House Journal: Page 1280: Wednesday, April 23, 2003
Page 2
1 the prior budget year the regular physical plant and
2 equipment levy shall receive an amount equal to the
3 amount raised by the regular physical plant and
4 equipment levy not to exceed its guaranteed school
5 infrastructure amount. However, if the amount raised
6 is less than its guaranteed school infrastructure
7 amount, the district shall receive an additional
8 amount equal to its supplemental school infrastructure
9 amount.
10 (4) The amount distributed under this paragraph
11 "b" which a school district receives shall not exceed
12 the guaranteed school infrastructure amount. A school
13 district qualifying for a supplemental school
14 infrastructure amount pursuant to this paragraph "b"
15 shall not receive more than the guaranteed school
16 infrastructure amount in any subsequent year.
17 4. a. The department of education by June 1
18 preceding each budget year shall compute the
19 guaranteed school infrastructure amount for each
20 school district, each school district's infrastructure
21 tax capacity per student, the statewide tax revenues
22 per student, and the supplemental school
23 infrastructure amount for the coming budget year.
24 b. For purposes of distributions under subsection
25 2:
26 (1) "Guaranteed school infrastructure amount"
27 means for a school district the statewide tax revenues
28 per student, multiplied by the quotient of the regular
29 physical plant and equipment levy rate per thousand
30 dollars imposed in the school district, divided by
31 thirty-three cents per thousand dollars.
32 (2) "Infrastructure tax capacity per student"
33 means for a school district the estimated amount of
34 revenues that a school district receives or would
35 receive if the regular physical plant and equipment
36 levy of thirty-three cents per thousand dollars is
37 imposed divided by the school district's actual
38 enrollment as determined in section 257.6, subsection
39 1.
40 (3) "Statewide tax revenues per student" means the
41 amount determined by estimating the total revenues
42 that would be generated by a regular physical plant
43 and equipment levy of thirty-three cents per thousand
44 dollars if imposed by all the school districts during
45 the budget year and dividing this estimated revenue
46 amount by the sum of the combined actual enrollment
47 for all school districts as determined in section
48 257.6, subsection 1.
49 (4) "Supplemental school infrastructure amount"
50 means the guaranteed school infrastructure amount for
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