Senate Study Bill 3251 - Introduced SENATE/HOUSE FILE _____ BY (PROPOSED GOVERNOR’S BUDGET BILL) A BILL FOR An Act relating to and making, reducing, and transferring 1 appropriations to state departments and agencies from 2 the rebuild Iowa infrastructure fund, the technology 3 reinvestment fund, the revenue bonds capitals fund, the 4 revenue bonds capitals II fund, authorizing the issuance of 5 revenue bonds, and providing for related matters. 6 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 7 TLSB 5103XG (21) 83 rh/tm
S.F. _____ H.F. _____ DIVISION I 1 REBUILD IOWA INFRASTRUCTURE FUND 2 Section 1. There is appropriated from the rebuild Iowa 3 infrastructure fund to the following departments and agencies 4 for the fiscal year beginning July 1, 2010, and ending June 5 30, 2011, the following amounts, or so much thereof as is 6 necessary, to be used for the purposes designated: 7 1. DEPARTMENT OF ADMINISTRATIVE SERVICES 8 a. For distribution to other governmental entities for 9 the payment of services related to the integrated information 10 for Iowa system, notwithstanding section 8.57, subsection 6, 11 paragraph “c”: 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,700,000 13 Moneys appropriated in this lettered paragraph shall be 14 separately accounted for in a distribution account and shall be 15 distributed to other governmental entities based upon a formula 16 established by the department to pay for services associated 17 with the integrated information for Iowa system provided during 18 the fiscal year by the department. 19 During the fiscal year, the department may use up to 20 $1,000,000 of unexpended or unobligated funds in the 21 information technology operations fund established under the 22 provisions of section 8A.123 to provide funding for costs 23 associated with the integrated information for Iowa system. By 24 October 31, 2011, the department shall report to the department 25 of management and the legislative services agency regarding any 26 moneys that are used for this purpose. 27 b. For costs associated with Mercy capitol hospital 28 building operations, notwithstanding section 8.57, subsection 29 6, paragraph “c”: 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,083,175 31 2. DEPARTMENT OF CULTURAL AFFAIRS 32 For continuation of the project recommended by the Iowa 33 battle flag advisory committee to stabilize the condition of 34 the battle flag collection, notwithstanding section 8.57, 35 -1- LSB 5103XG (21) 83 rh/tm 1/ 26
S.F. _____ H.F. _____ subsection 6, paragraph “c”: 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 100,000 2 3. DEPARTMENT OF ECONOMIC DEVELOPMENT 3 For deposit in the workforce training and economic 4 development funds for each community college in section 5 260C.18A, notwithstanding section 8.57, subsection 6, paragraph 6 “c”: 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,000,000 8 4. DEPARTMENT OF EDUCATION 9 To provide resources for structural and technological 10 improvements to local libraries and for the enrich Iowa 11 program, notwithstanding section 8.57, subsection 6, paragraph 12 “c”: 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 500,000 14 5. DEPARTMENT OF NATURAL RESOURCES 15 For floodplain management and dam safety, notwithstanding 16 section 8.57, subsection 6, paragraph “c”: 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,000,000 18 6. STATE BOARD OF REGENTS 19 a. For allocation by the state board of regents to the 20 state university of Iowa, the Iowa state university of 21 science and technology, and the university of northern Iowa to 22 reimburse the institutions for deficiencies in the operating 23 funds resulting from the pledging of tuition, student fees 24 and charges, and institutional income to finance the cost of 25 providing academic and administrative buildings and facilities 26 and utility services at the institutions, notwithstanding 27 section 8.57, subsection 6, paragraph “c”: 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 24,305,412 29 b. For the Iowa flood center at the state university of Iowa 30 for use by the university’s college of engineering, pursuant 31 to section 466C.1, notwithstanding section 8.57, subsection 6, 32 paragraph “c”: 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,362,567 34 7. TREASURER OF STATE 35 -2- LSB 5103XG (21) 83 rh/tm 2/ 26
S.F. _____ H.F. _____ For deposit in the watershed improvement fund created in 1 section 466A.2, notwithstanding section 8.57, subsection 6, 2 paragraph “c”: 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,000,000 4 8. DEPARTMENT OF VETERANS AFFAIRS 5 For transfer to the Iowa finance authority for the 6 continuation of the home ownership assistance program for 7 persons who are or were eligible members of the armed forces of 8 the United States, pursuant to section 16.54, notwithstanding 9 section 8.57, subsection 6, paragraph “c”: 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,000,000 11 Sec. 2. REVERSION. For purposes of section 8.33, unless 12 specifically provided otherwise, unencumbered or unobligated 13 moneys made from an appropriation in this division of this Act 14 shall not revert but shall remain available for expenditure for 15 the purposes designated until the close of the fiscal year that 16 ends three years after the end of the fiscal year for which the 17 appropriation was made. However, if the project or projects 18 for which such appropriation was made are completed in an 19 earlier fiscal year, unencumbered or unobligated moneys shall 20 revert at the close of that same fiscal year. 21 DIVISION II 22 REBUILD IOWA INFRASTRUCTURE FUND —— GROW 23 IOWA VALUES FUND 24 Sec. 3. There is appropriated from the rebuild Iowa 25 infrastructure fund to the department of economic development 26 for deposit in the grow Iowa values fund, for the fiscal year 27 beginning July 1, 2010, and ending June 30, 2011, the following 28 amount, notwithstanding section 8.57, subsection 6, paragraph 29 “c”: 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 38,000,000 31 Sec. 4. REDUCTION OF THE GROW IOWA VALUES FUND APPROPRIATION 32 TO THE DEPARTMENT OF ECONOMIC DEVELOPMENT. In lieu of the 33 $50,000,000 appropriated for the fiscal year beginning July 1, 34 2010, and ending June 30, 2011, from the grow Iowa values fund 35 -3- LSB 5103XG (21) 83 rh/tm 3/ 26
S.F. _____ H.F. _____ to the department of economic development pursuant to section 1 15G.111, subsection 3, there is appropriated from the grow Iowa 2 values fund to the department of economic development for the 3 fiscal year beginning July 1, 2010, and ending June 30, 2011, 4 $38,000,000 for the purposes of making expenditures pursuant 5 to chapter 15G. 6 Sec. 5. GROW IOWA VALUES FUND ALLOCATIONS. In lieu of the 7 amounts allocated pursuant to section 15G.111, subsections 4 8 through 10, for the fiscal year beginning July 1, 2010, and 9 ending June 30, 2011, of the $38,000,000 appropriated to the 10 department of economic development pursuant to this division of 11 this Act, the department shall allocate the following amounts 12 for the following purposes as described in section 15G.111, 13 subsections 4 through 10: 14 1. For departmental purposes, $23,680,000. 15 2. For the state board of regents institutions, $3,700,000. 16 3. For state parks, $740,000. 17 4. For deposit in the Iowa cultural trust fund, $740,000. 18 5. For community colleges, $5,180,000. 19 6. For regional financial assistance, $740,000. 20 7. For commercialization services, $2,220,000. 21 The department of economic development shall allocate 22 $1,000,000 of the amount appropriated to the department 23 pursuant to this division of this Act to the department of 24 cultural affairs for deposit into the Iowa great places program 25 fund created in section 303.3D for Iowa great places program 26 projects. 27 DIVISION III 28 TECHNOLOGY REINVESTMENT FUND 29 Sec. 6. There is appropriated from the technology 30 reinvestment fund created in section 8.57C to the following 31 departments and agencies for the fiscal year beginning July 32 1, 2010, and ending June 30, 2011, the following amounts, or 33 so much thereof as is necessary, to be used for the purposes 34 designated: 35 -4- LSB 5103XG (21) 83 rh/tm 4/ 26
S.F. _____ H.F. _____ 1. DEPARTMENT OF ADMINISTRATIVE SERVICES 1 For technology improvement projects: 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,855,123 3 2. DEPARTMENT OF CORRECTIONS 4 For costs associated with the Iowa corrections offender 5 network data system: 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 500,000 7 3. DEPARTMENT OF EDUCATION 8 a. For maintenance and lease costs associated with 9 connections for Part III of the Iowa communications network: 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,727,000 11 b. For the implementation of an educational data warehouse 12 that will be utilized by teachers, parents, school district 13 administrators, area education agency staff, department of 14 education staff, and policymakers: 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 600,000 16 The department may use a portion of the moneys appropriated 17 in this lettered paragraph for an e-transcript data system 18 capable of tracking students throughout their education via 19 interconnectivity with multiple schools. 20 4. IOWA TELECOMMUNICATIONS AND TECHNOLOGY COMMISSION 21 For replacement of equipment for the Iowa communications 22 network: 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,244,956 24 The commission may continue to enter into contracts pursuant 25 to section 8D.13 for the replacement of equipment and for 26 operations and maintenance costs of the network. 27 In addition to moneys appropriated in this subsection, 28 the commission may use a financing agreement entered into by 29 the treasurer of state in accordance with section 12.28 for 30 the replacement of equipment for the network. For purposes 31 of this subsection, the treasurer of state is not subject to 32 the maximum principal limitation contained in section 12.28, 33 subsection 6. Repayment of any amounts financed shall be made 34 from receipts associated with fees charged for use of the 35 -5- LSB 5103XG (21) 83 rh/tm 5/ 26
S.F. _____ H.F. _____ network. 1 Sec. 7. REVERSION. For purposes of section 8.33, unless 2 specifically provided otherwise, unencumbered or unobligated 3 moneys made from an appropriation in this division of this Act 4 shall not revert but shall remain available for expenditure for 5 the purposes designated until the close of the fiscal year that 6 ends three years after the end of the fiscal year for which the 7 appropriation was made. However, if the project or projects 8 for which such appropriation was made are completed in an 9 earlier fiscal year, unencumbered or unobligated moneys shall 10 revert at the close of that same fiscal year. 11 DIVISION IV 12 REVENUE BONDS CAPITALS FUND —— APPROPRIATIONS 13 Sec. 8. There is appropriated from the revenue bonds 14 capitals fund created in section 12.88, to the following 15 departments and agencies for the fiscal year beginning July 16 1, 2010, and ending June 30, 2011, the following amounts, or 17 so much thereof as is necessary, to be used for the purposes 18 designated: 19 1. DEPARTMENT OF ADMINISTRATIVE SERVICES 20 For projects related to major repairs and major maintenance 21 for state buildings and facilities: 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,000,000 23 Of the amount appropriated in this subsection, first 24 priority shall be given to the renovation of the Mercy capitol 25 hospital building. 26 2. DEPARTMENT OF CORRECTIONS 27 a. For project management costs at Fort Madison and 28 Mitchellville prisons associated with construction projects: 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,500,000 30 b. For one-time costs associated with the opening of 31 community-based corrections facilities: 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,519,048 33 3. DEPARTMENT OF PUBLIC DEFENSE 34 a. For major maintenance projects at national guard 35 -6- LSB 5103XG (21) 83 rh/tm 6/ 26
S.F. _____ H.F. _____ armories and facilities: 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,500,000 2 b. For construction and renovation costs at the Iowa Falls 3 readiness center: 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 500,000 5 c. For construction and renovation costs at the Cedar Rapids 6 armed forces readiness center: 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 200,000 8 4. IOWA STATE FAIR 9 For infrastructure improvements to the Iowa state 10 fairgrounds including but not limited to the construction of an 11 agricultural exhibition center on the Iowa state fairgrounds: 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,500,000 13 Sec. 9. TAX-EXEMPT STATUS —— USE OF APPROPRIATIONS. 14 1. Payment of moneys from the appropriations in this 15 division of this Act shall be made in a manner that does not 16 adversely affect the tax-exempt status of any outstanding bonds 17 issued by the treasurer of state. 18 2. Payment of moneys from the appropriations in this 19 division of this Act shall not be used for administrative or 20 planning purposes. 21 Sec. 10. REVERSION. For purposes of section 8.33, unless 22 specifically provided otherwise, unencumbered or unobligated 23 moneys made from an appropriation in this division of this Act 24 shall not revert but shall remain available for expenditure for 25 the purposes designated until the close of the fiscal year that 26 ends three years after the end of the fiscal year for which the 27 appropriation was made. However, if the project or projects 28 for which such appropriation was made are completed in an 29 earlier fiscal year, unencumbered or unobligated moneys shall 30 revert at the close of that same fiscal year. 31 DIVISION V 32 REVENUE BONDS CAPITALS II FUND —— APPROPRIATIONS 33 Sec. 11. NEW SECTION . 12.88A Revenue bonds capitals II 34 fund. 35 -7- LSB 5103XG (21) 83 rh/tm 7/ 26
S.F. _____ H.F. _____ 1. A revenue bonds capitals II fund is created and 1 established as a separate and distinct fund in the state 2 treasury. The treasurer of state shall act as custodian of the 3 fund and disburse moneys contained in the fund. 4 2. Revenue for the revenue bonds capitals II fund shall 5 include but is not limited to the following, which shall be 6 deposited with the treasurer of state or the treasurer of 7 state’s designee as provided by any bond or security documents 8 and credited to the fund: 9 a. The net proceeds of bonds issued after July 1, 2010, 10 pursuant to section 12.87 other than bonds issued for the 11 purpose of refunding such bonds, and investment earnings on the 12 net proceeds. 13 b. Interest attributable to investment of moneys in the fund 14 or an account of the fund. 15 c. Moneys in the form of a devise, gift, bequest, donation, 16 federal or other grant, reimbursement, repayment, judgment, 17 transfer, payment, or appropriation from any source intended to 18 be used for the purposes of the fund. 19 3. Moneys in the revenue bonds capitals II fund are not 20 subject to section 8.33. Notwithstanding section 12C.7, 21 subsection 2, interest or earnings on moneys in the fund shall 22 be credited to the fund. 23 4. Annually, on or before January 15 of each year, a state 24 agency that received an appropriation from the revenue bonds 25 capitals II fund shall report to the legislative services 26 agency and the department of management the status of all 27 projects completed or in progress. The report shall include 28 a description of the project, the work completed, the total 29 estimated cost of the project, a list of all revenue sources 30 being used to fund the project, the amount of funds expended, 31 the amount of funds obligated, and the date the project was 32 completed or an estimated completion date of the project, where 33 applicable. 34 Sec. 12. There is appropriated from the revenue bonds 35 -8- LSB 5103XG (21) 83 rh/tm 8/ 26
S.F. _____ H.F. _____ capitals II fund created in section 12.88A to the following 1 departments and agencies for the fiscal year beginning July 2 1, 2010, and ending June 30, 2011, the following amounts, or 3 so much thereof as is necessary, to be used for the purposes 4 designated: 5 1. DEPARTMENT OF ECONOMIC DEVELOPMENT 6 a. For the community attraction and tourism program 7 established in section 15F.202: 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 12,000,000 9 b. For the river enhancement community attraction and 10 tourism program established in chapter 15F.205: 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000,000 12 c. For the accelerated career education program: 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,500,000 14 2. DEPARTMENT OF EDUCATION 15 For major renovation and major repair needs, including 16 health, life, and fire safety needs and for compliance with the 17 federal Americans with Disabilities Act, for state buildings 18 and facilities under the purview of the community colleges: 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,000,000 20 3. DEPARTMENT OF NATURAL RESOURCES 21 For implementation of lake projects that have established 22 watershed improvement initiatives and community support in 23 accordance with the department’s annual lake restoration plan 24 and report: 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,000,000 26 4. STATE BOARD OF REGENTS 27 For phase II of the construction and renovation of the 28 veterinary medical facilities at Iowa state university of 29 science and technology, specifically the renovation and 30 modernization of the area formerly occupied by the large animal 31 area of the teaching hospital for expanded clinical services: 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 13,000,000 33 5. DEPARTMENT OF TRANSPORTATION 34 a. For the public transit infrastructure grant program in 35 -9- LSB 5103XG (21) 83 rh/tm 9/ 26
S.F. _____ H.F. _____ section 324A.6A: 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,200,000 2 b. For infrastructure improvements at the commercial 3 service airports within the state: 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,500,000 5 6. IOWA FINANCE AUTHORITY 6 For the Iowa jobs program established in section 16.194: 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000,000 8 DIVISION VI 9 IOWA COMPREHENSIVE PETROLEUM UNDERGROUND 10 STORAGE TANK FUND —— TRANSFER 11 Sec. 13. IOWA COMPREHENSIVE PETROLEUM UNDERGROUND STORAGE 12 TANK FUND. There is transferred and appropriated from the Iowa 13 comprehensive petroleum underground storage tank fund created 14 in section 455G.3 to the department of education for the fiscal 15 year beginning July 1, 2010, and ending June 30, 2011, the 16 following amount, or so much thereof as is necessary, to be 17 used for the purpose designated: 18 Notwithstanding section 455G.3, subsection 1, to supplement 19 the standing appropriation in section 256C.6, subsection 2: 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,418,206 21 DIVISION VII 22 CHANGES TO PRIOR APPROPRIATIONS 23 Sec. 14. 2008 Iowa Acts, chapter 1179, section 5, is amended 24 to read as follows: 25 SEC. 5. DEPARTMENT OF PUBLIC DEFENSE. There is appropriated 26 from the rebuild Iowa infrastructure fund to the department of 27 public defense for the designated fiscal years the following 28 amounts, or so much thereof as is necessary, to be used for the 29 purpose designated: 30 For construction improvement projects at statewide national 31 guard armories: 32 FY 2009-2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,800,000 33 FY 2010-2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,800,000 34 0 35 -10- LSB 5103XG (21) 83 rh/tm 10/ 26
S.F. _____ H.F. _____ Notwithstanding section 8.33, moneys appropriated in this 1 section for the fiscal year beginning July 1, 2009, and ending 2 June 30, 2010, shall not revert at the close of the fiscal year 3 for which they are appropriated but shall remain available 4 for the purpose designated until the close of the fiscal year 5 that begins July 1, 2012, or until the project for which the 6 appropriation was made is completed, whichever is earlier. 7 Notwithstanding section 8.33, moneys appropriated in this 8 section for the fiscal year beginning July 1, 2010, and ending 9 June 30, 2011, shall not revert at the close of the fiscal year 10 for which they are appropriated but shall remain available 11 for the purpose designated until the close of the fiscal year 12 that begins July 1, 2013, or until the project for which the 13 appropriation was made is completed, whichever is earlier. 14 Sec. 15. 2008 Iowa Acts, chapter 1179, section 7, as amended 15 by 2009 Iowa Act, chapter 173, section 21, is amended to read 16 as follows: 17 SEC. 7. DEPARTMENT OF ECONOMIC DEVELOPMENT. There is 18 appropriated from the rebuild Iowa infrastructure fund to 19 the department of economic development for the designated 20 fiscal years the following amounts, or so much thereof as is 21 necessary, to be used for the purposes designated: 22 For deposit into the river enhancement community attraction 23 and tourism fund created in 2008 Iowa Acts, Senate File 2430, 24 if enacted: 25 FY 2009-2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0 26 FY 2010-2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000,000 27 0 28 FY 2011-2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000,000 29 FY 2012-2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000,000 30 Notwithstanding section 8.33, moneys appropriated in this 31 section for the fiscal year beginning July 1, 2010, and ending 32 June 30, 2011, shall not revert at the close of the fiscal year 33 for which they are appropriated but shall remain available 34 for the purpose designated until the close of the fiscal year 35 -11- LSB 5103XG (21) 83 rh/tm 11/ 26
S.F. _____ H.F. _____ that begins July 1, 2013, or until the project for which the 1 appropriation was made is completed, whichever is earlier. 2 Notwithstanding section 8.33, moneys appropriated in this 3 section for the fiscal year beginning July 1, 2011, and ending 4 June 30, 2012, shall not revert at the close of the fiscal year 5 for which they are appropriated but shall remain available 6 for the purpose designated until the close of the fiscal year 7 that begins July 1, 2014, or until the project for which the 8 appropriation was made is completed, whichever is earlier. 9 Notwithstanding section 8.33, moneys appropriated in this 10 section for the fiscal year beginning July 1, 2012, and ending 11 June 30, 2013, shall not revert at the close of the fiscal year 12 for which they are appropriated but shall remain available 13 for the purpose designated until the close of the fiscal year 14 that begins July 1, 2015, or until the project for which the 15 appropriation was made is completed, whichever is earlier. 16 Sec. 16. 2008 Iowa Acts, chapter 1179, section 18, 17 subsection 3, as amended by 2009 Iowa Acts, chapter 173, 18 section 24, is amended to read as follows: 19 3. DEPARTMENT OF CORRECTIONS 20 a. For expansion of the community-based corrections 21 facility at Sioux City: 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,300,000 23 b. For expansion of the community-based corrections 24 facility at Ottumwa: 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,100,000 26 c. For expansion of the community-based corrections 27 facility at Waterloo: 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,000,000 29 d. For expansion of the community-based corrections 30 facility at Davenport: 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,100,000 32 e. For expansion, including land acquisition, of the 33 community-based corrections facility at Des Moines: 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 13,100,000 35 -12- LSB 5103XG (21) 83 rh/tm 12/ 26
S.F. _____ H.F. _____ 2,359,072 1 The appropriation in this lettered paragraph is contingent 2 upon relocation of the sex offender treatment program from 3 the community-based corrections facility at Des Moines to 4 the property in northeast Des Moines identified by the fifth 5 judicial district in the facility and site study final report 6 submitted December 12, 2008. 7 It is the intent of the general assembly that the funds 8 appropriated in paragraphs “a” through “e” be used to expand 9 the number of beds available through new construction and 10 remodeling and for the expansion of existing facilities. 11 f. For expansion of the Iowa correctional facility for women 12 at Mitchellville: 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 47,500,000 14 g. For the remodeling of kitchens at the correctional 15 facilities at Mount Pleasant and Rockwell City: 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 12,500,000 17 Sec. 17. 2009 Iowa Acts, chapter 173, section 13, subsection 18 4, paragraphs b, c, and d, are amended to read as follows: 19 b. For deposit into the public service shelter grant fund 20 created in section 16.185 for grants for the construction, 21 renovation, and improvements to homeless shelters, emergency 22 shelters, and family and domestic violence shelters: 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000,000 24 c. For deposit into the disaster damage housing assistance 25 grant fund created in section 16.186 for grants to ease and 26 speed recovery efforts from the natural disasters of 2008, 27 including stabilizing neighborhoods damaged by the natural 28 disasters, preventing population loss and neighborhood 29 deterioration, and improving the health, safety, and welfare of 30 persons living in such disaster-damaged neighborhoods: 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,000,000 32 d. For deposit into the affordable housing assistance grant 33 fund created in section 16.187 for grants for housing for 34 certain elderly, disabled, and low-income persons and public 35 -13- LSB 5103XG (21) 83 rh/tm 13/ 26
S.F. _____ H.F. _____ servants in critical skills shortage areas of the state: 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 20,000,000 2 Sec. 18. 2009 Iowa Acts, chapter 173, section 13, subsection 3 6, is amended to read as follows: 4 6. DEPARTMENT OF TRANSPORTATION 5 For deposit into the bridge safety fund created in section 6 313.68 to be used for infrastructure projects relating to 7 functionally obsolete and structurally deficient bridges: 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 50,000,000 9 Sec. 19. 2009 Iowa Acts, chapter 174, section 6, is 10 repealed. 11 Sec. 20. 2009 Iowa Acts, chapter 184, section 2, subsections 12 1, 2, 4, and 5, are amended by striking the subsections. 13 DIVISION VIII 14 MISCELLANEOUS CODE CHANGES 15 Sec. 21. Section 8.57, subsection 6, paragraph e, Code 16 Supplement 2009, is amended to read as follows: 17 e. (1) (a) (i) Notwithstanding provisions to the contrary 18 in sections 99D.17 and 99F.11, for the fiscal year beginning 19 July 1, 2000, and for each fiscal year thereafter, not more 20 than a total of sixty-six million dollars shall be deposited 21 in the general fund of the state in any fiscal year pursuant to 22 sections 99D.17 and 99F.11. 23 (ii) However, in lieu of the deposit in subparagraph 24 subdivision (i), for the fiscal year beginning July 1, 2010, 25 and for each fiscal year thereafter until the principal and 26 interest on all bonds issued by the treasurer of state pursuant 27 to section 12.87 are paid, as determined by the treasurer of 28 state, the first fifty-five million dollars of the moneys 29 directed to be deposited in the general fund of the state under 30 subparagraph subdivision (i) shall be deposited in the revenue 31 bonds debt service fund created in section 12.89, and the next 32 five three million seven hundred fifty thousand dollars of the 33 moneys directed to be deposited in the general fund of the 34 state under subparagraph subdivision (i) shall be deposited 35 -14- LSB 5103XG (21) 83 rh/tm 14/ 26
S.F. _____ H.F. _____ in the revenue bonds federal subsidy holdback fund created 1 in section 12.89, and the next one million two hundred fifty 2 thousand dollars of the moneys directed to be deposited in the 3 general fund of the state under subparagraph subdivision (i) 4 shall be deposited in the general fund of the state. 5 (b) The next fifteen million dollars of the moneys directed 6 to be deposited in the general fund of the state in a fiscal 7 year pursuant to sections 99D.17 and 99F.11 shall be deposited 8 in the vision Iowa fund created in section 12.72 for the fiscal 9 year beginning July 1, 2000, and for each fiscal year through 10 the fiscal year beginning July 1, 2019. 11 (c) The next five million dollars of the moneys directed to 12 be deposited in the general fund of the state in a fiscal year 13 pursuant to sections 99D.17 and 99F.11 shall be deposited in 14 the school infrastructure fund created in section 12.82 for the 15 fiscal year beginning July 1, 2000, and for each fiscal year 16 thereafter until the principal and interest on all bonds issued 17 by the treasurer of state pursuant to section 12.81 are paid, 18 as determined by the treasurer of state. 19 (d) (i) The total moneys in excess of the moneys deposited 20 in the revenue bonds debt service fund, the revenue bonds 21 federal holdback subsidy fund, the vision Iowa fund, the 22 school infrastructure fund, and the general fund of the 23 state in a fiscal year shall be deposited in the rebuild Iowa 24 infrastructure fund and shall be used as provided in this 25 section, notwithstanding section 8.60. 26 (ii) However, in lieu of the deposit in subparagraph 27 subdivision (i), for the fiscal year beginning July 1, 2010, 28 and for each fiscal year thereafter until the principal 29 and interest on all bonds issued by the treasurer of state 30 pursuant to section 12.87 are paid, as determined by the 31 treasurer of state, fifty-five sixty-one million dollars of 32 the excess moneys directed to be deposited in the rebuild Iowa 33 infrastructure fund under subparagraph subdivision (i) shall be 34 deposited in the general fund of the state. 35 -15- LSB 5103XG (21) 83 rh/tm 15/ 26
S.F. _____ H.F. _____ (2) If the total amount of moneys directed to be deposited 1 in the general fund of the state under sections 99D.17 and 2 99F.11 in a fiscal year is less than the total amount of moneys 3 directed to be deposited in the revenue bonds debt service 4 fund and the revenue bonds federal subsidy holdback fund in 5 the fiscal year pursuant to this paragraph “e” , the difference 6 shall be paid from moneys deposited in the beer and liquor 7 control fund created in section 123.53 in the manner provided 8 in section 123.53, subsection 3. 9 (3) After the deposit of moneys directed to be deposited 10 in the general fund of the state , and the revenue bonds debt 11 service fund , and the revenue bonds federal subsidy holdback 12 fund, as provided in subparagraph (1), subparagraph division 13 (a), if the total amount of moneys directed to be deposited 14 in the general fund of the state under sections 99D.17 and 15 99F.11 in a fiscal year is less than the total amount of 16 moneys directed to be deposited in the vision Iowa fund and 17 the school infrastructure fund in the fiscal year pursuant to 18 this paragraph “e” , the difference shall be paid from lottery 19 revenues in the manner provided in section 99G.39, subsection 20 3. 21 Sec. 22. Section 8.57, subsection 6, paragraph f, Code 22 Supplement 2009, is amended to read as follows: 23 f. There is appropriated from the rebuild Iowa 24 infrastructure fund to the secure an advanced vision for 25 education fund created in section 423F.2, for each fiscal year 26 of the fiscal period beginning July 1, 2008, and ending June 27 30, 2014, 2010, and for each fiscal year of the fiscal period 28 beginning July 1, 2011, and ending June 30, 2014, the amount of 29 the moneys in excess of the first forty-seven million dollars 30 credited to the rebuild Iowa infrastructure fund during the 31 fiscal year, not to exceed ten million dollars. 32 Sec. 23. Section 8.57A, subsection 4, Code 2009, is amended 33 to read as follows: 34 4. a. There is appropriated from the rebuild Iowa 35 -16- LSB 5103XG (21) 83 rh/tm 16/ 26
S.F. _____ H.F. _____ infrastructure fund for the fiscal year years beginning July 1 1, 2008, July 1, 2009, and July 1, 2011, and for each fiscal 2 year thereafter, the sum of forty-two million dollars to 3 the environment first fund, notwithstanding section 8.57, 4 subsection 6, paragraph “c” . 5 b. There is appropriated from the rebuild Iowa 6 infrastructure fund for the fiscal year beginning July 1, 2010, 7 the sum of thirty-five million dollars to the environment first 8 fund, notwithstanding section 8.57, subsection 6, paragraph 9 “c” . 10 Sec. 24. Section 8.57C, subsection 3, Code Supplement 2009, 11 is amended to read as follows: 12 3. a. There is appropriated from the general fund of the 13 state for the fiscal years beginning July 1, 2006, July 1, 14 2007, July 1, 2010 2011 , and for each subsequent fiscal year 15 thereafter, the sum of seventeen million five hundred thousand 16 dollars to the technology reinvestment fund. 17 b. There is appropriated from the rebuild Iowa 18 infrastructure fund for the fiscal year beginning July 1, 2008, 19 and ending June 30, 2009, the sum of seventeen million five 20 hundred thousand dollars, and for the fiscal year beginning 21 July 1, 2009, and ending June 30, 2010, the sum of fourteen 22 million five hundred twenty-five thousand dollars to the 23 technology reinvestment fund, notwithstanding section 8.57, 24 subsection 6, paragraph “c” . 25 c. There is appropriated from the rebuild Iowa 26 infrastructure fund for the fiscal year beginning July 1, 2010, 27 the sum of ten million dollars to the technology reinvestment 28 fund, notwithstanding section 8.57, subsection 6, paragraph 29 “c” . 30 Sec. 25. Section 12.87, subsections 1 and 2, Code Supplement 31 2009, are amended to read as follows: 32 1. The treasurer of state is authorized to issue and sell 33 bonds on behalf of the state to provide funds for certain 34 infrastructure projects and for purposes of the Iowa jobs 35 -17- LSB 5103XG (21) 83 rh/tm 17/ 26
S.F. _____ H.F. _____ program established in section 16.194. The treasurer of state 1 shall have all of the powers which are necessary or convenient 2 to issue, sell and secure bonds and carry out the treasurer of 3 state’s duties, and exercise the treasurer of state’s authority 4 under this section and sections 12.88 through 12.90. The 5 treasurer of state may issue and sell bonds in such amounts as 6 the treasurer of state determines to be necessary to provide 7 sufficient funds for certain infrastructure projects and the 8 revenue bonds capitals fund, the revenue bonds capitals II 9 fund, the payment of interest on the bonds, the establishment 10 of reserves to secure the bonds, the payment of costs of 11 issuance of the bonds, the payment of other expenditures of 12 the treasurer of state incident to and necessary or convenient 13 to carry out the issuance and sale of the bonds, and the 14 payment of all other expenditures of the treasurer of state 15 necessary or convenient to administer the funds and to carry 16 out the purposes for which the bonds are issued and sold. 17 The treasurer of state may issue and sell bonds in one or 18 more series on the terms and conditions the treasurer of 19 state determines to be in the best interest of the state, in 20 accordance with this section in such amounts as the treasurer 21 of state determines to be necessary to fund the purposes for 22 which such bonds are issued and sold . as follows: 23 a. The treasurer of state may issue and sell bonds in 24 amounts which provide aggregate net proceeds of not more 25 than five hundred forty-five six hundred ninety-five million 26 dollars, excluding any bonds issued and sold to refund 27 outstanding bonds issued under this section, as follows: 28 a. (1) The On or after July 1, 2009, the treasurer of 29 state may issue and sell bonds in amounts which provide 30 aggregate net proceeds of not more than one hundred eighty-five 31 million dollars for capital projects which qualify as vertical 32 infrastructure projects as defined in section 8.57, subsection 33 6, paragraph “c” , to the extent practicable in any fiscal year 34 and without limiting other qualifying capital expenditures. 35 -18- LSB 5103XG (21) 83 rh/tm 18/ 26
S.F. _____ H.F. _____ b. (2) The On or after July 1, 2009, the treasurer of state 1 may issue and sell bonds in amounts which provide aggregate 2 net proceeds of not more than three hundred sixty million 3 dollars for purposes of the Iowa jobs program established 4 in section 16.194 and for watershed flood rebuilding and 5 prevention projects, soil conservation projects, sewer 6 infrastructure projects, for certain housing and public service 7 shelter projects and public broadband and alternative energy 8 projects, and for projects relating to bridge safety and the 9 rehabilitation of deficient bridges. 10 (3) On or after July 1, 2010, the treasurer of state may 11 issue and sell bonds in amounts which provide aggregate net 12 proceeds of not more than one hundred fifty million dollars for 13 purposes of the Iowa jobs program established in section 16.194 14 and for qualified projects in the departments of economic 15 development, education, natural resources, and transportation, 16 and the Iowa finance authority and the state board of regents. 17 2. Bonds issued and sold under this section are payable 18 solely and only out of the moneys in the revenue bonds debt 19 service fund , the revenue bonds federal subsidy holdback 20 fund, and any bond reserve funds established pursuant to 21 section 12.89, and only to the extent provided in the trust 22 indenture, resolution, or other instrument authorizing their 23 issuance. All moneys in the revenue bonds debt service fund , 24 the revenue bonds federal subsidy holdback fund, and any bond 25 reserve funds established pursuant to section 12.89 may be 26 deposited with trustees or depositories in accordance with 27 the terms of the trust indentures, resolutions, or other 28 instruments authorizing the issuance of bonds and pledged by 29 the treasurer of state to the payment thereof. Bonds issued 30 and sold under this section shall contain a statement that the 31 bonds are limited special obligations of the state and do not 32 constitute a debt or indebtedness of the state or a pledge 33 of the faith or credit of the state or a charge against the 34 general credit or general fund of the state. The treasurer 35 -19- LSB 5103XG (21) 83 rh/tm 19/ 26
S.F. _____ H.F. _____ of state shall not pledge the credit or taxing power of this 1 state or any political subdivision of this state or make bonds 2 issued and sold pursuant to this section payable out of any 3 moneys except those in the revenue bonds debt service fund , 4 the revenue bonds federal subsidy holdback fund, and any bond 5 reserve funds established pursuant to section 12.89. 6 Sec. 26. Section 12.89, subsection 2, Code Supplement 2009, 7 is amended by adding the following new paragraph: 8 NEW PARAGRAPH . Od. Federal subsidies and any transfers 9 from the revenue bonds federal subsidy holdback fund created 10 pursuant to section 12.89A. 11 Sec. 27. NEW SECTION . 12.89A Revenue bonds federal subsidy 12 holdback fund. 13 1. A revenue bonds federal subsidy holdback fund is created 14 and established as a separate and distinct fund in the state 15 treasury. The treasurer of state shall act as custodian of the 16 fund and disburse moneys contained in the fund. 17 2. The moneys in such fund shall include all of the 18 following: 19 a. The revenues required to be deposited in the fund 20 pursuant to section 8.57, subsection 6, paragraph “e” , 21 subparagraphs (1) and (2). 22 b. Interest attributable to investment moneys in the fund. 23 c. Any other moneys from any other sources which may be 24 legally available to the treasurer of state for the purpose of 25 the fund. 26 3. The moneys in the revenue bonds federal subsidy holdback 27 fund are appropriated and shall be used or transferred to the 28 revenue bonds debt service fund created in section 12.89, 29 subsection 1, solely for the purpose of making payments of 30 principal and interest on federal subsidy bonds when due, if 31 the treasurer of state or the treasurer’s designee has not 32 received a federal subsidy scheduled to be received for such 33 payment by the due date. 34 4. The moneys on deposit in the revenue bonds federal 35 -20- LSB 5103XG (21) 83 rh/tm 20/ 26
S.F. _____ H.F. _____ subsidy holdback fund shall be used or transferred to the 1 revenue bonds debt service fund created in section 12.89, 2 subsection 1, solely for the purpose of making payments of 3 principal and interest on federal subsidy bonds prior to any 4 use or transfer of moneys on deposit in any bond reserve fund 5 created for such federal subsidy bonds by the treasurer of 6 state pursuant to section 12.89, subsection 3, paragraph “a” . 7 5. At any time during each fiscal year that there are moneys 8 on deposit in the revenue bonds federal subsidy holdback fund 9 that are not needed to pay principal and interest on federal 10 subsidy bonds during such fiscal year as determined by the 11 treasurer of state or the treasurer’s designee, all moneys on 12 deposit in the revenue bonds federal subsidy holdback account 13 shall be credited to the general fund of the state. 14 6. For purposes of this section: 15 a. “Federal subsidy” means any payment from the federal 16 government with respect to federal subsidy bonds. 17 b. “Federal subsidy bonds” means any bonds issued and 18 sold pursuant to section 12.87 for which a federal subsidy is 19 expected to be paid on or before any date on which interest on 20 such bonds is due and payable. 21 Sec. 28. Section 15F.204, subsection 8, paragraph a, 22 subparagraph (6), Code Supplement 2009, is amended by striking 23 the subparagraph. 24 Sec. 29. Section 15F.204, subsection 8, paragraph b, 25 subparagraph (4), Code Supplement 2009, is amended by striking 26 the subparagraph. 27 Sec. 30. Section 15G.110, subsection 1, Code Supplement 28 2009, is amended to read as follows: 29 1. For the fiscal period beginning July 1, 2005, and ending 30 June 30, 2008, and for the fiscal period beginning July 1, 31 2010 2011 , and ending June 30, 2015, there is appropriated to 32 the department of economic development each fiscal year fifty 33 million dollars from the general fund of the state for deposit 34 in the grow Iowa values fund. 35 -21- LSB 5103XG (21) 83 rh/tm 21/ 26
S.F. _____ H.F. _____ Sec. 31. Section 123.53, subsections 3 and 4, Code 1 Supplement 2009, are amended to read as follows: 2 3. Notwithstanding subsection 2, if gaming revenues under 3 sections 99D.17 and 99F.11 are insufficient in a fiscal year to 4 meet the total amount of such revenues directed to be deposited 5 in the revenue bonds debt service fund and the revenue bonds 6 federal subsidy holdback fund during the fiscal year pursuant 7 to section 8.57, subsection 6, paragraph “e” , the difference 8 shall be paid from moneys deposited in the beer and liquor 9 control fund prior to transfer of such moneys to the general 10 fund pursuant to subsection 2 and prior to the transfer of such 11 moneys pursuant to subsections 5 and 6. If moneys deposited in 12 the beer and liquor control fund are insufficient during the 13 fiscal year to pay the difference, the remaining difference 14 shall be paid from moneys deposited in the beer and liquor 15 control fund in subsequent fiscal years as such moneys become 16 available. 17 4. The treasurer of state shall, each quarter, prepare 18 an estimate of the gaming revenues and of the moneys to be 19 deposited in the beer and liquor control fund that will become 20 available during the remainder of the appropriate fiscal year 21 for the purposes described in subsection 3. The department 22 of management, the department of inspections and appeals, and 23 the department of commerce shall take appropriate actions to 24 provide that the sum of the amount of gaming revenues available 25 to be deposited into the revenue bonds debt service fund during 26 a fiscal year and the amount of moneys to be deposited in the 27 beer and liquor control fund available to be deposited into 28 the revenue bonds debt service fund and the revenue bonds 29 federal subsidy holdback fund during such fiscal year will be 30 sufficient to cover any anticipated deficiencies. 31 Sec. 32. REPEAL. Sections 8.57D, 12.90A, 12.90B, 12.90C, 32 16.185, 16.186, 16.187, and 313.68, Code Supplement 2009, are 33 repealed. 34 EXPLANATION 35 -22- LSB 5103XG (21) 83 rh/tm 22/ 26
S.F. _____ H.F. _____ This bill makes appropriations to state departments and 1 agencies from the rebuild Iowa infrastructure fund, the 2 technology reinvestment fund, the revenue bonds capitals fund, 3 the revenue bonds capitals II fund, and provides for related 4 matters. 5 DIVISION I —— REBUILD IOWA INFRASTRUCTURE FUND 6 APPROPRIATIONS. This division appropriates project funding 7 for FY 2010-2011 from the rebuild Iowa infrastructure fund, 8 including projects for the departments of administrative 9 services, cultural affairs, economic development, education, 10 natural resources, and veterans affairs, and to the state board 11 of regents and the treasurer of state. 12 DIVISION II —— REBUILD IOWA INFRASTRUCTURE FUND —— GROW IOWA 13 VALUES FUND. This division decreases the FY 2010-2011 standing 14 appropriation from the grow Iowa values fund to the department 15 of economic development from $50 million to $38 million and 16 makes conforming changes to certain allocations. The division 17 appropriates $38 million from the rebuild Iowa infrastructure 18 fund to the grow Iowa values fund for FY 2010-2011. 19 DIVISION III —— TECHNOLOGY REINVESTMENT FUND —— 20 APPROPRIATIONS. This division appropriates project funding 21 for FY 2010-2011 from the technology reinvestment fund for 22 the departments of administrative services, corrections, and 23 education, and the Iowa telecommunications and technology 24 commission. 25 DIVISION IV —— REVENUE BONDS CAPITALS FUND —— 26 APPROPRIATIONS. This division appropriates project funding 27 for FY 2010-2011 from the revenue bonds capitals fund for the 28 departments of administrative services, corrections, and public 29 defense, and the Iowa state fair. 30 DIVISION V —— REVENUE BONDS CAPITALS II FUND —— 31 APPROPRIATIONS. The division creates a revenue bonds capitals 32 II fund. Revenue for the revenue bonds capitals II fund shall 33 include but is not limited to the net proceeds of certain bonds 34 issued by the treasurer of state on or after July 1, 2010, 35 -23- LSB 5103XG (21) 83 rh/tm 23/ 26
S.F. _____ H.F. _____ interest attributable to investment of moneys in the fund or 1 an account of the fund, and moneys in the form of a devise, 2 gift, bequest, donation, federal or other grant, reimbursement, 3 repayment, judgment, transfer, payment, or appropriation from 4 any source intended to be used for the purposes of the fund. 5 Annually, on or before January 15 of each year, a state agency 6 that received an appropriation from the revenue bonds capitals 7 II fund shall report to the legislative services agency and the 8 department of management the status of all projects completed 9 or in progress. 10 The division appropriates project funding for FY 2010-2011 11 from the revenue bonds capitals II fund created in the bill to 12 the departments of economic development, education, natural 13 resources, and transportation and to the Iowa finance authority 14 and the state board of regents. 15 DIVISION VI —— IOWA COMPREHENSIVE PETROLEUM UNDERGROUND 16 STORAGE TANK FUND —— TRANSFER. This division transfers and 17 appropriated moneys from the Iowa comprehensive petroleum 18 underground storage tank fund created in Code section 455G.3 to 19 the department of education for FY 2010-2011 to supplement a 20 standing appropriation for four-year-old preschool. 21 DIVISION VII —— CHANGES TO PRIOR YEAR APPROPRIATIONS. This 22 division makes changes to prior year appropriations from the 23 rebuild Iowa infrastructure fund for FY 2010-2011 for the 24 departments of administrative services, corrections, economic 25 development, public defense, and transportation, and the Iowa 26 state fair and the state board of regents. 27 DIVISION VIII —— MISCELLANEOUS CODE CHANGES. The division 28 authorizes the treasurer of state to issue and sell bonds 29 in amounts which provide aggregate net proceeds of not more 30 than $150 million for purposes of the Iowa jobs program 31 established in Code section 16.194 and for qualified projects 32 in the departments of economic development, education, natural 33 resources, and transportation, and the Iowa finance authority 34 and the state board of regents. 35 -24- LSB 5103XG (21) 83 rh/tm 24/ 26
S.F. _____ H.F. _____ The division eliminates the standing FY 2010-2011 $10 1 million appropriation from the rebuild Iowa infrastructure fund 2 to the secure an advanced vision for education (SAVE) fund. 3 The division reduces the FY 2010-2011 standing appropriation 4 from the rebuild Iowa infrastructure fund to the environment 5 first fund from $42 million to $35 million. 6 The division appropriates $10 million from the rebuild Iowa 7 infrastructure fund to the technology reinvestment fund for FY 8 2010-2011. 9 The division makes changes to Code section 8.57 relating 10 to the distribution of wagering tax allocations for purposes 11 of pledging a revenue stream for revenue bonds issued on or 12 after July 1, 2010, authorized under the bill. In addition, 13 the division makes changes to Code section 123.53 relating to 14 the beer and liquor control fund to provide for a secondary 15 source of revenue funding for the revenue bonds relating to the 16 revenue bonds federal subsidy holdback fund. 17 The division creates a revenue bonds federal subsidy 18 holdback fund comprised of the wagering tax revenues required 19 to be deposited in the fund, interest attributable to 20 investment moneys in the fund, and any other moneys from any 21 other sources which may be legally available to the treasurer 22 of state for the purpose of the fund. The moneys in the 23 revenue bonds federal subsidy holdback fund are appropriated 24 and shall be used or transferred to the revenue bonds debt 25 service fund solely for the purpose of making payments of 26 principal and interest on the federal subsidy bonds when due, 27 if the treasurer of state or the treasurer’s designee has not 28 received a federal subsidy scheduled to be received for such 29 payment by the due date. The moneys on deposit in the revenue 30 bonds federal subsidy holdback fund are required to be used 31 or transferred to the revenue bonds debt service fund solely 32 for the purpose of making payments of principal and interest 33 on federal subsidy bonds prior to any use or transfer of 34 moneys on deposit in any bond reserve fund created for such 35 -25- LSB 5103XG (21) 83 rh/tm 25/ 26
S.F. _____ H.F. _____ federal subsidy bonds by the treasurer of state. At any time 1 during each fiscal year that there are moneys on deposit in 2 the revenue bonds federal subsidy holdback fund that are not 3 needed to pay principal and interest on federal subsidy bonds 4 during such fiscal year, all moneys on deposit in the revenue 5 bonds federal subsidy holdback account shall be credited to 6 the general fund. For purposes of the bill, “federal subsidy” 7 means any payment from the federal government with respect to 8 federal subsidy bonds and “federal subsidy bonds” means any 9 bonds issued and sold pursuant to Code section 12.87 for which 10 a federal subsidy is expected to be paid on or before any date 11 on which interest on such bonds is due and payable. 12 The division eliminates standing appropriations for FY 13 2010-2011 from the rebuild Iowa infrastructure fund to the 14 community attraction and tourism fund and from the franchise 15 tax revenues deposited in the general fund of the state to the 16 community attraction and tourism fund. 17 The division shifts the standing appropriation for FY 18 2010-2011 to the department of economic development from the 19 rebuild Iowa infrastructure fund back to the general fund 20 of the state for deposit in the grow Iowa values fund to FY 21 2011-2012. 22 The division repeals Code section 12.90A authorizing the 23 treasurer of state to issue annual appropriation bonds on or 24 after July 1, 2010, and makes conforming changes by repealing 25 the annual appropriation bonds debt service fund (Code section 26 12.90B), the appropriations bonds capitals fund (Code section 27 12.90C), and the vertical infrastructure restricted capitals 28 fund (Code section 8.57D). 29 The division repeals the public service shelter grant 30 fund (Code section 16.185), the disaster damage housing 31 assistance grant fund (Code section 16.186), the affordable 32 housing assistance grant fund (Code section 16.187), and the 33 bridge safety fund (Code section 313.68), and makes conforming 34 changes. 35 -26- LSB 5103XG (21) 83 rh/tm 26/ 26