Text: H02004 Text: H02006 Text: H02000 - H02099 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 755 as follows: 1 2 #1. Page 10, by inserting after line 24, the 1 3 following: 1 4 "Sec. 150. Section 403.19, subsection 2, Code 1 5 2001, is amended to read as follows: 1 6 2. That portion of the taxes each year in excess 1 7 of such amount shall be allocated to and when 1 8 collected be paid into a special fund of the 1 9 municipality to pay the principal of and interest on 1 10 loans, moneys advanced to, or indebtedness, whether 1 11 funded, refunded, assumed, or otherwise, including 1 12 bonds issued under the authority of section 403.9, 1 13 subsection 1, incurred by the municipality to finance 1 14 or refinance, in whole or in part, an urban renewal 1 15 project within the area, and to provide assistance for 1 16 low and moderate income family housing as provided in 1 17 section 403.22, except that taxes for the regular and 1 18 voter-approved physical plant and equipment levy of a 1 19 school district imposed pursuant to section 298.2 and 1 20 taxes for the payment of bonds and interest of each 1 21 taxing district must be collected against all taxable 1 22 property within the taxing district without limitation 1 23 by the provisions of this subsection. However, all or 1 24 a portion of the taxes for the physical plant and 1 25 equipment levy shall be paid by the school district to 1 26 the municipality if themunicipalityauditor certifies 1 27 to the school district by July 1 the amount of such 1 28 levy that is necessary to pay the principal and 1 29 interest onindebtedness incurredbonds issued by the 1 30 municipality to finance an urban renewal project, 1 31 whichindebtedness was incurredbonds were issued 1 32 before July 1, 2000. Indebtedness incurred to refund 1 33 bonds issued prior to July 1, 2000, shall not be 1 34 included in the certification. Such school district 1 35 shall pay over the amount certified by November 1 and 1 36 May 1 of the fiscal year following certification to 1 37 the school district. Unless and until the total 1 38 assessed valuation of the taxable property in an urban 1 39 renewal area exceeds the total assessed value of the 1 40 taxable property in such area as shown by the last 1 41 equalized assessment roll referred to in subsection 1, 1 42 all of the taxes levied and collected upon the taxable 1 43 property in the urban renewal area shall be paid into 1 44 the funds for the respective taxing districts as taxes 1 45 by or for the taxing districts in the same manner as 1 46 all other property taxes. When such loans, advances, 1 47 indebtedness, and bonds, if any, and interest thereon, 1 48 have been paid, all moneys thereafter received from 1 49 taxes upon the taxable property in such urban renewal 1 50 area shall be paid into the funds for the respective 2 1 taxing districts in the same manner as taxes on all 2 2 other property. 2 3 Sec. 151. Section 403.19, Code 2001, is amended by 2 4 adding the following new subsection: 2 5 NEW SUBSECTION. 7. For any fiscal year, a 2 6 municipality may certify to the county auditor for 2 7 physical plant and equipment revenue necessary for 2 8 payment of principal and interest on bonds issued 2 9 prior to July 1, 2000, only if the municipality 2 10 certified for such revenue for the fiscal year 2 11 beginning July 1, 2000. A municipality shall not 2 12 certify to the county auditor for a school district 2 13 more than the amount the municipality certified for 2 14 the fiscal year beginning July 1, 2000. If for any 2 15 fiscal year a municipality fails to certify to the 2 16 county auditor for a school district by July 1 the 2 17 amount of physical plant and equipment revenue 2 18 necessary for payment of principal and interest on 2 19 such bonds, as provided in subsection 2, the school 2 20 district is not required to pay over the revenue to 2 21 the municipality. If a school district and a 2 22 municipality are unable to agree on the amount of 2 23 physical plant and equipment revenue certified by the 2 24 municipality for the fiscal year beginning July 1, 2 25 2001, either party may request that the state appeal 2 26 board review and finally pass upon the amount that may 2 27 be certified. Such appeals must be presented in 2 28 writing to the state appeal board no later than July 2 29 31 following certification. The burden shall be on 2 30 the municipality to prove that the physical plant and 2 31 equipment levy revenue is necessary to pay principal 2 32 and interest on bonds issued prior to July 1, 2000. A 2 33 final decision must be issued by the state appeal 2 34 board no later than the following October 1." 2 35 #2. Page 11, by inserting after line 1, the 2 36 following: 2 37 "Sec. . EFFECTIVE AND APPLICABILITY DATES. 2 38 Sections 150 and 151 of this division of this Act, 2 39 being deemed of immediate importance, take effect upon 2 40 enactment and apply to property taxes due and payable 2 41 in fiscal years beginning on or after July 1, 2001." 2 42 2 43 2 44 2 45 BOAL of Polk 2 46 2 47 2 48 2 49 FINCH of Story 2 50 3 1 3 2 3 3 GRUNDBERG of Polk 3 4 HF 755.317 79 3 5 mg/cf
Text: H02004 Text: H02006 Text: H02000 - H02099 Text: H Index Bills and Amendments: General Index Bill History: General Index
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