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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