FAQ's - Iowa Department of Education

Finance

Filter

Display pages

#	Article Title
1	Can the district issue general obligation bonds in order to immediately make funds available from the SAVE funds (including remaining LOSST and supplemental amount)?
2	Do the proceeds and expenditures need to be included in the certified budget?
3	How can the SAVE revenues be expended? (Hot!)
4	Is the interest earned on these SAVE revenues limited to the same uses listed in the revenue purpose statement?
5	What does property tax relief mean?
6	What fund will be used to account for the SAVE revenues and school infrastructure expenditures?
7	Can the school district buy equipment with the SAVE revenues?
8	May a district use its SAVE revenues for demolition work?
9	May the district establish a sinking fund or a sinking account to accumulate money to retire revenue bonds, and if so, in what fund?
10	When a district reduces property taxes in PPEL, VPPEL, or PERL, does the district transfer the money from the SAVE/LOSST capital project fund to the fund reduced?
11	How can the revenue bond proceeds be used?
12	May the district establish a reserve account if the bonding agreement requires one, and if so, in what fund?
13	Could the district issue negotiable, interest-bearing school revenue bonds in order to immediately make funds available for construction and then repay those revenue bonds with the SAVE revenues?
14	Does this legislation allow general obligation bond proceeds issued under Iowa Code section 296.1 to be used now to pay or retire revenue bonds issued under Iowa Code section 423E/423F?
15	Can the district issue anticipatory warrants/notes or stamped warrants against future SAVE revenues? (Hot!)
16	If a district plans to pay the principal and interest on its general obligation bonds from its SAVE revenues, is it required to complete form 703 on its certified budget?
17	Can the district obtain a loan against the future SAVE revenues?
18	Can a school district purchase supplies or services, not related to school infrastructure, from the SAVE funds.
19	What does school infrastructure mean? (Hot!)
20	What is reconstruction? Repair? Site improvement?
« Start Prev 1 2 Next End »
Page 1 of 2

Home

Resources

User Type