House File 3 HOUSE FILE BY BOAL and ROBERTS Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act relating to the monetary value of equipment purchased 2 through a lease=purchase option agreement for which physical 3 plant and equipment levy revenue may be expended. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 5 TLSB 1036HH 80 6 rn/sh/8 PAG LIN 1 1 Section 1. Section 298.3, subsection 10, Code 2003, is 1 2 amended to read as follows: 1 3 10. Lease=purchase option agreements for school buildings 1 4 and for equipment exceeding in value fivethousandhundred 1 5 dollars per single unit. 1 6 EXPLANATION 1 7 This bill reduces, from $5,000 to $500, the monetary value 1 8 of a single unit of equipment, subject to a lease=purchase 1 9 option agreement, that can be funded through an allocation of 1 10 physical plant and equipment levy revenue pursuant to Code 1 11 section 298.3, subsection 10. 1 12 LSB 1036HH 80 1 13 rn/sh/8 1 14 1 15 1 16 1 17 1 18 1 19 1 20 1 21 1 22 1 23 1 24 1 25 1 26 1 27 1 28 1 29 1 30 1 31 1 32 1 33 1 34 1 35