S.F. _____ H.F. _____ Section 1. 2016 Iowa Acts, chapter 1133, section 2, is 1 amended to read as follows: 2 SEC. 2. REVERSION. 3 1. For Except as provided in subsection 2, for purposes 4 of section 8.33 , unless specifically provided otherwise, 5 unencumbered or unobligated moneys made from an appropriation 6 in this division of this Act shall not revert but shall remain 7 available for expenditure for the purposes designated until the 8 close of the fiscal year that ends three years after the end of 9 the fiscal year for which the appropriation is made. However, 10 if the project or projects for which such appropriation was 11 made are completed in an earlier fiscal year, unencumbered 12 or unobligated moneys shall revert at the close of that same 13 fiscal year. 14 2. For purposes of section 8.33, unless specifically 15 provided otherwise, unencumbered or unobligated moneys 16 appropriated and allocated for the costs of major maintenance 17 of monuments without dedicated funds available for maintenance 18 and restoration, in section 1, subsection 1, in this division 19 of this Act, shall not revert but shall remain available for 20 the purpose designated until the close of the fiscal year that 21 begins July 1, 2023. 22 EXPLANATION 23 The inclusion of this explanation does not constitute agreement with 24 the explanation’s substance by the members of the general assembly. 25 This bill makes a change to the reversion provision 26 applicable to moneys appropriated from the rebuild Iowa 27 infrastructure fund for FY 2016-2017 to the department of 28 administrative services and allocated for the costs of major 29 maintenance of monuments without dedicated funds available 30 for maintenance and restoration. The bill extends the date 31 for when unencumbered or unobligated moneys appropriated and 32 allocated for major maintenance of such monuments reverts until 33 the close of the fiscal year beginning July 1, 2023. 34 -1- LSB 1203XD (2) 88 ec/tm 1/ 1