Senate File 148

                                       SENATE FILE       
                                       BY  KREIMAN, COURTNEY, KIBBIE,
                                           STEWART, and HOLVECK


    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act providing for the elimination of specified school district
  2    budget guarantee provisions, and providing an effective date.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 1810SS 80
  5 rn/cl/14

PAG LIN

  1  1    Section 1.  Section 257.14, subsection 2, Code 2003, is
  1  2 amended to read as follows:
  1  3    2.  For the budget years commencing July 1, 2002, and July
  1  4 1, 2003, and July 1, 2004, if the department of management
  1  5 determines that the regular program district cost of a school
  1  6 district for a budget year is less than the total of the
  1  7 regular program district cost plus any adjustment added under
  1  8 this section for the base year for that school district, the
  1  9 school district shall be eligible to receive a budget
  1 10 adjustment for that district for that budget year up to an
  1 11 amount equal to the difference.  The board of directors of a
  1 12 school district that wishes to receive a budget adjustment
  1 13 pursuant to this subsection shall adopt a resolution to
  1 14 receive the budget adjustment by April 15, annually, and shall
  1 15 notify the department of management of the adoption of the
  1 16 resolution and the amount of the budget adjustment to be
  1 17 received.
  1 18    Sec. 2.  Section 257.14, subsection 3, Code 2003, is
  1 19 amended by striking the subsection.
  1 20    Sec. 3.  EFFECTIVE DATE.  This Act, being deemed of
  1 21 immediate importance, takes effect upon enactment.
  1 22                           EXPLANATION
  1 23    This bill provides for the continuation of the 100 percent
  1 24 budget guarantee, currently applicable to school districts for
  1 25 the school budget year beginning July 1, 2003, for the school
  1 26 budget year beginning July 1, 2004.  This enables a school
  1 27 district to maintain 100 percent of the previous year's
  1 28 budget, adjusted to include the amount of the budget
  1 29 adjustment the district received in the previous year.  The
  1 30 bill eliminates provisions that were passed during the 2001
  1 31 Legislative Session which, starting with the school budget
  1 32 year beginning July 1, 2004, provided that school districts
  1 33 would no longer be eligible for the 100 percent "adjusted"
  1 34 guarantee, but would instead be eligible for a 101 percent
  1 35 guarantee without the adjustment for inclusion of the previous
  2  1 year's guarantee.  The bill also eliminates provisions passed
  2  2 during the 2001 Legislative Session that provided for an
  2  3 optional 10=year phaseout of the 100 percent adjusted
  2  4 guarantee for school districts that would lose money based on
  2  5 the change to a 101 percent nonadjusted guarantee.
  2  6    The bill takes effect upon enactment.
  2  7 LSB 1810SS 80
  2  8 rn/cl/14