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House File 81 - IntroducedA Bill ForAn Act 1relating to annual appropriations to the veterans trust
2fund and making an appropriation and including effective
3date and applicability provisions.
4BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 Section 1. Section 35A.13, subsection 5, paragraph a, Code
22023, is amended to read as follows:
3a. For each fiscal year that the balance of the trust fund
4on July 1 is below fifty million dollars, the interest and
5earnings on moneys in the fund and the first five hundred
6thousand one million dollars transferred pursuant to section
799G.39 from the lottery fund are appropriated to the commission
8to be used to achieve the purposes of subsection 7. Moneys
9appropriated to the commission under this paragraph that remain
10unencumbered or unobligated at the end of the fiscal year shall
11revert to the fund.
12 Sec. 2. EFFECTIVE DATE. This Act, being deemed of immediate
13importance, takes effect upon enactment.
14 Sec. 3. RETROACTIVE APPLICABILITY. This Act applies
15retroactively to the fiscal year beginning July 1, 2022, and
16ending June 30, 2023.
17EXPLANATION
18The inclusion of this explanation does not constitute agreement with
19the explanation’s substance by the members of the general assembly.
20This bill relates to veterans trust fund annual
21appropriations.
22The bill increases the amount appropriated to the veterans
23trust fund annually from $500,000 to $1 million in fiscal
24years that the beginning balance of the veterans trust fund is
25below $50 million. Each year, the lottery fund transfers $1.5
26million to the veterans trust fund.
27The bill takes effect upon enactment and applies
28retroactively to fiscal year 2022-2023.
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2fund and making an appropriation and including effective
3date and applicability provisions.
4BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 Section 1. Section 35A.13, subsection 5, paragraph a, Code
22023, is amended to read as follows:
3a. For each fiscal year that the balance of the trust fund
4on July 1 is below fifty million dollars, the interest and
5earnings on moneys in the fund and the first five hundred
6thousand one million dollars transferred pursuant to section
799G.39 from the lottery fund are appropriated to the commission
8to be used to achieve the purposes of subsection 7. Moneys
9appropriated to the commission under this paragraph that remain
10unencumbered or unobligated at the end of the fiscal year shall
11revert to the fund.
12 Sec. 2. EFFECTIVE DATE. This Act, being deemed of immediate
13importance, takes effect upon enactment.
14 Sec. 3. RETROACTIVE APPLICABILITY. This Act applies
15retroactively to the fiscal year beginning July 1, 2022, and
16ending June 30, 2023.
17EXPLANATION
18The inclusion of this explanation does not constitute agreement with
19the explanation’s substance by the members of the general assembly.
20This bill relates to veterans trust fund annual
21appropriations.
22The bill increases the amount appropriated to the veterans
23trust fund annually from $500,000 to $1 million in fiscal
24years that the beginning balance of the veterans trust fund is
25below $50 million. Each year, the lottery fund transfers $1.5
26million to the veterans trust fund.
27The bill takes effect upon enactment and applies
28retroactively to fiscal year 2022-2023.
-1-dg/rn