House
File
2347
-
Introduced
HOUSE
FILE
2347
BY
COMMITTEE
ON
LOCAL
GOVERNMENT
(SUCCESSOR
TO
HSB
546)
A
BILL
FOR
An
Act
relating
to
the
approval
and
use
of
increased
local
1
sales
and
services
tax
revenues
to
fund
urban
renewal
2
projects
and
including
effective
date
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
TLSB
5499HV
(2)
83
md/sc
H.F.
2347
Section
1.
Section
423B.10,
Code
2009,
is
amended
by
adding
1
the
following
new
subsection:
2
NEW
SUBSECTION
.
7.
An
ordinance
under
this
section
3
providing
for
the
use
of
a
designated
amount
of
the
increased
4
local
sales
and
services
tax
revenue
shall
not
be
adopted
on
or
5
after
the
effective
date
of
this
Act.
6
Sec.
2.
ORDINANCES
ADOPTED
PRIOR
TO
EFFECTIVE
DATE.
The
7
amount
of
the
increased
local
sales
and
services
taxes
received
8
by
a
city
as
the
result
of
an
ordinance
adopted
under
chapter
9
423B
prior
to
the
effective
date
of
this
Act
that
have
been
10
designated
by
a
city
by
ordinance
to
fund
urban
renewal
11
projects
pursuant
to
section
423B.10
shall
be
deposited
in
the
12
city’s
special
fund
created
in
section
403.19,
subsection
2,
13
and
shall
be
used
to
fund
urban
renewal
projects
located
in
an
14
urban
renewal
area.
15
Sec.
3.
OBLIGATIONS
OF
CITIES.
This
Act
shall
not
relieve,
16
impair,
or
otherwise
alter
the
obligations
of
a
city
relating
17
to
bonds
issued
pursuant
to
chapter
403
prior
to
the
effective
18
date
of
this
Act
or
contracts
made
prior
to
the
effective
date
19
of
this
Act
in
connection
with
an
urban
renewal
project.
20
Sec.
4.
EFFECTIVE
UPON
ENACTMENT.
This
Act,
being
deemed
of
21
immediate
importance,
takes
effect
upon
enactment.
22
EXPLANATION
23
This
bill
relates
to
the
use
of
sales
and
services
tax
24
revenues
to
fund
urban
renewal
projects.
25
Current
law
allows
an
eligible
city
to
provide
by
ordinance
26
for
the
use
of
a
designated
amount
of
the
increased
local
sales
27
and
services
tax
revenues
attributable
to
retail
establishments
28
in
an
urban
renewal
area
to
fund
urban
renewal
projects
located
29
in
the
area.
30
The
bill
provides
that
an
ordinance
under
Code
section
31
423B.10
designating
an
amount
of
increased
local
sales
and
32
services
tax
revenue
for
urban
renewal
projects
may
not
be
33
adopted
on
or
after
the
effective
date
of
the
bill.
34
The
bill
provides
that
any
local
sales
and
services
taxes
35
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2
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2347
received
as
the
result
of
an
ordinance
adopted
prior
to
the
1
effective
date
of
the
bill
and
designated
for
urban
renewal
2
projects
must
be
deposited
in
the
city’s
special
fund
and
used
3
to
fund
urban
renewal
projects.
4
The
bill
does
not
relieve,
impair,
or
alter
the
obligations
5
of
a
city
in
regard
to
certain
bonds
or
contracts.
6
The
bill
takes
effect
upon
enactment.
7
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(2)
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2