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
© 2001 Cornell College and League of Women Voters of Iowa
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