Text: S03236 Text: S03238 Text: S03200 - S03299 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 445 as follows: 1 2 #1. By striking page 5, line 34, through page 6, 1 3 line 4 and inserting following: 1 4 "e. The amount of tax receipts credited to the 1 5 account within the secure an advanced vision for 1 6 education fund maintained in the name of a school 1 7 district shall be distributed to that school district 1 8 as provided in paragraphs "a", "b", and "c". Any 1 9 additional moneys available to the school district 1 10 from the fund shall be determined and distributed as a 1 11 supplemental school infrastructure amount as provided 1 12 in section 422E.3A, subsection 3." 1 13 #2. Page 6, line 25, by inserting after the word 1 14 "fund." the following: "Appropriations made to the 1 15 fund shall be credited to a separate appropriations 1 16 account." 1 17 #3. By striking page 6, line 28 through page 10, 1 18 line 5 and inserting the following: 1 19 "2. a. For purposes of the distributions in 1 20 subsection 3, the department of education, in 1 21 consultation with the departments of management and 1 22 revenue and finance, shall compute by June 1 preceding 1 23 each budget year the uniform levy capacity, statewide 1 24 uniform levy capacity, and property tax capacity 1 25 inequity for each school district located in whole or 1 26 in part in a county that has imposed the local sales 1 27 and services tax for school infrastructure purposes 1 28 under this chapter. 1 29 (1) "Actual enrollment" for a school district 1 30 means the actual enrollment as reported by October 1 1 31 to the department of management by the department of 1 32 education pursuant to section 257.6, subsection 1. 1 33 (2) "Property tax capacity inequity" means the 1 34 amount that a school district's uniform levy capacity 1 35 is less than the statewide uniform levy capacity. If 1 36 a school district's uniform levy capacity exceeds the 1 37 statewide uniform levy capacity, the school district 1 38 does not have an inequity. 1 39 (3) "Statewide uniform levy capacity" means the 1 40 total amount raised by all school districts in the 1 41 state by the uniform levy of five dollars and forty 1 42 cents per thousand dollars of assessed valuation 1 43 divided by the combined actual enrollment of all 1 44 school districts in the state. 1 45 (4) "Uniform levy capacity" means for a school 1 46 district the amount raised by the school district's 1 47 uniform levy of five dollars and forty cents per 1 48 thousand dollars of assessed valuation divided by the 1 49 actual enrollment of the school district. 1 50 3. The appropriations credited in a fiscal year to 2 1 the appropriations account of the secure an advanced 2 2 vision for education fund shall be distributed as a 2 3 supplemental school infrastructure amount as follows: 2 4 a. The department of education shall compute the 2 5 property tax capacity inequity of each school district 2 6 located in whole or in part in a county that has 2 7 imposed the tax under this chapter. 2 8 b. The department of revenue and finance, in 2 9 conjunction with the department of education, shall 2 10 distribute to the extent sufficient funds are 2 11 available a supplemental school infrastructure amount 2 12 to each school district that has a property tax 2 13 capacity inequity. The amount of the supplemental 2 14 school infrastructure amount distributed shall be an 2 15 amount equal to the school district's property tax 2 16 capacity inequity. If sufficient funds are not 2 17 available, the director of revenue and finance shall 2 18 distribute to the school district with the highest 2 19 property tax capacity inequity an amount equal to such 2 20 inequity. Any additional funds shall then be 2 21 distributed to the school district with the next 2 22 highest inequity. Any additional funds will then be 2 23 distributed to the next school district in descending 2 24 order of inequity until the funds have all been 2 25 distributed. 2 26 4. Moneys received by a school district as a 2 27 supplemental school infrastructure amount shall be 2 28 used solely for school infrastructure purposes and 2 29 shall not be used to reduce any property tax levy." 2 30 #4. Page 11, line 10, by striking the words and 2 31 figure "2, paragraph "b"" and inserting the following: 2 32 "3". 2 33 2 34 2 35 2 36 STEVEN H. WARNSTADT 2 37 SF 445.306 80 2 38 mg/cf
Text: S03236 Text: S03238 Text: S03200 - S03299 Text: S Index Bills and Amendments: General Index Bill History: General Index
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