Text: SF02182 Text: SF02184 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 260C.17, Code 2001, is amended to read 1 2 as follows: 1 3 260C.17 PREPARATION AND APPROVAL OF BUDGET – TAX. 1 4 The board of directors of each merged area shall prepare an 1 5 annual budget designating the proposed expenditures for 1 6 operation of the community college. The board shall further 1 7 designate the amounts which are to be raised by local taxation 1 8 and the amounts which are to be raised by other sources of 1 9 revenue for the operation. The budget of each merged area 1 10 shall be submitted to the state board no later than May 1 1 11 preceding the next fiscal year for approval. The state board 1 12 shall review the proposed budget and shall, prior to June 1, 1 13 either grant its approval or return the budget without 1 14 approval with the comments of the state board attached to it. 1 15 Any unapproved budget shall be resubmitted to the state board 1 16 for final approval. Upon approval of the budget by the state 1 17 board, the board of directors shall certify the amount to the 1 18 respective county auditors.and the1 19 1. Upon such certification, the boards of supervisors 1 20 annually shall levy a tax of twenty and one-fourth cents per 1 21 thousand dollars of assessed value on taxable property in a 1 22 merged area for the operation of a community college. Taxes 1 23 collected pursuant to the levy shall be paid by the respective 1 24 county treasurers to the treasurer of the merged area as 1 25 provided in section 331.552, subsection 29. 1 26It is the policy of this state that the property tax for1 27the operation of community colleges shall not in any event1 28exceed twenty and one-fourth cents per thousand dollars of1 29assessed value, and that the present and future costs of such1 30operation in excess of the funds raised by such levy shall be1 31the responsibility of the state and shall not be paid from1 32property tax.1 33 2. In addition to the tax authorized in subsection 1, the 1 34 voters in any merged area may at the annual school election 1 35 vote a tax not exceeding one dollar per thousand dollars of 2 1 assessed value in any one year for a period not to exceed ten 2 2 years for the operation of a community college. Taxes 2 3 collected pursuant to this levy shall be paid by the 2 4 respective county treasurers to the treasurer of the merged 2 5 area as provided in section 331.552, subsection 29, and added 2 6 to amounts collected pursuant to subsection 1. 2 7 EXPLANATION 2 8 This bill provides for the imposition of a voter-approved 2 9 tax levy for operation of a community college. The bill 2 10 provides that voters in a merged area may at the annual school 2 11 election vote a tax not exceeding $1 per $1,000 of assessed 2 12 value in any one year for a period not to exceed 10 years for 2 13 the operation of a community college. The bill provides that 2 14 the taxes collected shall be paid by county treasurers to the 2 15 merged area in the same manner as the existing board- 2 16 authorized annual tax levy. The bill deletes language which 2 17 had provided that state policy dictates that levies for the 2 18 operation of community colleges shall not exceed 20.25 cents 2 19 per $1,000 of assessed value, and that costs of such operation 2 20 in excess of the funds raised by such levy shall be the 2 21 responsibility of the state and shall not be paid from 2 22 property tax. 2 23 LSB 6330XS 79 2 24 rn/pj/5
Text: SF02182 Text: SF02184 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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