Text: SSB03175 Text: SSB03177 Text: SSB03100 - SSB03199 Text: SSB 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 Notwithstanding the figure established for the state 1 16 percent of growth for the budget year beginning July 1, 2005, 1 17 in unnumbered paragraph 1 of this subsection, if the revenue 1 18 estimating conference as provided for in Code section 8.22A, 1 19 agrees to a revenue estimate of general fund receipts at its 1 20 December 2004 meeting for the fiscal year beginning July 1, 1 21 2005, of at least four percent over the actual general fund 1 22 receipts for the fiscal year ending June 30, 2004, the state 1 23 percent of growth for the budget year beginning July 1, 2005, 1 24 is four percent. 1 25 Sec. 2. 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. 3. 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 provides that, notwithstanding the 3 percent figure, in the 2 3 event that the revenue estimating conference as provided for 2 4 in Code section 8.22A agrees to a general fund revenue 2 5 estimate at its December 2004 meeting for the fiscal year 2 6 beginning July 1, 2005, of at least 4 percent over the actual 2 7 general fund receipts for the fiscal year ending June 30, 2 8 2004, the state percent of growth for the budget year 2 9 beginning July 1, 2005, shall be 4 percent. 2 10 The bill provides that the provisions of Code section 2 11 257.8, subsection 1, establishing a 30-day deadline for the 2 12 enactment of the state percent of growth shall not apply to 2 13 the Act enacted which establishes the state percent of growth 2 14 during the 2004 Regular Session of the Eightieth General 2 15 Assembly. 2 16 The bill is applicable for state aid computation under the 2 17 school foundation program for the school budget year beginning 2 18 July 1, 2005. 2 19 LSB 7112XC 80 2 20 rn/gg/14
Text: SSB03175 Text: SSB03177 Text: SSB03100 - SSB03199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
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