Text: SF02042 Text: SF02044 Text: SF02000 - SF02099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. POOLED TECHNOLOGY ACCOUNT – TRANSFER TO
1 2 VOCATIONAL-TECHNICAL TECHNOLOGY IMPROVEMENT PROGRAM.
1 3 1. Notwithstanding section 8.57, subsection 5, paragraph
1 4 "c", there is appropriated from the rebuild Iowa
1 5 infrastructure fund to the pooled technology account
1 6 established in the office of the treasurer of state under the
1 7 control of the information technology department, for the
1 8 fiscal year beginning July 1, 2002, and ending June 30, 2003,
1 9 the following amount, or so much thereof as is necessary,
1 10 which shall be allocated to the department of education and
1 11 used for the purpose designated:
1 12 For transfer to the community college vocational-technical
1 13 technology improvement program authorized in chapter 260A:
1 14 .................................................. $ 3,000,000
1 15 2. Moneys appropriated pursuant to subsection 1 shall be
1 16 distributed to a community college in an amount which shall be
1 17 computed as follows:
1 18 a. The department shall determine the state valuation per
1 19 student by determining the total taxable value of the property
1 20 assessed in the merged areas for taxes payable in fiscal year
1 21 2003, and dividing that number by the state's total community
1 22 college enrollment.
1 23 b. The department shall determine for each community
1 24 college the community college valuation per full-time
1 25 equivalent student by determining the total taxable value of
1 26 the property assessed in a merged area for taxes payable in
1 27 fiscal year 2003 and dividing that number by the community
1 28 college's total enrollment.
1 29 c. The department shall determine the amount of state
1 30 assistance per full-time equivalent student by dividing the
1 31 moneys appropriated in subsection 1 by the state's total
1 32 community college enrollment.
1 33 d. The department shall determine for each community
1 34 college the amount of community college assistance per full-
1 35 time equivalent student by dividing the amount of state
2 1 valuation per student as determined in paragraph "a" by the
2 2 amount of community college valuation per full-time equivalent
2 3 student as determined in paragraph "b" and multiplying the
2 4 resulting figure by the amount of state assistance per full-
2 5 time equivalent student as determined in paragraph "c".
2 6 3. Calculations shall be based upon property tax
2 7 valuations determined as of January 1, 2002.
2 8 4. Terms used in this section shall have the same meaning
2 9 as terms defined by the department in 281 IAC 21.45(1).
2 10 EXPLANATION
2 11 This bill appropriates $3 million from the rebuild Iowa
2 12 infrastructure fund to the pooled technology account for FY
2 13 2002-2003, and allocates the moneys to the department of
2 14 education for transfer to the community college vocational-
2 15 technical technology improvement program authorized in Code
2 16 chapter 260A. The bill provides for the distribution of the
2 17 moneys to a community college in the proportion that the total
2 18 assessed value of property located in the community college
2 19 merged area bears to the sum of the total assessed value of
2 20 property located in all community college merged areas, based
2 21 upon property tax valuations determined as of January 1, 2002.
2 22 LSB 5519SS 79
2 23 kh/cls/14
Text: SF02042 Text: SF02044 Text: SF02000 - SF02099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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