House File 2040      



                                    HOUSE FILE       
                                    BY  STECKMAN

                                         A BILL FOR

     1 An Act relating to the use of certain regular physical plant
     2    and equipment levy funds and including effective date
     3    provisions.
     4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
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PAG LIN



  1  1    Section 1.  USE OF PHYSICAL PLANT AND EQUIPMENT LEVY
  1  2 FUNDS.  Notwithstanding section 298.3 or any other provision
  1  3 to the contrary, for the fiscal period beginning July 1, 2010,
  1  4 and ending June 30, 2012, regular physical plant and equipment
  1  5 levy funds collected during that fiscal period, and the portion
  1  6 of any unspent balance in the physical plant and equipment
  1  7 levy fund created in section 298A.4 that is attributable to
  1  8 the regular physical plant and equipment levy, may be used
  1  9 by school districts for any school district general fund
  1 10 purpose to the extent the funds are not obligated to pay bonded
  1 11 indebtedness.
  1 12    Sec. 2.  EFFECTIVE UPON ENACTMENT.  This Act, being deemed of
  1 13 immediate importance, takes effect upon enactment.
  1 14                           EXPLANATION
  1 15    This bill allows school districts to use regular physical
  1 16 plant and equipment levy (PPEL) funds and unspent regular
  1 17 physical plant and equipment levy funds in the PPEL fund
  1 18 created pursuant to Code section 298A.4 for any school district
  1 19 general fund purpose, to the extent the PPEL funds are not
  1 20 already obligated to pay debt, for the fiscal period beginning
  1 21 July 1, 2010, and ending June 30, 2012. The regular PPEL is
  1 22 33 1/3 cents per $1,000 of property value and does not require
  1 23 voter approval, pursuant to Code section 298.3. The bill takes
  1 24 effect upon enactment.
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