§ 260C.17 — Preparation and approval of budget — tax

Iowa § 260C.17

• Jurisdiction: Iowa
• Title VII: EDUCATION, HISTORY, AND CULTURE
• Ch. 260C: COMMUNITY COLLEGES

Text

1. The board of directors of each merged area shall prepare an annual budget designating
the proposed expenditures for operation of the community college. The board shall further
designate the amounts which are to be raised by local taxation and the amounts which are to
beraisedbyothersourcesofrevenuefortheoperation. Thebudgetofeachmergedareashall
besubmittedtothestateboardnolaterthanMay1precedingthenextfiscalyearforapproval.
The state board shall review the proposed budget and shall, prior to June 1, either grant its
approvalorreturnthebudgetwithoutapprovalwiththecommentsofthestateboardattached
§260C.17, COMMUNITY COLLEGES 14
to it. Any unapproved budget shall be resubmitted to the state board for final approval. Upon
approvalofthebudgetbythestateboard,theboardofdirectorsshallcertifytheamounttothe
respective county auditors and the boards of supervisors annually shall levy a tax of twenty
and one-fourth cents per thousand dollars of assessed value on taxable property in a merged
area for the operation of a community college. Taxes collected pursuant to the levy shall be
paid by the respective county treasurers to the treasurer of the merged area as provided in
section 331.552, subsection 29.
2. Itisthepolicyofthisstatethatthepropertytaxfortheoperationofcommunitycolleges
shall not in any event exceed twenty and one-fourth cents per thousand dollars of assessed
value, and that the present and future costs of such operation in excess of the funds raised
by such levy shall be the responsibility of the state and shall not be paid from property tax.

Legislative History

[C66, 71, 73, 75, 77, 79, 81, §280A.17]