House Journal: Page 1879: Friday, May 4, 2001
Amendment H-1960 was adopted.
Boal of Polk asked and received unanimous consent to withdraw
amendment H-2005 filed by her, Finch of Story and Grundberg of
Polk from the floor.
Hatch of Polk asked and received unanimous consent to withdraw
amendment H-1955 filed by him on May 3, 2001.
Boal of Polk offered amendment H-2008 filed by her, Finch of Story
and Grundberg of Polk from the floor as follows:
H-2008
1 Amend House File 755 as follows:
2 1. Page 10, by inserting after line 24, the
3 following:
4 "Sec. 150. Section 403.19, subsection 2, Code
5 2001, is amended to read as follows:
6 2. That portion of the taxes each year in excess
7 of such amount shall be allocated to and when
8 collected be paid into a special fund of the
9 municipality to pay the principal of and interest on
10 loans, moneys advanced to, or indebtedness, whether
11 funded, refunded, assumed, or otherwise, including
12 bonds issued under the authority of section 403.9,
13 subsection 1, incurred by the municipality to finance
14 or refinance, in whole or in part, an urban renewal
15 project within the area, and to provide assistance for
16 low and moderate income family housing as provided in
17 section 403.22, except that taxes for the regular and
18 voter-approved physical plant and equipment levy of a
19 school district imposed pursuant to section 298.2 and
20 taxes for the payment of bonds and interest of each
21 taxing district must be collected against all taxable
22 property within the taxing district without limitation
23 by the provisions of this subsection. However, all or
24 a portion of the taxes for the physical plant and
25 equipment levy shall be paid by the school district to
26 the municipality if the municipality auditor certifies
27 to the school district by July 1 the amount of such
28 levy that is necessary to pay the principal and
29 interest on indebtedness incurred bonds issued by the
30 municipality to finance an urban renewal project,
31 which indebtedness was incurred bonds were issued
32 before July 1, 2000 2001. Indebtedness incurred to
33 refund bonds issued prior to July 1, 2001, shall not
34 be included in the certification. Such school
35 district shall pay over the amount certified by
© 2001 Cornell College and
League of Women Voters of Iowa
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