Text: S03525                            Text: S03527
Text: S03500 - S03599                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

Senate Amendment 3526

Amendment Text

PAG LIN
  1  1    Amend House File 772, as amended, passed, and
  1  2 reprinted by the House, as follows:  
  1  3    #1.  Page 21, by inserting after line 22 the
  1  4 following:
  1  5    "Sec.    .  Section 8.57, subsection 5, paragraph
  1  6 e, Code 1999, is amended to read as follows:
  1  7    e.  Notwithstanding provisions to the contrary in
  1  8 sections 99D.17 and 99F.11, for each of the fiscal
  1  9 years in the fiscal period beginning July 1, 1995, and
  1 10 July 1, 1996, ending June 30, 1999, not more than a
  1 11 total of sixty million dollars; for the fiscal year
  1 12 beginning July 1, 1999, not more than fifty million
  1 13 dollars; and for the fiscal year beginning July 1,
  1 14 2000, and for each fiscal year thereafter, not more
  1 15 than forty million dollars; shall be deposited in the
  1 16 general fund of the state in any fiscal year pursuant
  1 17 to sections 99D.17 and 99F.11.  The total moneys in
  1 18 excess of the moneys deposited in the general fund in
  1 19 a fiscal year shall be deposited in the infrastructure
  1 20 fund and shall be used as provided in this section,
  1 21 notwithstanding section 8.60."
  1 22    #2.  Page 29, by inserting after line 5 the
  1 23 following:
  1 24    "Sec.    .  NEW SECTION.  256.29  PHYSICAL PLANT
  1 25 AND EQUIPMENT LEVY STATE AID PROGRAM – APPROPRIATION.
  1 26    1.  There is appropriated from the rebuild Iowa
  1 27 infrastructure fund to the department of education the
  1 28 following amounts for the following fiscal years for
  1 29 allocation to school districts under the physical
  1 30 plant and equipment levy state aid program:
  1 31    a.  For the fiscal year beginning July 1, 1999, and
  1 32 ending June 30, 2000, the sum of ten million dollars.
  1 33    b.  For the fiscal year beginning July 1, 2000, and
  1 34 ending June 30, 2001, the sum of twenty million
  1 35 dollars.
  1 36    c.  It is the intent of the general assembly to
  1 37 increase by ten million dollars annually the amount
  1 38 appropriated in paragraph "b", until the total amount
  1 39 appropriated annually for purposes of the physical
  1 40 plant and equipment levy state aid program reaches
  1 41 fifty million dollars.
  1 42    2.  The purpose of the physical plant and equipment
  1 43 levy state aid program is to provide a means for Iowa
  1 44 schools to reduce their long-term borrowing costs and
  1 45 thus reduce costs to taxpayers.  A school district
  1 46 shall expend funds received pursuant to this section
  1 47 for a project as defined in subsection 3.
  1 48    3.  For purposes of this section, "project" means
  1 49 any undertaking by a school district for which
  1 50 expenditures are authorized under chapter 298,
  2  1 including all costs and expenses associated with
  2  2 authorization for, and commencement of, a project.
  2  3 "School district" means a public school corporation
  2  4 organized under chapter 274.
  2  5    4.  The department shall determine the physical
  2  6 plant and equipment levy state aid per pupil by
  2  7 multiplying the regular program state cost per pupil
  2  8 by five percent minus the district assessed valuation
  2  9 per budget pupil multiplied by thirty-three cents per
  2 10 one thousand dollars assessed valuation.  The total
  2 11 physical plant and equipment levy state aid shall be
  2 12 determined by multiplying the district's budget
  2 13 enrollment for the budget year by the district's
  2 14 physical plant and equipment levy state aid per pupil.
  2 15 However, if the amount appropriated in subsection 1
  2 16 for a given year is insufficient to provide the full
  2 17 amount of physical plant and equipment levy state aid,
  2 18 the amount of physical plant and equipment levy state
  2 19 aid allocated to each district from the appropriation
  2 20 made in subsection 1 shall be equal to the percentage
  2 21 that the physical plant and equipment levy state aid
  2 22 for the district bears to the total amount of physical
  2 23 plant and equipment levy state aid of all districts in
  2 24 the state.
  2 25    5.  For each year in which an appropriation is made
  2 26 to the physical plant and equipment levy state aid
  2 27 program, the allocation to each school district shall
  2 28 be made in one payment on or about October 15 of the
  2 29 fiscal year for which the appropriation is made,
  2 30 taking into consideration the relative budget and cash
  2 31 position of the state resources.  Moneys received
  2 32 under this section shall not be commingled with state
  2 33 aid payments made under section 257.16 to a school
  2 34 district and shall be accounted for by the local
  2 35 school district separately from state aid payments.
  2 36 Payments made to school districts under this section
  2 37 are miscellaneous income for purposes of chapter 257."
  2 38    #3.  By renumbering, relettering, and redesignating
  2 39 as necessary.  
  2 40 
  2 41 
  2 42                               
  2 43 MICHAEL E. GRONSTAL 
  2 44 DENNIS H. BLACK 
  2 45 STEVEN D. HANSEN 
  2 46 ROBERT E. DVORSKY 
  2 47 BILL FINK 
  2 48 MIKE CONNOLLY 
  2 49 MARK SHEARER 
  2 50 PATRICIA HARPER 
  3  1 MATT McCOY 
  3  2 EUGENE S. FRAISE 
  3  3 JOHNIE HAMMOND 
  3  4 BETTY A. SOUKUP 
  3  5 JOHN JUDGE 
  3  6 TOM FLYNN 
  3  7 JOE BOLKCOM 
  3  8 ELAINE SZYMONIAK 
  3  9 HF 772.218 78
  3 10 nh/gg

Text: S03525                            Text: S03527
Text: S03500 - S03599                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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