Text: HF02540 Text: HF02542 Text: HF02500 - HF02599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 HOUSE FILE 2541 1 2 1 3 AN ACT 1 4 EXPANDING THE NUMBER OF COUNTIES THAT MAY DESIGNATE 1 5 UNINCORPORATED AREAS CONTAINING PRIVATE LAKES AS RURAL 1 6 IMPROVEMENT ZONES AND SETTING THE LIMITS FOR THE STANDBY 1 7 TAXES IMPOSED IN THOSE ZONES. 1 8 1 9 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 1 10 1 11 Section 1. Section 357H.1, Code 1999, is amended to read 1 12 as follows: 1 13 357H.1 RURAL IMPROVEMENT ZONES. 1 14 The board of supervisors of a county with less thaneleven1 15 eighteen thousand five hundred residentsbut more than ten1 16thousand five hundred residents, based upon the 1990 certified 1 17 federal census, and with a private lake development shall 1 18 designate an area surrounding the lake, if it is an 1 19 unincorporated area of the county, a rural improvement zone 1 20 upon receipt of a petition pursuant to section 357H.2, and 1 21 upon the board's determination that the area is in need of 1 22 improvements. For purposes of this chapter, "improvements" 1 23 means dredging, installation of erosion control measures, land 1 24 acquisition, and related improvements, including soil 1 25 conservation practices, within or outside of the boundaries of 1 26 the zone. 1 27 For purposes of this chapter, "board" means the board of 1 28 supervisors of the county. 1 29 Sec. 2. Section 357H.8, subsection 4, Code 1999, is 1 30 amended to read as follows: 1 31 4. To further secure the payment of the certificates, the 1 32 board of trustees shall, by resolution, provide for the 1 33 assessment of an annual levy of a standby tax upon all taxable 1 34 property within the rural improvement zone. The rate of the 1 35 standby tax shall be not less than fifty cents per thousand 2 1 dollars of the assessed value of the taxable property and not 2 2 more than two dollars and fifty cents per thousand dollars of 2 3 the assessed value of the taxable property. A copy of the 2 4 resolution shall be sent to the county auditor. The revenues 2 5 from the standby tax shall be deposited in a special fund and 2 6 shall be expended only for the payment of principal of and 2 7 interest on the certificates issued as provided in this 2 8 section, when the receipt of tax revenues pursuant to section 2 9 357H.9 is insufficient. If payments are necessary and made 2 10 from the special fund, the amount of the payments shall be 2 11 promptly repaid into the special fund from the first available 2 12 payments received which are not required for the payment of 2 13 principal of or interest on certificates due. No reserves may 2 14 be built up in the special fund in anticipation of a projected 2 15 default. The board of trustees shall adjust the annual 2 16 standby tax levy for each year to reflect the amount of 2 17 revenues in the special fund and the amount of principal and 2 18 interest which is due in that year. 2 19 2 20 2 21 2 22 BRENT SIEGRIST 2 23 Speaker of the House 2 24 2 25 2 26 2 27 MARY E. KRAMER 2 28 President of the Senate 2 29 2 30 I hereby certify that this bill originated in the House and 2 31 is known as House File 2541, Seventy-eighth General Assembly. 2 32 2 33 2 34 2 35 ELIZABETH ISAACSON 3 1 Chief Clerk of the House 3 2 Approved , 2000 3 3 3 4 3 5 3 6 THOMAS J. VILSACK 3 7 Governor
Text: HF02540 Text: HF02542 Text: HF02500 - HF02599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
© 2000 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: Mon Aug 28 13:36:55 CDT 2000
URL: /DOCS/GA/78GA/Legislation/HF/02500/HF02541/000419.html
jhf