House File 253 HOUSE FILE BY DANDEKAR, MURPHY, PETERSEN, CONNORS, LENSING, JOCHUM, SMITH, DAVITT, STRUYK, HUSER, QUIRK, THOMAS, D. TAYLOR, T. TAYLOR, BERRY, MILLER, MERTZ, WENDT, WHITEAD, D. OLSON, GASKILL, WINCKLER, WISE, OLDSON, REASONER, HEDDENS, OSTERHAUS, SHOULTZ, FOEGE, WHITAKER, SWAIM, COHOON, STEVENS, BUKTA, MASCHER, BELL, and MYERS Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act making appropriations to the community attraction and 2 tourism fund. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 2155YH 80 5 tm/cl/14 PAG LIN 1 1 Section 1. There is appropriated from the tax=exempt bond 1 2 proceeds restricted capital funds account of the tobacco 1 3 settlement trust fund to the office of the treasurer of state 1 4 for the fiscal period beginning July 1, 2004, and ending June 1 5 30, 2006, the following amounts to be deposited in the 1 6 community attraction and tourism fund created in section 1 7 15F.204: 1 8 FY 2004=2005 ..................................... $ 12,500,000 1 9 FY 2005=2006 ..................................... $ 12,500,000 1 10 Payment of moneys from the appropriations in this section 1 11 shall be made in a manner that does not adversely affect the 1 12 tax=exempt status of any outstanding bonds issued by the 1 13 tobacco settlement authority. 1 14 EXPLANATION 1 15 This bill relates to the community attraction and tourism 1 16 fund administered by the vision Iowa board. 1 17 The bill appropriates moneys from the tax=exempt bond 1 18 proceeds restricted capital funds account of the tobacco 1 19 settlement trust fund to the office of the treasurer of state 1 20 for deposit in the community attraction and tourism fund. The 1 21 bill appropriates $12.5 million for both FY 2004=2005 and FY 1 22 2005=2006. The bill requires that payment of moneys from the 1 23 appropriations shall be made in a manner that does not 1 24 adversely affect the tax=exempt status of any outstanding 1 25 bonds issued by the tobacco settlement authority. 1 26 LSB 2155YH 80 1 27 tm/cl/14 1 28 1 29 1 30 1 31 1 32 1 33 1 34 1 35