Text: HF00259 Text: HF00261 Text: HF00200 - HF00299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 260C.22, subsection 1, paragraph a, 1 2 Code 2001, is amended to read as follows: 1 3 a. In addition to the tax authorized under section 1 4 260C.17, the voters in any merged area may at the annual 1 5 school election vote a tax not exceedingtwenty and one-fourth1 6 forty and one-half cents per thousand dollars of assessed 1 7 value in any one year for a period not to exceed ten years for 1 8 the purchase of grounds, construction of buildings, payment of 1 9 debts contracted for the construction of buildings, purchase 1 10 of buildings and equipment for buildings, and the acquisition 1 11 of libraries, for the purpose of paying costs of utilities, 1 12 and for the purpose of maintaining, remodeling, improving, or 1 13 expanding the community college of the merged area. If the 1 14 tax levy is approved under this section, the costs of 1 15 utilities shall be paid from the proceeds of the levy. The 1 16 tax shall be collected by the county treasurers and remitted 1 17 to the treasurer of the merged area as provided in section 1 18 331.552, subsection 29. The proceeds of the tax shall be 1 19 deposited in a separate and distinct fund to be known as the 1 20 voted tax fund, to be paid out upon warrants drawn by the 1 21 president and secretary of the board of directors of the 1 22 merged area district for the payment of costs incurred in 1 23 providing the school facilities for which the tax was voted. 1 24 Sec. 2. APPLICABILITY. This Act applies to property taxes 1 25 due and payable for fiscal years beginning on or after July 1, 1 26 2002. 1 27 EXPLANATION 1 28 This bill increases the community college facilities levy 1 29 from 20 1/4 cents to 40 1/2 cents per thousand dollars of 1 30 assessed value. Proceeds of the levy may be used for the 1 31 purchase of grounds or buildings, construction of buildings, 1 32 payment of debt issued for construction of buildings, purchase 1 33 of equipment for buildings, the acquisition of libraries, for 1 34 paying the costs of utilities, and for otherwise maintaining, 1 35 remodeling, improving, or expanding the community college. 2 1 Under current law, the 20 1/4 cent levy is subject to 2 2 approval by the voters. The bill provides that the 40 1/2 2 3 cent levy will be subject to approval by the voters. 2 4 The bill applies to property taxes due and payable for 2 5 fiscal years beginning on or after July 1, 2002. 2 6 LSB 1817HH 79 2 7 sc/pj/5
Text: HF00259 Text: HF00261 Text: HF00200 - HF00299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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