H.F. 2428 Section 1. Section 359.43, subsection 4, Code 2026, is 1 amended to read as follows: 2 4. Of the levies authorized under subsections 1 and 2 , the 3 township trustees may credit to a reserve account annually 4 an amount not to exceed thirty cents per thousand dollars of 5 the assessed value of the taxable property in the township for 6 the purchase or replacement of supplies and equipment required 7 to carry out the services specified under section 359.42 , or 8 constructing a fire station . Notwithstanding section 12C.7 , 9 interest earned on moneys credited to the reserve account shall 10 be credited to the reserve account. 11 EXPLANATION 12 The inclusion of this explanation does not constitute agreement with 13 the explanation’s substance by the members of the general assembly. 14 Under current law, township trustees are authorized to levy 15 an annual tax not exceeding $0.405, $0.54, or $0.675 per $1,000 16 of assessed value of the taxable property in the township 17 for the purpose of fire protection and emergency services, 18 depending on services offered and the size of the county 19 where the township is located. If the levy is not sufficient 20 to provide the fire protection and emergency services, then 21 the township may levy an additional annual tax not exceeding 22 $0.2025 per $1,000 of assessed value of the taxable property 23 in the township. Of the moneys collected from the levies, the 24 township trustees are authorized to put up to $0.30 per $1,000 25 of assessed property value annually into a reserve account. 26 The reserved moneys can be used to purchase or replace supplies 27 and equipment required for fire protection and emergency 28 services. This bill allows the reserved moneys to be used to 29 construct a fire station. 30 -1- LSB 6122YH (4) 91 ms/js 1/ 1