House Study Bill 516 HOUSE FILE BY (PROPOSED COMMITTEE ON EDUCATION BILL BY CHAIRPERSON TYMESON) Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act providing for the establishment of the state percent of 2 growth for purposes of the state school foundation program and 3 providing an applicability date. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 5 TLSB 5590YC 81 6 rn/sh/8 PAG LIN 1 1 Section 1. Section 257.8, subsection 1, Code Supplement 1 2 2005, is amended to read as follows: 1 3 1. STATE PERCENT OF GROWTH.The state percent of growth 1 4 for the budget year beginning July 1, 2005, is four percent.1 5 The state percent of growth for the budget year beginning July 1 6 1, 2006, is four percent. The state percent of growth for the 1 7 budget year beginning July 1, 2007, is four percent. The 1 8 state percent of growth for each subsequent budget year shall 1 9 be established by statute which shall be enacted within thirty 1 10 days of the submission in the year preceding the base year of 1 11 the governor's budget under section 8.21. The establishment 1 12 of the state percent of growth for a budget year shall be the 1 13 only subject matter of the bill which enacts the state percent 1 14 of growth for a budget year. 1 15 Sec. 2. APPLICABILITY. This Act is applicable for 1 16 computing state aid under the state school foundation program 1 17 for the school budget year beginning July 1, 2007. 1 18 EXPLANATION 1 19 This bill establishes a state percent of growth of 4 1 20 percent for purposes of the state school foundation program 1 21 for the school budget year beginning July 1, 2007. The bill 1 22 is applicable for state aid computation under the school 1 23 foundation program for the school budget year beginning July 1 24 1, 2007. 1 25 LSB 5590YC 81 1 26 rn:rj/sh/8