SENATE FILE 422

BY  COMMITTEE ON EDUCATION

(SUCCESSOR TO SSB 1164)

A BILL FOR

An Act relating to the use of certain revenues resulting from the physical plant and equipment levies and including applicability provisions.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

   Section 1.  Section 298.3, subsection 1, paragraph c, Code 2011, is amended to read as follows:
   c.  The purchase, lease, or lease-purchase ofa single unit of equipment or technology exceeding five hundred dollars in value per unit purchase, lease, or lease-purchase transaction.  Each transaction may include multiple equipment or technology units.
   Sec. 2.  Section 298.3, subsection 1, Code 2011, is amended by adding the following new paragraph:
   NEW PARAGRAPH.  n.  The purchase, lease, or lease-purchase of desks, furniture, or fixtures exceeding five hundred dollars in value per purchase, lease, or lease-purchase transaction. Each transaction may include multiple desk, furniture, or fixture units.
   Sec. 3.  APPLICABILITY.  This Act applies to school budget years beginning on or after July 1, 2011.
EXPLANATION
   This bill amends the purposes for which revenues from the physical plant and equipment levies may be expended. The bill provides that revenues may be used for the purchase, lease, or lease-purchase of equipment or technology exceeding $500 in value per purchase, lease, or lease-purchase transaction. The bill allows each transaction to include multiple equipment or technology units. Current law requires each equipment or technology unit to have a cost exceeding $500. 
   The bill also allows the use of such revenues for the purchase, lease, or lease-purchase of desks, furniture, or fixtures exceeding $500 in value per purchase, lease, or lease-purchase transaction. The bill allows each transaction to include multiple desk, furniture, or fixture units.
   The bill applies to school budget years beginning on or after July 1, 2011.