House Journal: Page 1366: Friday, April 25, 2003
43 amount of loans, advances, indebtedness, or bonds for
44 which taxes mentioned in subsection 2 will be
45 allocated and a schedule of payments for such amounts.
46 In any year, the county auditor shall, upon receipt of
47 a certified request from a municipality filed on or
48 before December 1, increase the amount to be allocated
49 under subsection 1 in order to reduce the amount to be
50 allocated in the following fiscal year to the special
Page 7
1 fund, to the extent that the municipality does not
2 request allocation to the special fund of the full
3 portion of taxes which could be collected. Upon
4 receipt of a certificate from a municipality, the
5 auditor shall mail a copy of the certificate to each
6 affected taxing district.
7 Sec. 13. Section 403.19, subsection 7, Code 2003,
8 is amended to read as follows:
9 7. For any fiscal year, a municipality may certify
10 to the county auditor for physical plant and equipment
11 revenue necessary for payment of principal and
12 interest on bonds issued prior to July 1, 2001, only
13 if the municipality certified for such revenue for the
14 fiscal year beginning July 1, 2000. A municipality
15 shall not certify to the county auditor for a school
16 district more than the amount the municipality
17 certified for the fiscal year beginning July 1, 2000.
18 If for any fiscal year a municipality fails to certify
19 to the county auditor for a school district by July 1
20 the amount of physical plant and equipment revenue
21 necessary for payment of principal and interest on
22 such bonds, as provided in subsection 2, the school
23 district is not required to pay over the revenue to
24 the municipality. The county auditor shall
25 immediately certify to the school district the amount
26 of such levy that is necessary to pay the principal
27 and interest on bonds issued by the municipality to
28 finance an urban renewal project, which bonds were
29 issued prior to July 1, 2001. Indebtedness incurred
30 to refund bonds issued prior to July 1, 2001, shall
31 not be included in the certification. Such school
32 district shall pay over the amount certified by
33 November 1 and May 1 of the fiscal year following
34 certification to the school district.
35 PARAGRAPH DIVIDED. If a school district and a
36 municipality are unable to agree on the amount of
37 physical plant and equipment revenue certified by the
38 municipality for the fiscal year beginning July 1,
39 2001, either party may request that the state appeal
40 board review and finally pass upon the amount that may
41 be certified. Such appeals must be presented in
© 2003 Cornell College and
League of Women Voters of Iowa
Comments about this site or page?
hjourn@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Wed Jul 16 15:30:00 CDT 2003
URL: /DOCS/GA/80GA/Session.1/HJournal/01300/01366.html
jhf