Senate File 475 H-8034 Amend the amendment, H-8001, to Senate File 475, as amended, 1 passed, and reprinted by the Senate, as follows: 2 1. Page 12, after line 24 by inserting: 3 < DIVISION ___ 4 SECURE AN ADVANCED VISION FOR EDUCATION —— REPEAL REPEALED 5 Sec. ___. Section 423.2, subsection 11, paragraph b, 6 subparagraph (3), Code 2018, is amended to read as follows: 7 (3) Transfer one-sixth of the remaining revenues to the 8 secure an advanced vision for education fund created in section 9 423F.2 . This subparagraph (3) is repealed December 31, 2029. 10 Sec. ___. Section 423.2, subsection 14, Code 2018, is 11 amended by striking the subsection. 12 Sec. ___. Section 423.5, subsection 5, Code 2018, is amended 13 by striking the subsection. 14 Sec. ___. Section 423.43, subsection 1, paragraph b, Code 15 2018, is amended to read as follows: 16 b. Subsequent to the deposit into the general fund of 17 the state and after the transfer of such revenues collected 18 under chapter 423B , the department shall transfer one-sixth of 19 such remaining revenues to the secure an advanced vision for 20 education fund created in section 423F.2 . This paragraph is 21 repealed December 31, 2029. 22 Sec. ___. Section 423F.4, Code 2018, is amended to read as 23 follows: 24 423F.4 Borrowing authority for school districts. 25 A school district may anticipate its share of the revenues 26 under section 423F.2 by issuing bonds in the manner provided in 27 section 423E.5 , Code 2018 . However, to the extent any school 28 district has issued bonds anticipating the proceeds of an 29 extended local sales and services tax for school infrastructure 30 purposes imposed by a county pursuant to former chapter 423E, 31 Code and Code Supplement 2007, prior to July 1, 2008, the 32 pledge of such revenues for the payment of principal and 33 interest on such bonds shall be replaced by a pledge of its 34 share of the revenues under section 423F.2 . 35 -1- H8001.2846 (2) 87 kh/rj 1/ 2 #1.