Text: HF00723 Text: HF00725 Text: HF00700 - HF00799 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 15.355 HOUSING COUNCILS.
1 2 1. A county retaining any real estate transfer tax
1 3 receipts in addition to the initial seventeen and one-fourth
1 4 percent retained by a county pursuant to section 428A.8, shall
1 5 use the additional receipts for housing projects and programs
1 6 throughout the county as identified in the housing needs
1 7 assessment.
1 8 2. A housing council, encompassing one or more counties,
1 9 may be established and, if established, may coordinate housing
1 10 programs in the entire county of each participating county and
1 11 encourage the formation of partnerships regarding housing, and
1 12 shall make recommendations on the use of the additional
1 13 receipts for housing projects in the entire county of each
1 14 participating county.
1 15 3. For purposes of this section, the membership of a
1 16 housing council shall include a broad range of individuals and
1 17 organizations from the entire county of each participating
1 18 county with representation from each of the following:
1 19 a. The board of supervisors of each county included in the
1 20 housing council.
1 21 b. The city council of cities located within the counties
1 22 included in the housing council.
1 23 c. Nonprofit organizations involved in housing issues.
1 24 d. Lending institutions.
1 25 e. Any other organizations involved in the housing
1 26 industry.
1 27 f. Any interested citizens of the counties included in the
1 28 housing council.
1 29 4. Each county participating in a housing council shall
1 30 complete a housing needs assessment if one has not already
1 31 been completed.
1 32 5. Any county which retains annually more than one hundred
1 33 thousand dollars in real estate transfer tax receipts pursuant
1 34 to section 428A.8, is prohibited from applying for financial
1 35 assistance under the local housing assistance program
2 1 established in section 15.353.
2 2 6. Any county which retains real estate transfer tax
2 3 receipts in addition to the initial seventeen and one-fourth
2 4 percent retained by a county pursuant to section 428A.8, shall
2 5 submit a report to the department of economic development and
2 6 the Iowa finance authority by January 31 of the following
2 7 year. The report shall be in a form prescribed by the
2 8 department of economic development and shall include
2 9 information required by the department. The report shall
2 10 include, but not be limited to, an itemized accounting of the
2 11 use of such receipts, the use of any moneys received under the
2 12 local housing assistance program, whether the housing goals of
2 13 the county were met, and an evaluation of moneys spent in
2 14 relation to the housing needs assessment.
2 15 Sec. 2. Section 428A.8, Code 1999, is amended to read as
2 16 follows:
2 17 428A.8 REMITTANCE TO STATE TREASURER – PORTION RETAINED
2 18 IN COUNTY.
2 19 On or before the tenth day of each month the county
2 20 recorder shall determine and pay to the treasurer of state
2 21 eighty-two and three-fourths percent of the receipts from the
2 22 real estate transfer tax collected during the preceding month
2 23 and the treasurer of state shall deposit ninety-five percent
2 24 of the receipts in the general fund of the state and transfer
2 25 five percent of the receipts to the shelter assistance fund
2 26 created in section 15.349.
2 27 The county recorder shall deposit the remaining seventeen
2 28 and one-fourth percent of the receipts in the county general
2 29 fund.
2 30 However, if the county is a member of a housing council as
2 31 provided in section 15.355 and a housing needs assessment has
2 32 been completed as required by section 15.355, the county
2 33 recorder shall not pay to the treasurer of state the eighty-
2 34 two and three-fourths percent of the total receipts collected
2 35 during the preceding month. Instead, the county recorder
3 1 shall pay to the treasurer of state thirty-two and three-
3 2 fourths percent of the total receipts collected during the
3 3 preceding month, which shall be deposited and transferred by
3 4 the treasurer of state as otherwise provided in this section,
3 5 and shall retain for the county fifty percent of the total
3 6 receipts collected during the preceding month.
3 7 The county recorder shall keep records and make reports
3 8 with respect to the real estate transfer tax as the director
3 9 of revenue and finance prescribes.
3 10 EXPLANATION
3 11 This bill provides that a housing council, encompassing one
3 12 or more counties, may be established and, if established may
3 13 coordinate housing programs in the entire county of each
3 14 participating county and encourage the formation of
3 15 partnerships regarding housing, and shall make recommendations
3 16 regarding the funding of housing projects. The bill provides
3 17 that membership on a housing council shall include individuals
3 18 and organizations from each participating county with
3 19 representation from a broad range of local housing interests.
3 20 The bill requires each county participating in a housing
3 21 council to complete a housing needs assessment.
3 22 The bill provides that if a county is a member of a housing
3 23 council and has completed a housing needs assessment, the
3 24 county shall retain 50 percent of the total receipts from the
3 25 real estate transfer tax collected during the preceding month
3 26 in addition to the 17 and one-fourth percent that the county
3 27 already retains. The bill provides that the additional 50
3 28 percent of the real estate transfer tax receipts retained by a
3 29 county shall be used for housing projects in the county. The
3 30 bill provides that if a county retains more than $100,000
3 31 annually in receipts, the county is prohibited from applying
3 32 for financial assistance under the local housing assistance
3 33 program. The bill requires any county which retains real
3 34 estate transfer tax receipts in addition to the initial 17 and
3 35 one-fourth percent retained by a county to submit an annual
4 1 report to the department of economic development and the Iowa
4 2 finance authority regarding the use of the receipts.
4 3 LSB 2139YH 78
4 4 tm/gg/8.1
Text: HF00723 Text: HF00725 Text: HF00700 - HF00799 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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