House Amendment 1227


PAG LIN




     1  1    Amend House File 663 as follows:
     1  2 #1.  Page 1, by inserting after line 25 the
     1  3 following:
     1  4    <Sec.    .  NEW SECTION.  298.2A  PHYSICAL PLANT
     1  5 AND EQUIPMENT LEVY STATE FUND == DISTRIBUTION.
     1  6    1.  A physical plant and equipment levy state fund
     1  7 is created as a separate and distinct fund in the
     1  8 state treasury under the control of the department of
     1  9 education.  Any moneys disbursed from the fund shall
     1 10 be used as provided in section 298.3.
     1 11    2.  For the school budget year beginning July 1,
     1 12 2004, and for each succeeding budget year, the county
     1 13 treasurer shall remit to the department of education
     1 14 for deposit into the physical plant and equipment levy
     1 15 state fund the property tax revenues received from the
     1 16 collection during the school budget year of the
     1 17 regular physical plant and equipment levy.
     1 18    3.  The amount deposited in the physical plant and
     1 19 equipment levy state fund in a budget year shall be
     1 20 distributed as follows:
     1 21    a.  Each school district that has imposed the
     1 22 regular physical plant and equipment levy shall
     1 23 receive an amount per pupil equal to the amount in the
     1 24 state fund divided by the combined actual enrollment
     1 25 of all school districts that impose such levy.  The
     1 26 actual enrollment figures for each such school
     1 27 district reported by October 1 to the department of
     1 28 education pursuant to section 257.6, subsection 1,
     1 29 shall be used to determine the combined actual
     1 30 enrollment.
     1 31    b.  Notwithstanding the computation of the amount
     1 32 per pupil in paragraph "a", if a school district has
     1 33 incurred indebtedness or issued bonds which were
     1 34 incurred or issued prior to April 1, 2003, and that
     1 35 certifies that the amount to be received pursuant to
     1 36 paragraph "a" plus any amount to be received from the
     1 37 voter=approved physical plant and equipment levy is
     1 38 insufficient to pay principal and interest on the
     1 39 indebtedness or bonds, the school district may certify
     1 40 such fact to the department of education and the
     1 41 department shall provide the amount needed to pay
     1 42 principal and interest but not to exceed the amount
     1 43 collected from the school district's regular physical
     1 44 plant and equipment levy.  The amounts paid under this
     1 45 subject to all school districts shall be paid from the
     1 46 state fund prior to determining the actual per pupil
     1 47 amount to be distributed to each district.
     1 48    c.  Distributions to school districts shall be made
     1 49 approximately one=half by September 15 and the
     1 50 remainder by March 15 of the budget year.
     2  1    d.  This section does not apply to the collection
     2  2 and distribution of any voter=approved physical plant
     2  3 and equipment levy.>
     2  4 #2.  Title page, line 4, by inserting after the
     2  5 word <purposes> the following:  <and the regular
     2  6 physical plant and equipment levies>.
     2  7
     2  8
     2  9                               
     2 10 WENDT of Woodbury
     2 11 HF 663.301 80
     2 12 mg/cf

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