Text: S03239 Text: S03241 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 infrastructure tax capacity, 1 24 statewide infrastructure tax capacity, and 1 25 infrastructure tax capacity inequity for each school 1 26 district located in whole or in part in a county that 1 27 has imposed the local sales and services tax for 1 28 school infrastructure purposes 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) "Infrastructure tax capacity" means for a 1 34 school district the estimated amount of revenues that 1 35 a school district receives or would receive if the 1 36 regular physical plant and equipment levy of thirty- 1 37 three cents per thousand dollars is imposed divided by 1 38 the school district's actual enrollment. 1 39 (3) "Infrastructure tax capacity inequity" means 1 40 the amount that a school district's infrastructure tax 1 41 capacity is less than the statewide infrastructure tax 1 42 capacity. If a school district's infrastructure tax 1 43 capacity exceeds the statewide infrastructure tax 1 44 capacity, the school district does not have an 1 45 inequity. 1 46 (4) "Statewide infrastructure tax capacity" means 1 47 the amount determined by estimating the total revenues 1 48 that would be generated by a regular physical plant 1 49 and equipment levy of thirty-three cents per thousand 1 50 dollars if imposed by all the school districts during 2 1 the budget year and dividing this estimated revenue 2 2 amount by the sum of the combined actual enrollment 2 3 for all school districts. 2 4 3. The appropriations credited in a fiscal year to 2 5 the appropriations account of the secure an advanced 2 6 vision for education fund shall be distributed as a 2 7 supplemental school infrastructure amount as follows: 2 8 a. The department of education shall compute the 2 9 infrastructure tax capacity inequity of each school 2 10 district located in whole or in part in a county that 2 11 has imposed the tax under this chapter. 2 12 b. The department of revenue and finance, in 2 13 conjunction with the department of education, shall 2 14 distribute to the extent sufficient funds are 2 15 available a supplemental school infrastructure amount 2 16 to each school district that has an infrastructure tax 2 17 capacity inequity. The amount of the supplemental 2 18 school infrastructure amount distributed shall be an 2 19 amount equal to the school district's infrastructure 2 20 tax capacity inequity. If sufficient funds are not 2 21 available, the director of revenue and finance shall 2 22 distribute to the school district with the highest 2 23 infrastructure tax capacity inequity an amount equal 2 24 to such inequity. Any additional funds shall then be 2 25 distributed to the school district with the next 2 26 highest inequity. Any additional funds will then be 2 27 distributed to the next school district in descending 2 28 order of inequity until the funds have all been 2 29 distributed. 2 30 4. Moneys received by a school district as a 2 31 supplemental school infrastructure amount shall be 2 32 used solely for school infrastructure purposes and 2 33 shall not be used to reduce any property tax levy." 2 34 #4. Page 11, line 10, by striking the words and 2 35 figure "2, paragraph "b"" and inserting the following: 2 36 "3". 2 37 2 38 2 39 2 40 STEVEN H. WARNSTADT 2 41 SF 445.703 80 2 42 mg/cl
Text: S03239 Text: S03241 Text: S03200 - S03299 Text: S Index Bills and Amendments: General Index Bill History: General Index
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