Text: HF2039            Text: HF2041
Complete Bill History


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: TLSB 5541YH (5) 83 ak/sc 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. LSB 5541YH (5) 83 ak/sc
Text: HF2039            Text: HF2041 Complete Bill History