Text: H03246 Text: H03248 Text: H03200 - H03299 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House Joint Resolution 14 as follows: 1 2 #1. By striking page 1, line 3 through page 6, 1 3 line 8 and inserting the following: 1 4 "Article VII, Constitution of the State of Iowa, is 1 5 amended by adding the following new section: 1 6 ECONOMIC EMERGENCY ACCOUNT. Sec. 9. An economic 1 7 emergency account shall be maintained by the state and 1 8 moneys in the economic emergency account shall be 1 9 separate from the general fund of the state and shall 1 10 not be considered part of the general fund of the 1 11 state except in determining the cash position of the 1 12 state. Moneys in the economic emergency account may 1 13 be used for cash flow purposes provided that any 1 14 moneys so allocated during a fiscal year are returned 1 15 to the cash reserve by the end of that fiscal year. 1 16 The amount of moneys to be maintained in the economic 1 17 emergency account shall be five percent of the 1 18 adjusted revenue estimate for the general fund of the 1 19 state for that fiscal year. 1 20 Moneys in the economic emergency account may be 1 21 appropriated by the General Assembly only for use in 1 22 the fiscal year in which the appropriation is made. 1 23 The moneys shall only be appropriated in a bill or 1 24 joint resolution in which the appropriation is the 1 25 only subject matter of the bill or joint resolution 1 26 and which contains a statement of the reasons why the 1 27 appropriation is necessary. In addition, moneys shall 1 28 not be appropriated from the economic emergency 1 29 account unless the bill or joint resolution making the 1 30 appropriation is approved by vote of at least three- 1 31 fifths of the members of each house of the General 1 32 Assembly and approved by the Governor. 1 33 This section applies to fiscal years commencing on 1 34 or after July 1, 1999." 1 35 #2. Title page, by striking lines 2 through 6, and 1 36 inserting the following: "the State of Iowa 1 37 establishing a cash reserve fund separate from the 1 38 general fund of the state fund and providing for the 1 39 amendment's application." 1 40 1 41 1 42 1 43 SHOULTZ of Black Hawk 1 44 HJR 14.312 76 1 45 sc/cf
Text: H03246 Text: H03248 Text: H03200 - H03299 Text: H Index Bills and Amendments: General Index Bill History: General Index
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