SF 64 (LSB 1678XS (3) 91)

SENATE FILE 64

BY  EVANS

A BILL FOR

An Act relating to budget adjustments by school districts affected by a natural disaster.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 257.14, subsection 1, Code 2025, is amended to read as follows:
   1.  a.  For the budget year commencing July 1, 2016, and succeeding budget years, a school district shall be eligible for a budget adjustment in an amount equal to the difference between the regular program district cost for the budget year and one hundred one percent of the regular program district cost for the base year. 
   b.  If a school district receives a budget adjustment under this section in the base year and during such base year or the budget year preceding the base year a natural disaster impacts the school district for which a major disaster has been declared to exist by the president of the United States or for which the governor has proclaimed a state of disaster emergency, the school district shall be eligible for a budget adjustment in an amount equal to the amount of the school district’s budget adjustment for the base year.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill relates to budget adjustments by school districts affected by a natural disaster.
   Currently, a school district is eligible for a budget adjustment in an amount equal to the difference between the regular program district cost for the budget year and 101 percent of the regular program district cost for the base year.
   The bill provides for an additional year of budget adjustment if, during the base year or the budget year preceding the base year, a natural disaster impacts the school district for which a major disaster has been declared to exist by the president of the United States or for which the governor has proclaimed a state of disaster emergency. The amount of such additional year of budget adjustment shall be equal to the amount of the school district’s budget adjustment for the base year.