Text: SF02306 Text: SF02308 Text: SF02300 - SF02399 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 257.8, subsection 1, Code Supplement 1 2 2003, is amended to read as follows: 1 3 1. STATE PERCENT OF GROWTH.The state percent of growth1 4for the budget year beginning July 1, 2003, is two percent.1 5 The state percent of growth for the budget year beginning July 1 6 1, 2004, is two percent. The state percent of growth for the 1 7 budget year beginning July 1, 2005, is three percent. The 1 8 state percent of growth for each subsequent budget year shall 1 9 be established by statute which shall be enacted within thirty 1 10 days of the submission in the year preceding the base year of 1 11 the governor's budget under section 8.21. The establishment 1 12 of the state percent of growth for a budget year shall be the 1 13 only subject matter of the bill which enacts the state percent 1 14 of growth for a budget year. 1 15 Sec. 2. LEGISLATIVE INTENT. If the revenue estimating 1 16 conference as provided for in section 8.22A agrees to a 1 17 revenue estimate of general fund receipts at its December 2004 1 18 meeting for the fiscal year beginning July 1, 2005, of at 1 19 least four percent over the estimated general fund receipts 1 20 for the fiscal year ending June 30, 2005, it is the intent of 1 21 the general assembly that the general assembly meeting in 1 22 regular session in 2005 shall establish a state percent of 1 23 growth for the budget year beginning July 1, 2005, of four 1 24 percent. 1 25 Sec. 3. Notwithstanding the thirty-day deadline for the 1 26 enactment of the state percent of growth provided in section 1 27 257.8, subsection 1, such deadline shall not apply to the Act 1 28 enacted which establishes the state percent of growth during 1 29 the 2004 Regular Session of the Eightieth General Assembly. 1 30 Sec. 4. APPLICABILITY. This Act is applicable for 1 31 computing state aid under the state school foundation program 1 32 for the school budget year beginning July 1, 2005. 1 33 EXPLANATION 1 34 This bill establishes a state percent of growth of 3 1 35 percent for purposes of the state school foundation program 2 1 for the school budget year beginning July 1, 2005. The bill 2 2 also provides that it is the intent of the legislature that if 2 3 the revenue estimating conference as provided for in Code 2 4 section 8.22A agrees to a revenue estimate of general fund 2 5 receipts at its December 2004 meeting for the fiscal year 2 6 beginning July 1, 2005, of at least 4 percent over the 2 7 estimated general fund receipts for the fiscal year ending 2 8 June 30, 2005, the general assembly meeting in regular session 2 9 in 2005 shall establish a state percent of growth for the 2 10 budget year beginning July 1, 2005, of 4 percent. 2 11 The bill provides that the provisions of Code section 2 12 257.8, subsection 1, establishing a 30-day deadline for the 2 13 enactment of the state percent of growth shall not apply to 2 14 the Act enacted which establishes the state percent of growth 2 15 during the 2004 Regular Session of the Eightieth General 2 16 Assembly. 2 17 The bill is applicable for state aid computation under the 2 18 school foundation program for the school budget year beginning 2 19 July 1, 2005. 2 20 LSB 7112SV 80 2 21 rn/gg/14
Text: SF02306 Text: SF02308 Text: SF02300 - SF02399 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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