Text: S03359 Text: S03361 Text: S03300 - S03399 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 514 as follows: 1 2 #1. Page 1, by inserting before line 3 the 1 3 following: 1 4 "Sec. . Section 25B.2, subsection 3, Code 2001, 1 5 is amended by striking the subsection. 1 6 Sec. . NEW SECTION. 25B.5A UNFUNDED STATE 1 7 MANDATES EFFECT. 1 8 If, on or after July 1, 2001, a state mandate is 1 9 enacted by the general assembly, or otherwise imposed, 1 10 on a political subdivision and the state mandate 1 11 requires a political subdivision to engage in any new 1 12 activity, to provide a new service, or to provide any 1 13 service beyond that required by any law enacted prior 1 14 to July 1, 2001, and the state does not appropriate 1 15 moneys to fully fund the cost of the state mandate as 1 16 identified pursuant to section 25B.5, subsections 1 1 17 and 2, the political subdivision is not required to 1 18 perform the activity or provide the service and the 1 19 political subdivision shall not be subject to any 1 20 liabilities imposed by the state or the imposition of 1 21 any fines or penalties for the failure to comply with 1 22 the state mandate." 1 23 #2. By striking page 5, line 22, through page 21, 1 24 line 31, and inserting the following: 1 25 "Sec. . NEW SECTION. 331.404 COUNTY FINANCIAL 1 26 MANAGEMENT PLAN. 1 27 Each county shall prepare a financial management 1 28 plan for the county for use in budget planning. The 1 29 financial management plan shall contain a set of 1 30 financial policies for use by counties in budget 1 31 planning. The county financial management plan shall 1 32 be prepared in a manner which will assist counties in 1 33 identifying budgeting goals, fiscal and service 1 34 planning strategies, and revenue targets. County 1 35 financial management planning shall be completed on 1 36 forms prepared by the department of management and 1 37 approved by the county finance committee in 1 38 consultation with the Iowa state association of county 1 39 supervisors, the Iowa state association of county 1 40 auditors, and the public. 1 41 Copies of the financial management plan for a 1 42 county shall be maintained as a public record at the 1 43 county auditor's office and shall be filed with the 1 44 state appeal board in the same manner and at the same 1 45 time that certified budgets are filed under section 1 46 24.17. 1 47 Sec. . NEW SECTION. 331.423A ENDING FUND 1 48 BALANCE. 1 49 Effective for a fiscal year beginning on or after 1 50 July 1, 2005, budgeted ending fund balances shall not 2 1 exceed twenty-five percent of actual expenditures in 2 2 the previous fiscal year for either the general fund 2 3 or the rural services fund. An ending fund balance 2 4 does not include funds reserved or designated for a 2 5 specific purpose and specifically described in the 2 6 certified budget. 2 7 Sec. . Section 331.441, subsection 2, Code 2 8 2001, is amended by adding the following new 2 9 paragraph: 2 10 NEW PARAGRAPH. d. "Rural general obligation bond" 2 11 means a negotiable bond issued by a county and payable 2 12 from the levy of ad valorem taxes on all taxable 2 13 property located outside the incorporated areas of the 2 14 county through its debt service fund which is required 2 15 to be established by section 331.430. 2 16 Sec. . NEW SECTION. 331.450 RURAL DEBT 2 17 SERVICE. 2 18 The county board of supervisors may direct the 2 19 county auditor to establish a rural debt service tax 2 20 district for the purpose of issuing general obligation 2 21 bonds for rural county services. The rural debt 2 22 service tax district shall include only unincorporated 2 23 portions of the county. The county's debt service tax 2 24 levy for the rural general obligation bonds shall be 2 25 levied only against taxable property within the county 2 26 which is included within the boundaries of the rural 2 27 debt service tax district. The board may issue rural 2 28 general obligation bonds for general county purposes 2 29 and essential county purposes if such stated purpose 2 30 is primarily intended to benefit those persons 2 31 residing in the county outside of incorporated city 2 32 areas. Rural general obligation bonds for the 2 33 purposes described in this section are subject to an 2 34 election held in the manner provided in section 2 35 331.442, subsections 1 through 4, except that only 2 36 those registered voters residing within the rural 2 37 service area tax district may vote on the proposition. 2 38 Sec. . NEW SECTION. 331.451 LOANS TO CITIES. 2 39 A county may enter into a 28E agreement with one or 2 40 more cities to finance in whole or in part one or more 2 41 projects meeting the definition of a city essential 2 42 corporate purpose or city general corporate purpose. 2 43 The agreement may provide for issuance of general 2 44 obligation bonds by the county the proceeds from which 2 45 will be loaned to the city to finance such a city 2 46 project. The county may require that the repayment 2 47 obligation of a city be secured as the county deems 2 48 appropriate. The repayment obligation may be 2 49 evidenced by one or more notes of a borrowing city. 2 50 The loan agreements may contain terms and conditions 3 1 the county deems advisable. 3 2 The county may provide in the resolution 3 3 authorizing the issuance of bonds that the principal 3 4 and interest on the bonds are payable exclusively from 3 5 any of the following: 3 6 1. The income and receipts or other money derived 3 7 from the project financed with the proceeds of the 3 8 bonds. 3 9 2. The income and receipts or other money derived 3 10 from designated projects whether or not the projects 3 11 are financed in whole or in part with the proceeds of 3 12 the bonds or notes. 3 13 3. A debt service property tax levy imposed by the 3 14 city on the taxable property in the city. 3 15 4. Tax incremental revenues if the project is 3 16 located in an urban renewal area. The county may 3 17 require that a city create an urban renewal area to 3 18 collect incremental tax revenues to secure the loan. 3 19 Bonds proposed to be issued under this section are 3 20 subject to an election held in the manner provided in 3 21 section 331.442, subsections 1 through 4." 3 22 #3. Title page, by striking lines 1 and 2, and 3 23 inserting the following: "An Act relating to local 3 24 government fiscal reform and providing authority for 3 25 bonding." 3 26 3 27 3 28 3 29 PATRICIA HARPER 3 30 3 31 3 32 3 33 JOHNIE HAMMOND 3 34 SF 514.306 79 3 35 sc/cf
Text: S03359 Text: S03361 Text: S03300 - S03399 Text: S Index Bills and Amendments: General Index Bill History: General Index
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