Text: SF02125 Text: SF02127 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 260C.17, Code 2003, is amended to read 1 2 as follows: 1 3 260C.17 PREPARATION AND APPROVAL OF BUDGET – TAX. 1 4 The board of directors of each merged area shall prepare an 1 5 annual budget designating the proposed expenditures for 1 6 operation of the community college. The board shall further 1 7 designate the amounts which are to be raised by local taxation 1 8 and the amounts which are to be raised by other sources of 1 9 revenue for the operation. The budget of each merged area 1 10 shall be submitted to the state board no later than May 1 1 11 preceding the next fiscal year for approval. The state board 1 12 shall review the proposed budget and shall, prior to June 1, 1 13 either grant its approval or return the budget without 1 14 approval with the comments of the state board attached to it. 1 15 Any unapproved budget shall be resubmitted to the state board 1 16 for final approval. Upon approval of the budget by the state 1 17 board, the board of directors shall certify the amount to the 1 18 respective county auditors and the boards of supervisors 1 19 annually shall levy a tax oftwenty and one-fourthforty cents 1 20 per thousand dollars of assessed value on taxable property in 1 21 a merged area for the operation of a community college. Taxes 1 22 collected pursuant to the levy shall be paid by the respective 1 23 county treasurers to the treasurer of the merged area as 1 24 provided in section 331.552, subsection 29. 1 25 It is the policy of this state that the property tax for 1 26 the operation of community colleges shall not in any event 1 27 exceedtwenty and one-fourth cents per thousand dollars of1 28assessed valuethe amount of the levy provided for in this 1 29 section, and that the present and future costs of such 1 30 operation in excess of the funds raised by such levy shall be 1 31 the responsibility of the state and shall not be paid from 1 32 property tax. 1 33 Sec. 2. EFFECTIVE DATE. This Act, being deemed of 1 34 immediate importance, takes effect upon enactment. 1 35 EXPLANATION 2 1 This bill provides for an increase in the operations levy 2 2 certified annually by the board of directors of a community 2 3 college pursuant to Code section 260C.17 from the current 2 4 level of 20 and one-fourth cents per $1,000 of assessed value 2 5 to 40 cents per $1,000 of assessed value in a merged area. 2 6 The bill takes effect upon enactment. 2 7 LSB 5494XS 80 2 8 rn/sh/8
Text: SF02125 Text: SF02127 Text: SF02100 - SF02199 Text: SF 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: Fri Feb 27 03:30:01 CST 2004
URL: /DOCS/GA/80GA/Legislation/SF/02100/SF02126/040217.html
jhf