House Journal: Page 1794: Thursday, May 3, 2001
Ways and Means Calendar
House File 739, a bill for an act relating to the application of
sales and services tax receipts by a political subdivision to the
payment of principal and interest of certain bonds, was taken up for
consideration.
Eichhorn of Hamilton offered the following amendment H-1752
filed by him and moved its adoption:
H-1752
1 Amend House File 739 as follows:
2 1. Page 1, line 10, by inserting after the word
3 "reduced." the following: "This section shall not
4 restrict the authority of a political subdivision to
5 apply sales and services tax receipts collected
6 pursuant to chapter 422B for such purpose."
Amendment H-1752 was adopted.
Richardson of Warren offered amendment H-1920 filed by him as
follows:
H-1920
1 Amend House File 739 as follows:
2 1. Page 1, line 12, by inserting after the word
3 "collected" the following: "prior to the effective
4 date of this Act".
5 2. Page 1, line 13, by inserting after the word
6 "section." the following: "A school district may also
7 apply amounts received from the school district sales
8 and use tax fund established in section 293.1 for the
9 purposes of this section."
10 3. Page 1, by inserting after line 13, the
11 following:
12 "Sec. . NEW SECTION. 293.1 SCHOOL DISTRICT
13 SALES AND USE TAX FUND.
14 1. A school district sales and use tax fund is
15 created as a separate and distinct fund in the state
16 treasury under the control of the department of
17 revenue and finance. Moneys in the fund include
18 revenues credited to the fund pursuant to section
19 422.69, subsection 2, and section 423.24,
20 appropriations made to the fund and other moneys
21 deposited into the fund. The moneys credited in a
22 fiscal year to the fund shall be distributed as
© 2001 Cornell College and
League of Women Voters of Iowa
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Last update: Fri May 4 13:35:00 CDT 2001
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