General Assembly: 80 (2003 Regular GA) - Chapter 1 - School finance — allowable growth


Published: 2003-03-03

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2003 Regular Session

of the

Eightieth General Assembly

of the

State of Iowa

_________________________

CH. 1CH. 1

CHAPTER 1

SCHOOL FINANCE — ALLOWABLE GROWTH

S.F. 211

ANACTproviding for the establishment of the state percent of growth for purposes of the state school foundation program and providing an applicability date.

Be It Enacted by the General Assembly of the State of Iowa:

Section 1. Section 257.8, subsection 1, Code 2003, is amended to read as follows: 1. STATE PERCENTOFGROWTH. The state percent of growth for the budget year begin-

ning July 1, 2002, is one percent. The state percent of growth for the budget year beginning July 1, 2003, is two percent. The state percent of growth for the budget year beginning July 1, 2004, is two percent. The state percent of growth for each subsequent budget year shall be established by statute which shall be enacted within thirty days of the submission in the year preceding the base year of the governor’s budget under section 8.21. The establishment of the state percent of growth for a budget year shall be the only subject matter of the bill which en- acts the state percent of growth for a budget year.

Sec. 2. APPLICABILITY. This Act is applicable for computing state aid under the state school foundation program for the school budget year beginning July 1, 2004.

Approved March 3, 2003