Text: H01468 Text: H01470 Text: H01400 - H01499 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend the amendment, H-1457, to House File 686 as 1 2 follows: 1 3 #1. Page 2, line 35, by striking the word 1 4 "subsection" and inserting the following: 1 5 "subsections". 1 6 #2. Page 2, line 36, by striking the word "The" 1 7 and inserting the following: "Except as otherwise 1 8 provided in subsection 9, the". 1 9 #3. Page 3, by inserting after line 6, the 1 10 following: 1 11 "NEW SUBSECTION. 9. If an urban renewal plan for 1 12 an urban renewal area is based on a finding that the 1 13 area is a slum or blighted area, the division of taxes 1 14 authorized in section 403.19 shall be deemed to 1 15 continue beyond the period described in subsection 8 1 16 if the ordinance of the municipality providing for the 1 17 division of taxes under section 403.19 within such 1 18 urban renewal area provides that the portion of taxes 1 19 described in section 403.19, subsection 1, and 1 20 allocated as provided in that subsection shall be 1 21 recalculated at the end of the period described in 1 22 subsection 8, and every ten years thereafter, and 1 23 shall be determined from and after said dates based 1 24 upon the assessed value of the taxable property within 1 25 the urban renewal area as of a date five years after 1 26 the date of the assessment roll previously used under 1 27 the ordinance to determine the portion of taxes 1 28 described in section 403.19, subsection 1." 1 29 #4. Page 8, line 19, by inserting after the figure 1 30 "2003." the following: "For purposes of this 1 31 subsection, a municipality may certify for such 1 32 revenue with respect to obligations which, on the 1 33 effective date of this Act, had been authorized to be 1 34 issued or incurred." 1 35 #5. Page 10, line 4, by inserting after the word 1 36 "bonds" the following: ", and also to pay loans, 1 37 advances, indebtedness, and bonds which had been 1 38 authorized to be issued or incurred prior to the 1 39 effective date of this Act". 1 40 1 41 1 42 1 43 KRAMER of Polk 1 44 HF 686.701 80 1 45 sc/cl
Text: H01468 Text: H01470 Text: H01400 - H01499 Text: H Index Bills and Amendments: General Index Bill History: General Index
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