SF 162 (LSB 2119SV (2) 85)

SENATE FILE 162

BY  COMMITTEE ON EDUCATION

(SUCCESSOR TO SSB 1123)

A BILL FOR

An Act establishing the state percent of growth for the school budget year beginning July 1, 2014, and including applicability provisions.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 257.8, subsection 1, Code 2013, is amended to read as follows:
   1.  State percent of growth.  The state percent of growth for the budget year beginning July 1, 2010, is two percent. The state percent of growth for the budget year beginning July 1, 2012, is two percent.

The state percent of growth for the budget year beginning July 1, 2014, is four percent. The state percent of growth for each subsequent budget year shall be established by statute which shall be enacted within thirty days of the submission in the year preceding the base year of the governor’s budget under section 8.21. The establishment of the state percent of growth for a budget year shall be the only subject matter of the bill which enacts the state percent of growth for a budget year.
    Sec. 2.  APPLICABILITY.  This Act is applicable for computing state aid under the state school foundation program for the school budget year beginning July 1, 2014.
EXPLANATION
   This bill establishes a state percent of growth of 4 percent for purposes of the state school foundation program for the school budget year beginning July 1, 2014. The bill is applicable for state aid computation under the state school foundation program for the school budget year beginning July 1, 2014.