor, or purchasing land to add to a site 1 24 already owned, or procuring and improving a site for 1 25 an athletic field, or improving a site already owned 1 26 for an athletic field, and for any one or more of such 1 27 purposes. Taxes for the payment of said bonds shall 1 28 be levied in accordance with chapter 76, andsaidsuch 1 29 bonds shall mature within a period not exceeding 1 30 twenty years from date of issue, shall bear interest 1 31 at a rate or rates not exceeding that permitted by 1 32 chapter 74A, and shall be of such form as the board of 1 33 directors of such school district shall by resolution 1 34 provide, but the aggregate indebtedness of any school 1 35 district shall not exceed five percent of the actual 1 36 value of the taxable property withinsaidthe school 1 37 district, as ascertained by the last preceding state 1 38 and county tax lists. The bonds may be sold at public 1 39 or private sale at a price as may be determined by the 1 40 board of directors. Such bonds may be sold at not 1 41 less than ninety-eight percent of par or may be 1 42 exchanged for other bonds at not less than ninety- 1 43 eight percent of par. 1 44 Sec. . Section 298.22, unnumbered paragraph 1, 1 45 Code 1999, is amended to read as follows: 1 46 All of said bonds shall be substantially in the 1 47 form provided for county bonds, but subject to changes 1 48 that will conform them to the action of the board 1 49 providing therefor; shall run not more than twenty 1 50 years, and may be sooner paid if so nominated in the 2 1 bond; bear a rate of interest not exceeding that 2 2 permitted by chapter 74A, payable semiannually; be 2 3 signed by the president and countersigned by the 2 4 secretary of the board of directors; andshall not be2 5disposed of for less than par value, nor issued for2 6other purposes than this chapter providesbe sold at 2 7 public or private sale at a price as may be determined 2 8 by the board of directors. Such bonds may be sold at 2 9 not less than ninety-eight percent of par or may be 2 10 exchanged for other bonds at not less than ninety- 2 11 eight percent of par. 2 12 Sec. . Section 422E.4, unnumbered paragraph 1, 2 13 Code Supplement 1999, is amended to read as follows: 2 14 The board of directors of a school district shall 2 15 be authorized to issue negotiable, interest-bearing 2 16 school bonds, without election, and utilize tax 2 17 receipts derived from the sales and services tax for 2 18 school infrastructure purposes for principal and 2 19 interest repayment. Proceeds of the bonds issued 2 20 pursuant to this section shall be utilized solely for 2 21 school infrastructure needs as school infrastructure 2 22 is defined in section 422E.1, subsection 3. Issuance 2 23 of bonds pursuant to this section shall be permitted 2 24 only in a district which has imposed a local sales and 2 25 services tax for school infrastructure purposes 2 26 pursuant to section 422E.2. The provisions of 2 27 sections 298.22 through 298.24 shall apply regarding 2 28 the form, rate of interest, registration, redemption, 2 29 and recording of bond issues pursuant to this section, 2 30 with the exception that the maximum period during 2 31 which principal on the bonds is payable shall not 2 32 exceed a ten-year period, or the date of repeal stated 2 33 on the ballot proposition. Bonds issued pursuant to 2 34 this section may be sold at public or private sale at 2 35 a price as may be determined by the board of directors 2 36 of the school district. Such bonds may be sold at not 2 37 less than ninety-eight percent of par or may be 2 38 exchanged for other bonds at not less than ninety- 2 39 eight percent of par." 2 40 #5. By renumbering, redesignating, and correcting 2 41 internal references as necessary. 2 42 2 43 2 44 2 45 HANSEN of Pottawattamie 2 46 HF 2549.726 78 2 47 kh/cls
Text: H09110 Text: H09112 Text: H09100 - H09199 Text: H Index Bills and Amendments: General Index Bill History: General Index
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