Text: HF02340 Text: HF02342 Text: HF02300 - HF02399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 28E.16, Code 1999, is amended to read 1 2 as follows: 1 3 28E.16 ELECTION FOR BONDS. 1 4 When bonds which require a vote of the people are to be 1 5 issued for financing joint facilities of a county and one or 1 6 more cities within the county, pursuant to an agreement made 1 7 under the authority of this chapter, or pursuant to other 1 8 provisions of law, the board of supervisors and the council of 1 9 each city shall arrange for a single election on the question 1 10 of issuing the bonds, but if the county and the cities are 1 11 proposing to make separate bond issues, the ballot shall 1 12 contain separate questions, one to be voted upon by all voters 1 13 of the county, and one or more to be voted upon only by the 1 14 voters of the city which is to make a separate bond issue. 1 15 The applicable bonding provisions of chapters 74, 75, 331 and 1 16 384 shall apply to bonds voted upon or issued pursuant to an 1 17 agreement made under this section. 1 18 Sec. 2. NEW SECTION. 346.26 ALLOCATION OF LOCAL OPTION 1 19 SALES TAX. 1 20 A county or city shall not obligate its local option sales 1 21 tax allocation under section 422B.10 to the authority before 1 22 the voters have approved the imposition of the local option 1 23 sales tax under chapter 422B. 1 24 Sec. 3. Section 346.27, subsection 10, Code 1999, is 1 25 amended to read as follows: 1 26 10. After the incorporation of an authority, and before 1 27 the sale of any issue of revenue bonds, except refunding 1 28 bonds, the authority shall submit in a single countywide 1 29 election to the registered voters of the city and county, at a 1 30 general, primary, or special election called for that purpose, 1 31 the question of whether an authority shall issue and sell 1 32 revenue bonds, stating the amount, for any of the purposes for 1 33 which it is incorporated. An affirmative vote ofa majority1 34 sixty percent of the votes cast on the proposition is required 1 35 to authorize the issuance and sale of revenue bonds. A notice 2 1 of the election shall be published once each week for at least 2 2 two weeks in some newspaper published in the county. The 2 3 notice shall name the time when the question shall be 2 4 submitted, and a copy of the question to be submitted shall be 2 5 posted at each polling place during the day of election. The 2 6 authority shall call this election with the concurrence of 2 7 both incorporating units, and it shall establish the voting 2 8 precincts and polling places, and appoint the election judges, 2 9 and in so doing such election procedures shall be in 2 10 accordance with the provisions of chapters 49 and 50. 2 11 Sec. 4. Section 346.27, subsection 22, Code 1999, is 2 12 amended to read as follows: 2 13 22. When an incorporating unit enters into a lease with 2 14 the authority, the governing body of the incorporating unit 2 15 shall provide by ordinance or resolution for the levy and 2 16 collection of a direct annual tax sufficient to pay the annual 2 17 rent payable under the lease as and when it becomes due and 2 18 payable. The tax shall be levied and collected in like manner 2 19 with the other taxes of the incorporating unit and shall be in 2 20 addition to all other taxes authorized to be levied by that 2 21 incorporating unit.This tax shall not be included within and2 22shall be in addition to any statutory limitation of rate or2 23amount for that incorporating unit.The tax may exceed and be 2 24 in addition to any statutory limitation of rate or amount for 2 25 that incorporating unit if the tax is approved by an 2 26 affirmative vote of sixty percent of the votes cast on a 2 27 proposition approving the increase in the statutory limitation 2 28 on the rate or amount. The fund realized from the tax levy 2 29 shall be set aside for the payment of the annual rent and 2 30 shall not be disbursed for any other purpose until the annual 2 31 rental has been paid in full. 2 32 EXPLANATION 2 33 This bill requires cities and counties to follow the 2 34 applicable bonding procedures when issuing bonds for 2 35 construction or acquisition of a building constructed or 3 1 acquired jointly by a city and county. The bill increases to 3 2 60 percent the majority necessary to approve issuance of 3 3 revenue bonds for a joint facility and allows a city or county 3 4 to exceed its statutory property tax rate limit to fund joint 3 5 facility bonds approved by a 60 percent majority. 3 6 Finally, the bill provides that a city or county's 3 7 allocation of local option sales tax revenues shall not be 3 8 obligated for construction or acquisition of a joint facility 3 9 until the voters of the city or county have approved 3 10 imposition of the sales tax in their jurisdiction. 3 11 LSB 6162YH 78 3 12 sc/as/5
Text: HF02340 Text: HF02342 Text: HF02300 - HF02399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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