House File 469 - Introduced



                                       HOUSE FILE       
                                       BY  COMMITTEE ON EDUCATION

                                           (SUCCESSOR TO HF 156)


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

                                      A BILL FOR

  1 An Act relating to permissible uses of physical plant and
  2    equipment levy revenue, and including an applicability
  3    provision.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 1447HV 82
  6 ak/sh/8

PAG LIN



  1  1    Section 1.  Section 298.3, subsection 9, Code 2007, is
  1  2 amended to read as follows:
  1  3    9.  Purchase of, lease, or entrance into an agreement under
  1  4 chapter 28E to purchase or lease, to provide transportation
  1  5 equipment for transporting students, including transportation
  1  6 replacement parts and renovations exceeding five hundred
  1  7 dollars.
  1  8    Sec. 2.  APPLICABILITY.  This Act is applicable for
  1  9 physical plant and equipment levies imposed either through
  1 10 board authorization or voter approval on or after the
  1 11 effective date of this Act, or local option sales taxes for
  1 12 school infrastructure purposes imposed on or after the
  1 13 effective date of this Act.
  1 14                           EXPLANATION
  1 15    This bill concerns permissible uses of physical plant and
  1 16 equipment levy revenue.  The bill provides that revenue may be
  1 17 additionally expended for leasing, or the entrance into an
  1 18 agreement under Code chapter 28E to purchase or lease, to
  1 19 provide transportation equipment.
  1 20    The bill provides that revenue may also be spent on
  1 21 transportation replacement parts and renovations that exceed
  1 22 $500.
  1 23    The bill is applicable for physical plant and equipment
  1 24 levies imposed on or after the bill's effective date, and
  1 25 because Code section 423E.1 includes the purposes authorized
  1 26 for the physical plant and equipment levy in the definition of
  1 27 "school infrastructure", the bill is also applicable to local
  1 28 option sales taxes for school infrastructure purposes imposed
  1 29 on or after the bill's effective date.
  1 30 LSB 1447HV 82
  1 31 ak:nh/sh/8