House Journal: Page 1767: Thursday, May 1, 2003
5 proposal has been approved by the director of the
6 department of education pursuant to section 275.55.
7 In the year preceding the reorganization or
8 dissolution, the school district affected by the
9 reorganization or the school district that dissolved
10 must have had a certified enrollment of fewer than six
11 hundred in order for the four-dollar-and-forty-cent
12 levy to apply.
13 b. In succeeding school years, the foundation
14 property tax levy on that portion shall be increased
15 to the rate of four dollars and ninety cents per
16 thousand dollars of assessed valuation the first
17 succeeding year, five dollars and fifteen cents per
18 thousand dollars of assessed valuation the second
19 succeeding year, and five dollars and forty cents per
20 thousand dollars of assessed valuation the third
21 succeeding year and each year thereafter.
22 c. The foundation property tax levy reduction
23 pursuant to this subsection shall be available if
24 either of the following apply:
25 (1) In the year preceding the reorganization or
26 dissolution, the school district affected by the
27 reorganization or the school district that dissolved
28 had a certified enrollment of fewer than six hundred
29 pupils.
30 (2) In the year preceding the reorganization or
31 dissolution, the school district affected by the
32 reorganization or the school district that dissolved
33 had a certified enrollment of six hundred pupils or
34 greater, and entered into a reorganization or
35 dissolution with one or more school districts with a
36 certified enrollment of fewer than six hundred pupils.
37 The amount of foundation property tax reduction
38 received by a school district qualifying for the
39 reduction pursuant to this subparagraph shall not
40 exceed the highest reduction amount provided in
41 paragraphs "a" and "b" received by any of the school
42 districts with a certified enrollment of fewer than
43 six hundred pupils involved in the reorganization
44 pursuant to subparagraph (1) of this paragraph "c".
45 d. For purposes of this section, a reorganized
46 school district is one which absorbs at least thirty
47 percent of the enrollment of the school district
48 affected by a reorganization or dissolved during a
49 dissolution and in which action to bring about a
50 reorganization or dissolution is initiated by a vote
Page 6
1 of the board of directors or jointly by the affected
2 boards of directors to take effect on or after July 1,
3 2002, and on or before July 1, 2006. Each district
4 which initiated, by a vote of the board of directors
© 2003 Cornell College and
League of Women Voters of Iowa
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