General Assembly: 77 (1997 Regular GA) - Chapter 25 - County debt service fund


Published: 1997

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CH.24 LAWS OF THE SEVENlY-SEVENTH G.A., 1997 SESSION

CHAPTER 24 REGULATION OF WASTE TIRE COLLECTION SITES

H.F.228

40

AN ACT relating to permits issued to licensed automobile tire recycling dealers to own or operate a waste tire site.

Be It Enacted by the GeneralAssembly of the State of Iowa:

Section 1. Section 455D.ll, subsection 1, paragraph d, Code 1997, is amended to read as follows:

d. "Tire collector" means either a person who owns or operates a site used for the storage, collection, or deposit of more than five hundred waste tires or authorized vehicle recycler who is licensed by the department of transportation pursuant to section 321H.4 and who owns or operates a site used for the storage. collection. or deposit of more than three thou- sand five hundred waste tires.

Approved April 11 , 1997

CHAPTER 25 COUNTYDEBTSER~CEFUND

H.F.244

AN ACT relating to the county debt service fund.

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

Section 1. Section 331.430, subsection 2, Code 1997, is amended by adding the following new unnumbered paragraph:

NEW UNNUMBERED PARAGRAPH. For the purposes of this section, warrants issued by a county in anticipation of revenue, refunding or refinancing of such warrants, and judgments based on a default in payment of such warrants shall not be considered debt payable from the debt service fund.

Sec. 2. Section 331.430, subsection 3, Code 1997, is amended to read as follows: 3. A tax levied for the debt service fund is not invalid if it raises moneys in excess of those

needed for a specific purpose. Only excess moneys remaining after retirement of all indebt- edness payable from the debt service fund may be transferred from the fund to the fund most closely related to the project for which the indebtedness arose, or to the general fund, subject to the terms of the original bond issue. This subsection shall not be construed to give a countv board of supervisors authoritv to increase the debt service levv for the purpose of creating excess moneys in the fund to be used for purposes other than those related to retirement of debt.

Approved April 11 , 1997