House File 2253 - Introduced HOUSE FILE 2253 BY DOLECHECK A BILL FOR An Act authorizing certain specified school districts to use 1 revenues from the district management levy for student loan 2 repayment. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 5680YH (2) 89 jda/jh
H.F. 2253 Section 1. Section 279.46, Code 2022, is amended to read as 1 follows: 2 279.46 Retirement incentives and teacher student loan 3 repayment —— tax. 4 1. The board of directors of a school district may adopt 5 a program for payment of a monetary bonus, continuation of 6 health or medical insurance coverage, or other incentives 7 for encouraging its employees to retire before the normal 8 retirement date as defined in chapter 97B . The program is 9 available only to employees who notify the board of directors 10 prior to April 1 of the fiscal year that they intend to retire 11 not later than the start of the next following school calendar. 12 The age at which employees shall be designated eligible for 13 the program shall be at the discretion of the board. An 14 employee retiring under this section subsection may apply for 15 a retirement allowance under chapter 97B or chapter 294 . The 16 board may include in the district management levy an amount to 17 pay the total estimated accumulated cost to the school district 18 of the health or medical insurance coverage, bonus, or other 19 incentives for employees fifty-five years of age or older who 20 retire under this section subsection . 21 2. The board of directors of a school district with less 22 than or equal to one thousand students may adopt a program for 23 student loan repayment to recruit new teachers. The board may 24 include in the district management levy an amount to pay the 25 total estimated accumulated cost to the school district of the 26 student loan repayment program adopted under this subsection. 27 Sec. 2. Section 298.4, subsection 1, paragraph e, Code 2022, 28 is amended to read as follows: 29 e. To pay the cost of early retirement benefits to employees 30 under section 279.46 , subsection 1, or student loan repayment 31 under section 279.46, subsection 2 . 32 EXPLANATION 33 The inclusion of this explanation does not constitute agreement with 34 the explanation’s substance by the members of the general assembly. 35 -1- LSB 5680YH (2) 89 jda/jh 1/ 2
H.F. 2253 This bill authorizes certain specified school districts to 1 use revenues from the district management levy for student loan 2 repayment. 3 Currently, Code section 279.46 authorizes the board of 4 directors of a school district to adopt a program for early 5 retirement benefits to encourage its employees to retire before 6 the normal retirement date. The bill modifies Code section 7 279.46 to also authorize the board of directors of a school 8 district with less than or equal to 1,000 students to adopt a 9 program for student loan repayment to recruit new teachers. 10 The bill authorizes the board of directors to expend the 11 district management levy to pay the costs of the program for 12 student loan repayment. 13 -2- LSB 5680YH (2) 89 jda/jh 2/ 2