House Journal: Page 1274: Wednesday, April 23, 2003
10 422E.3, subsection 5, paragraph "d", not to exceed its
11 guaranteed school infrastructure amount. However, if
12 the school district's pro rata share is less than its
13 guaranteed school infrastructure amount, the district
14 shall receive an additional amount equal to its
15 supplemental school infrastructure amount.
16 (3) A school district that is located in whole or
17 in part in a county that voted on and approved the
18 continuation of the tax on or after April 1, 2003, the
19 local sales and services tax for school infrastructure
20 purposes shall receive an amount equal to its pro rata
21 share of the local sales and services tax receipts as
22 provided in section 422E.3, subsection 5, paragraph
23 "d", not to exceed its guaranteed school
24 infrastructure amount. However, if the school
25 district's pro rata share is less than its guaranteed
26 school infrastructure amount, the district shall
27 receive an additional amount equal to its supplemental
28 school infrastructure amount.
29 (4) The amount distributed under this paragraph
30 "b" which a school district receives shall not exceed
31 the guaranteed school infrastructure amount. A school
32 district qualifying for a supplemental school
33 infrastructure amount pursuant to this paragraph "b"
34 shall not receive more than the guaranteed school
35 infrastructure amount in any subsequent year.
36 c. In the case of a school district located in
37 more than one county, the amount to be distributed to
38 the school district shall be separately computed for
39 each county based upon the school district's actual
40 enrollment that attends school in the county.
41 3. a. The director of revenue and finance by June
42 1 preceding each fiscal year shall compute the
43 guaranteed school infrastructure amount for each
44 school district, each school district's sales tax
45 capacity per student for each county, the statewide
46 tax revenues per student, and the supplemental school
47 infrastructure amount for the coming fiscal year.
48 b. For purposes of distributions under subsection
49 2:
50 (1) "Guaranteed school infrastructure amount"
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1 means for a school district the statewide tax revenues
2 per student, multiplied by the quotient of the tax
3 rate percent imposed in the county, divided by one
4 percent and multiplied by the quotient of the number
5 of quarters the tax is imposed during the fiscal year
6 divided by four quarters.
7 (2) "Sales tax capacity per student" means for a
8 school district the estimated amount of revenues that
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