[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2861 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 2861

  To amend the Act of September 30, 1950, to require the Secretary of 
Education to calulate each payment to a local educational agency under 
   section 2 of such Act on the basis of assessed valuation figures 
 provided by the local official responsible for assessing the value of 
  real property located in the jurisdiction of such local educational 
             agency for purposes of levying a property tax.


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                    IN THE HOUSE OF REPRESENTATIVES

                             August 4, 1993

 Mr. Fawell (for himself, Mr. Sangmeister, Mr. Poshard, Mr. Costello, 
and Mr. Hyde) introduced the following bill; which was referred to the 
                    Committee on Education and Labor

_______________________________________________________________________

                                 A BILL


 
  To amend the Act of September 30, 1950, to require the Secretary of 
Education to calulate each payment to a local educational agency under 
   section 2 of such Act on the basis of assessed valuation figures 
 provided by the local official responsible for assessing the value of 
  real property located in the jurisdiction of such local educational 
             agency for purposes of levying a property tax.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. AMENDMENT TO THE ACT OF SEPTEMBER 30, 1950.

    Section 2(a) of the Act of September 30, 1950 (Public Law 874, 81st 
Congress; 20 U.S.C. 237(a)), is amended by adding at the end the 
following: ``Such aggregate assessed value of such acquired Federal 
property shall be determined (on the basis of the highest and best use 
of such property as of the time such value is determined), and provided 
to the Secretary, by the local official responsible for assessing the 
value of real property located in the jurisdiction of such local 
educational agency for purposes of levying a property tax.''.

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