Text: HF02421 Text: HF02423 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 331.434, Code 2003, is amended by 1 2 adding the following new subsection: 1 3 NEW SUBSECTION. 5A. If, after the budget has been 1 4 certified, but before June 20 following certification of the 1 5 budget, the general assembly passes and the governor signs a 1 6 bill reducing an appropriation to local governments and such 1 7 reduction would cause revenue listed in a county budget to be 1 8 less than that certified, the county may recertify its budget 1 9 and the needed taxes, notwithstanding subsection 5, to reflect 1 10 the reduction in revenue to be received. A budget and taxes 1 11 recertified pursuant to this subsection shall be recertified 1 12 by June 30. 1 13 Sec. 2. Section 331.434, subsection 7, Code 2003, is 1 14 amended to read as follows: 1 15 7.TaxesExcept as otherwise provided in subsection 5A, 1 16 taxes levied by a county whose budget is certified after March 1 17 15 shall be limited to the prior year's budget amount. 1 18 However, this penalty may be waived by the director of the 1 19 department of management if the county demonstrates that the 1 20 March 15 deadline was missed because of circumstances beyond 1 21 the control of the county. 1 22 Sec. 3. Section 384.16, Code 2003, is amended by adding 1 23 the following new subsection: 1 24 NEW SUBSECTION. 5A. If, after the budget has been 1 25 certified, but before June 20 following certification of the 1 26 budget, the general assembly passes and the governor signs a 1 27 bill reducing an appropriation to local governments and such 1 28 reduction would cause revenue listed in a city budget to be 1 29 less than that certified, the city may recertify its budget 1 30 and the needed levy of taxes, notwithstanding subsection 5, to 1 31 reflect the reduction in revenue to be received. A budget and 1 32 levy of taxes recertified pursuant to this subsection shall be 1 33 recertified by June 30. 1 34 Sec. 4. Section 384.16, subsection 6, Code 2003, is 1 35 amended to read as follows: 2 1 6.TaxesExcept as otherwise provided in subsection 5A, 2 2 taxes levied by a city whose budget is certified after March 2 3 15 shall be limited to the prior year's budget amount. 2 4 However, this penalty may be waived by the director of the 2 5 department of management if the city demonstrates that the 2 6 March 15 deadline was missed because of circumstances beyond 2 7 the control of the city. 2 8 Sec. 5. EFFECTIVE AND APPLICABILITY DATE. This Act, being 2 9 deemed of immediate importance, takes effect upon enactment 2 10 and applies to fiscal years beginning on or after July 1, 2 11 2004. 2 12 EXPLANATION 2 13 This bill allows a city or county that has certified its 2 14 budget to recertify the budget if, before June 20, the general 2 15 assembly enacts a bill reducing an appropriation to local 2 16 governments that causes the revenue to be received under the 2 17 certified budget to be less than the amount certified. The 2 18 bill provides that the budget must be recertified by June 30. 2 19 The bill takes effect upon enactment and applies to fiscal 2 20 years beginning on or after July 1, 2004. 2 21 LSB 5989HH 80 2 22 sc/gg/14
Text: HF02421 Text: HF02423 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
© 2004 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Mar 11 03:30:27 CST 2004
URL: /DOCS/GA/80GA/Legislation/HF/02400/HF02422/040303.html
jhf