423F.1 Legislative intent. It is the intent of the general assembly that the increase in the state sales, services, and use taxes under chapter 423, subchapters II and III, from five percent to six percent on July 1, 2008, shall be used solely for purposes of providing revenues to local school districts under this chapter […]
423F.2 Repeal of local sales and services taxes — secure an advanced vision for education fund. 1. a. After July 1, 2008, all local sales and services taxes for school infrastructure purposes imposed under chapter 423E are repealed. After July 1, 2008, a county no longer has the authority under chapter 423E or any other […]
423F.3 Use of revenues. 1. A school district receiving revenues from the secure an advanced vision for education fund under this chapter without a valid revenue purpose statement shall expend the revenues subject to subsections 2 and 3 for the following purposes: a. Reduction of bond levies under sections 298.18 and 298.18A and all other […]
423F.4 Borrowing authority for school districts. 1. Subject to the conditions established under subsection 2, a school district may anticipate its share of the revenues under section 423F.2 by issuing bonds in the manner provided in section 423E.5, Code 2019. However, to the extent any school district has issued bonds anticipating the proceeds of an […]
423F.5 Contents of financial audit. 1. A school district shall include as part of its financial audit for the budget year beginning July 1, 2007, and for each subsequent budget year the amount received during the year pursuant to chapter 423E or this chapter, as applicable. In addition, the financial audit shall include the amount […]
423F.6 Repeal. This chapter is repealed January 1, 2051. 2008 Acts, ch 1134, §32; 2019 Acts, ch 166, §18
