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IA HF2745
Bill
Status
3/23/2026
Primary Sponsor
Ways and Means
Click for details
AI Summary
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Limits unassigned general fund reserves for governmental entities (excluding school districts) to 35% of budgeted expenditures, effective for budget years beginning July 1, 2027
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Establishes a first-time homebuyer assistance program with state funding support
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Creates a Local Government Efficiency Grant Fund with appropriations to incentivize governmental consolidation or shared services
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Modifies urban renewal area provisions and adjusts funding from the Secure an Advanced Vision for Education (SAVE) fund
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Requires audits of governmental subdivisions to verify compliance with new reserve fund limits and reporting requirements under sections 331.403 and 384.22
Legislative Description
A bill for an act relating to state and local government taxes, budgets, and authority, by modifying provisions relating to the assessment and taxation of property, funding from the secure an advanced vision for education fund, urban renewal areas, establishing a program for certain first-time homebuyers, establishing a local government efficiency grant fund, making appropriations, and including effective date, applicability, and retroactive applicability provisions.(Formerly HSB 596.)
Last Action
Amendment H-8374 filed. H.J. 933.
4/16/2026