28M.5 - REGIONAL TRANSIT DISTRICT LEVY.
28M.5 REGIONAL TRANSIT DISTRICT LEVY.
1. The commission, with the approval of the board of supervisors
of participating counties and the city council of participating
cities in the chapter 28E agreement, may levy annually a tax not to
exceed ninety-five cents per thousand dollars of the assessed value
of all taxable property in a regional transit district to the extent
provided in this section. The chapter 28E agreement may authorize
the commission to levy the tax at different rates within the
participating cities and counties in amounts sufficient to meet the
revenue responsibilities of such cities and counties as allocated in
the budget adopted by the commission. However, for a city
participating in a regional transit district, the total of all the
tax levies imposed in the city pursuant to section 384.12, subsection
10, and this section shall not exceed the aggregate of ninety-five
cents per thousand dollars of the assessed value of all taxable
property in the participating city.
2. If a regional transit district budget allocates revenue
responsibilities to the board of supervisors of a participating
county, the amount of the regional transit district levy that is the
responsibility of the participating county shall be deducted from the
maximum rates of taxes authorized to be levied by the county pursuant
to section 331.423, subsections 1 and 2, as applicable, unless the
county meets its revenue responsibilities as allocated in the budget
from other available revenue sources. However, for a regional
transit district that includes a county with a population of less
than three hundred thousand, the amount of the regional transit
district levy that is the responsibility of such participating county
shall be deducted from the maximum rate of taxes authorized to be
levied by the county pursuant to section 331.423, subsection 1.
3. The regional transit district tax levy imposed in a
participating city located in a nonparticipating contiguous county
shall, when collected, be paid to the county treasurer of the
participating county.
4. The proceeds of the tax levy shall be used for the operation
and maintenance of a regional transit district, for payment of debt
obligations of the district, and for the creation of a reserve fund.
The commission may divide the territory of a regional transit
district outside the boundaries of a city into separate service areas
and impose a regional transit district levy not to exceed the maximum
rate authorized by this section in each service area. Section History: Recent Form
2004 Acts, ch 1072, §5; 2004 Acts, ch 1175, §327; 2005 Acts, ch
37, §3
Referred to in § 28M.3