House Journal: Page 1797: Thursday, May 3, 2001
21 state taxable sales during the current fiscal year.
22 (8) "District's county actual enrollment" means the
23 actual enrollment of the school district that attends
24 school in the county for which the county combined
25 actual enrollment is determined.
26 (9) "Taxable sales" means sales subject to the
27 state sales and services tax under chapter 422,
28 division IV.
29 3. a. The director of revenue and finance within
30 fifteen days of the beginning of each fiscal year
31 shall send to each school district an estimate of the
32 amount of tax moneys each school district will receive
33 for the year and for each quarter of the year. At the
34 end of each quarter, the director may revise the
35 estimates for the year and remaining quarters.
36 b. The director shall remit ninety-five percent of
37 the estimated tax receipts for the school district to
38 the school district on or before September 30 of the
39 fiscal year and on or before the last day of each
40 following quarter.
41 c. The director shall remit a final payment of the
42 remainder of tax moneys due for the fiscal year before
43 November 10 of the next fiscal year. If an
44 overpayment has resulted during the previous fiscal
45 year, the November payment shall be adjusted to
46 reflect any overpayment.
47 d. If the distributions are to school districts
48 described in subsection 1, paragraph "a", the payments
49 to these school districts shall be done on a monthly
50 basis beginning with the month of August.
Page 4
1 Sec. . NEW SECTION. 293.2 USE OF SCHOOL
2 DISTRICT SALES AND USE TAX FUND MONEYS.
3 1. A school district receiving moneys from the
4 school district sales and use tax fund under section
5 293.1, subsection 1, paragraph "a", shall use the
6 moneys as provided on the original ballot proposition
7 pursuant to chapter 422E, for the payment of principal
8 and interest on general obligation bonds issued
9 pursuant to chapter 296, or section 298.20 or loan
10 agreements under section 297.36, for payments made
11 pursuant to lease or lease-purchase agreements, or for
12 payment of principal and interest on bonds issued
13 under sections 293.3 and 422E.4.
14 2. a. Moneys received by a school district from
15 the school district sales and use tax fund under
16 section 293.1, subsection 1, paragraph "b", shall be
17 spent for infrastructure purposes only according to a
18 plan developed by the board of directors. The plan
19 may apply to more than one fiscal year. Prior to
© 2001 Cornell College and
League of Women Voters of Iowa
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