House Journal: Page 1398: Thursday, April 11, 2002
41 such bonds, as provided in subsection 2, the school
42 district is not required to pay over the revenue to
43 the municipality. If a school district and a
44 municipality are unable to agree on the amount of
45 physical plant and equipment revenue certified by the
46 municipality for the fiscal year beginning July 1,
47 2001, either party may request that the state appeal
48 board review and finally pass upon the amount that may
49 be certified. Such appeals must be presented in
50 writing to the state appeal board no later than July
Page 8
1 31 following certification. The burden shall be on
2 the municipality to prove that the physical plant and
3 equipment levy revenue is necessary to pay principal
4 and interest on bonds issued prior to July 1, 2001. A
5 final decision must be issued by the state appeal
6 board no later than the following October 1.
7 b. All or a portion of the taxes for the
8 instructional support levy shall be paid by the school
9 district to the municipality if the auditor certifies
10 to the school district by July 1 the amount of such
11 levy that is necessary to pay the principal and
12 interest on bonds issued by the municipality to
13 finance an urban renewal project, which bonds were
14 issued before July 1, 2002. Indebtedness incurred to
15 refund bonds issued prior to July 1, 2002, shall not
16 be included in the certification. Such school district
17 shall pay over the amount certified by November 1 and
18 May 1 of the fiscal year following certification to
19 the school district. For any fiscal year, a
20 municipality shall not certify to the county auditor
21 for a school district more than the amount the
22 municipality certified for the fiscal year beginning
23 July 1, 2002. If for any fiscal year a municipality
24 fails to certify to the county auditor for a school
25 district by July 1 the amount of instructional support
26 property tax revenue necessary for payment of
27 principal and interest on such bonds, as provided in
28 subsection 2, the school district is not required to
29 pay over the revenue to the municipality. If a school
30 district and a municipality are unable to agree on the
31 amount of instructional support property tax revenue
32 certified by the municipality for the fiscal year
33 beginning July 1, 2002, either party may request that
34 the state appeal board review and finally pass upon
35 the amount that may be certified. Such appeals must
36 be presented in writing to the state appeal board no
37 later than July 31 following certification. The
38 burden shall be on the municipality to prove that the
39 instructional support property tax revenue is
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League of Women Voters of Iowa
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