House Journal: Page 1371: Friday, April 25, 2003
9 3. Page 3, by inserting after line 6, the
10 following:
11 "NEW SUBSECTION. 9. If an urban renewal plan for
12 an urban renewal area is based on a finding that the
13 area is a slum or blighted area, the division of taxes
14 authorized in section 403.19 shall be deemed to
15 continue beyond the period described in subsection 8
16 if the ordinance of the municipality providing for the
17 division of taxes under section 403.19 within such
18 urban renewal area provides that the portion of taxes
19 described in section 403.19, subsection 1, and
20 allocated as provided in that subsection shall be
21 recalculated at the end of the period described in
22 subsection 8, and every ten years thereafter, and
23 shall be determined from and after said dates based
24 upon the assessed value of the taxable property within
25 the urban renewal area as of a date five years after
26 the date of the assessment roll previously used under
27 the ordinance to determine the portion of taxes
28 described in section 403.19, subsection 1."
29 4. Page 8, line 19, by inserting after the figure
30 "2003." the following: "For purposes of this
31 subsection, a municipality may certify for such
32 revenue with respect to obligations which, on the
33 effective date of this Act, had been authorized to be
34 issued or incurred."
35 5. Page 10, line 4, by inserting after the word
36 "bonds" the following: ", and also to pay loans,
37 advances, indebtedness, and bonds which had been
38 authorized to be issued or incurred prior to the
39 effective date of this Act".
Amendment H-1469 was adopted.
Huser of Polk asked and received unanimous consent to withdraw
amendment H-1467, to amendment H-1457, previously deferred, filed
by Fallon of Polk on April 24, 2003.
On motion by Kramer of Polk, amendment H-1457, as amended,
was adopted placing out of order amendments H-1390 filed by
Shoultz of Black Hawk on April 22, 2003 and H-1406 filed by Ford of
Polk on April 22, 2003.
Kramer of Polk moved that the bill be read a last time now and
placed upon its passage which motion prevailed and the bill was read
a last time.
On the question "Shall the bill pass?" (H.F. 686)
© 2003 Cornell College and
League of Women Voters of Iowa
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