Text: HF00605 Text: HF00607 Text: HF00600 - HF00699 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 256.100 SCHOOL INFRASTRUCTURE
1 2 ASSISTANCE PROGRAM.
1 3 1. There is appropriated from the rebuild Iowa
1 4 infrastructure fund to the department of education for each
1 5 fiscal year the sum of twenty million dollars for the school
1 6 infrastructure assistance program, to be administered by the
1 7 department.
1 8 2. A school district is eligible for school infrastructure
1 9 assistance if all of the following requirements are met:
1 10 a. A voter-approved physical plant and equipment levy of
1 11 at least one dollar per thousand dollars of assessed valuation
1 12 is in place for the school district pursuant to section 298.2.
1 13 b. The board of directors of the school district has
1 14 issued voter-authorized school bonds pursuant to section
1 15 298.21, subsection 2, for erection, completion, or improvement
1 16 of a building authorized for school purposes. The department
1 17 shall adopt rules providing for eligibility of a school
1 18 district that has proposed such a bond issue to be voted on by
1 19 the electors in the district within the fiscal year,
1 20 contingent upon approval of the bond issue.
1 21 3. The department shall allocate the moneys appropriated
1 22 for a fiscal year pursuant to subsection 1 to eligible school
1 23 districts that submit an application for assistance to the
1 24 department by October 1 of the fiscal year. The department
1 25 shall adopt rules concerning the contents of an application.
1 26 4. The department shall allocate moneys to an eligible
1 27 school district in the proportion that the basic enrollment of
1 28 the district bears to the sum of the basic enrollments of all
1 29 eligible school districts. An eligible school district may
1 30 receive funds under this section for up to ten years.
1 31 Assistance received by a school district under this section is
1 32 miscellaneous income for purposes of chapter 257. Moneys
1 33 allocated to a school district under this section shall be
1 34 deposited in the district's capital project fund and used for
1 35 erection, completion, or improvement of a building or
2 1 buildings authorized for school purposes.
2 2 5. The department shall adopt rules to administer this
2 3 section.
2 4 Sec. 2. Section 298A.9, Code 1999, is amended to read as
2 5 follows:
2 6 298A.9 CAPITAL PROJECT FUNDS.
2 7 A capital project fund must be established in any school
2 8 corporation which issues bonds or other authorized
2 9 indebtedness for capital projects or which initiates a capital
2 10 project, or which receives grants or other funds for capital
2 11 projects. Boards are authorized to establish more than one
2 12 capital project fund as necessary. Any balance remaining in a
2 13 capital project fund after the capital project is completed
2 14 may be retained for future capital projects in accordance with
2 15 the original purpose of the bond issue or voter-approved levy;
2 16 or may be transferred, by board resolution, to the debt
2 17 service fund, the physical plant and equipment levy fund, or
2 18 other fund from which the surplus originated; or transferred
2 19 to the general fund in accordance with section 278.1,
2 20 subsection 5. Moneys received by a school district as school
2 21 infrastructure assistance under section 256.100 shall be
2 22 deposited in a capital project fund and shall be used by the
2 23 district on a continuing basis for projects which comply with
2 24 section 256.100.
2 25 EXPLANATION
2 26 This bill creates new Code section 256.100 to provide a
2 27 standing appropriation to the department of education to be
2 28 allocated to eligible school districts for school
2 29 infrastructure assistance. A school district is eligible for
2 30 assistance if the school district has a voter-approved
2 31 physical plant and equipment levy of at least one dollar per
2 32 $1,000 of assessed valuation in the district and the district
2 33 has approved a school bond issue for the erection, completion,
2 34 or improvement of a school building.
2 35 The bill provides that eligible school districts may submit
3 1 an application for school infrastructure assistance by October
3 2 1 of a fiscal year. The department is to allocate assistance
3 3 moneys to an eligible school district that applies for
3 4 assistance in the proportion that the basic enrollment of the
3 5 district bears to the sum of the basic enrollments of all
3 6 eligible school districts that apply for assistance. A school
3 7 district may receive school infrastructure assistance for up
3 8 to 10 years.
3 9 The bill also provides that school infrastructure
3 10 assistance may be used by a school district for erection,
3 11 completion, or improvement of a school building. The
3 12 department is to adopt rules to administer the new section.
3 13 Code section 298A.9 is also amended to provide that moneys
3 14 received by a school district as school infrastructure
3 15 assistance under new Code section 256.100 shall be deposited
3 16 in a capital project fund and may be used by the district on a
3 17 continuing basis for projects which comply with Code section
3 18 256.100.
3 19 LSB 2598YH 78
3 20 nh/jw/5
Text: HF00605 Text: HF00607 Text: HF00600 - HF00699 Text: HF Index Bills and Amendments: General Index Bill History: General Index
© 1999 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Jan 27 03:35:14 CST 2000
URL: /DOCS/GA/78GA/Legislation/HF/00600/HF00606/990310.html
jhf