Senate File 162 - Introduced SENATE FILE 162 BY COMMITTEE ON EDUCATION (SUCCESSOR TO SSB 1123) A BILL FOR An Act establishing the state percent of growth for the 1 school budget year beginning July 1, 2014, and including 2 applicability provisions. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 2119SV (2) 85 md/sc

S.F. 162 Section 1. Section 257.8, subsection 1, Code 2013, is 1 amended to read as follows: 2 1. State percent of growth. The state percent of growth 3 for the budget year beginning July 1, 2010, is two percent. 4 The state percent of growth for the budget year beginning July 5 1, 2012, is two percent. The state percent of growth for the 6 budget year beginning July 1, 2014, is four percent. The state 7 percent of growth for each subsequent budget year shall be 8 established by statute which shall be enacted within thirty 9 days of the submission in the year preceding the base year of 10 the governor’s budget under section 8.21 . The establishment of 11 the state percent of growth for a budget year shall be the only 12 subject matter of the bill which enacts the state percent of 13 growth for a budget year. 14 Sec. 2. APPLICABILITY. This Act is applicable for computing 15 state aid under the state school foundation program for the 16 school budget year beginning July 1, 2014. 17 EXPLANATION 18 This bill establishes a state percent of growth of 4 percent 19 for purposes of the state school foundation program for 20 the school budget year beginning July 1, 2014. The bill is 21 applicable for state aid computation under the state school 22 foundation program for the school budget year beginning July 23 1, 2014. 24 -1- LSB 2119SV (2) 85 md/sc 1/ 1