House Journal: Page 1283: Wednesday, April 23, 2003
32 amount in the fund by the combined actual enrollment
33 for all school districts in the state. The actual
34 enrollment for each school district is the actual
35 enrollment figures reported by October 1 to the
36 department of management by the department of
37 education pursuant to section 257.6, subsection 1.
38 The combined actual enrollment count shall be
39 forwarded to the department of revenue and finance by
40 March 1, annually, for purposes of supplying estimated
41 tax payment figures and making estimated tax payments
42 pursuant to section 422F.2 for the following fiscal
43 year.
44 Sec. . NEW SECTION. 422F.2 DISTRIBUTION OF
45 FUND MONEYS.
46 1. The director of revenue and finance by August
47 15 of each fiscal year shall send to each school
48 district an estimate of the amount of moneys from the
49 school miscellaneous income fund each school district
50 will receive for the year and for each month of the
Page 2
1 year. At the end of each month, the director may
2 revise the estimates for the year and remaining
3 months.
4 2. The director shall remit ninety-five percent of
5 the estimated distributions for the school district to
6 the school district on or before August 31 of the
7 fiscal year and on or before the last day of each
8 following month.
9 3. The director shall remit a final payment of the
10 remainder of distributions due for the fiscal year
11 before November 10 of the next fiscal year. If an
12 overpayment has resulted during the previous fiscal
13 year, the November payment shall be adjusted to
14 reflect any overpayment.
15 4. Moneys received by a school district pursuant
16 to this chapter may be used for any educational
17 purposes for which the school district may spend
18 moneys.
19 Sec. . NEW SECTION. 422F.3 EFFECTIVE DATE.
20 This chapter takes effect January 1, 2013."
21 5. Title page, line 6, by inserting after the
22 word "purposes" the following:", and providing for
23 state sales tax revenues to be used for school
24 educational purposes,".
Amendment H-1376 lost.
© 2003 Cornell College and
League of Women Voters of Iowa
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