Text: H03956 Text: H03958 Text: H03900 - H03999 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend the amendment, H-3498, to Senate File 266, as 1 2 amended, passed, and reprinted by the Senate, as 1 3 follows: 1 4 #1. Page 1, by inserting after line 17 the 1 5 following: 1 6 "The department of education shall conduct a study 1 7 of the possible uses for the interest earned on the 1 8 permanent school fund provided for under sections 1 9 257B.1 and 257B.1A. The department shall submit a 1 10 report of its findings and recommendations to the 1 11 general assembly and the legislative fiscal bureau by 1 12 January 1, 1996." 1 13 #2. Page 15, by inserting after line 17 the 1 14 following: 1 15 "Sec. 601. Notwithstanding section 257B.1A, 1 16 subsection 4, and 1994 Iowa Acts, chapter 1193, 1 17 section 15, for the fiscal year beginning July 1, 1 18 1994, and ending June 30, 1995, the remaining portion 1 19 of the interest earned on the permanent school fund 1 20 shall, after transfers are made pursuant to section 1 21 257B.1A, subsections 2 and 3, be deposited in the 1 22 interest for Iowa schools fund established under this 1 23 Act." 1 24 #3. Page 15, by inserting before line 18 the 1 25 following: 1 26 "Sec. . Notwithstanding section 257B.1A, for 1 27 the fiscal year beginning July 1, 1995, and ending 1 28 June 30, 1996, the treasurer of state shall transfer 1 29 $69,400 of the interest earned on the permanent school 1 30 fund to the department of education to assist a 1 31 vocational agriculture youth organization sponsored by 1 32 the schools to support the foundation established by 1 33 that vocational agriculture youth organization and for 1 34 other youth activities." 1 35 #4. Page 16, by inserting after line 31 the 1 36 following: 1 37 "Sec. 602. Section 257B.1A, Code 1995, is amended 1 38 by striking the section and inserting in lieu thereof 1 39 the following: 1 40 257B.1A TRANSFER OF INTEREST. 1 41 1. The interest for Iowa schools fund is 1 42 established in the office of treasurer of state. The 1 43 department of revenue and finance shall deposit 1 44 interest earned on the permanent school fund in the 1 45 interest for Iowa schools fund. Moneys in the 1 46 interest for Iowa schools fund shall be transferred or 1 47 allocated only for school purposes as provided in this 1 48 section. 1 49 2. For a transfer of moneys from the interest for 1 50 Iowa schools fund to the first in the nation in 2 1 education foundation, prior to July 1, October 1, 2 2 January 1, and March 1 of each year, the governing 2 3 board of the first in the nation in education 2 4 foundation established in section 257A.2 shall certify 2 5 to the treasurer of state the cumulative total value 2 6 of contributions received under section 257A.7 for 2 7 deposit in the first in the nation in education fund 2 8 and for the use of the foundation. The cumulative 2 9 total value of contributions received includes the 2 10 value of the amount deposited in the national center 2 11 endowment fund established in section 263.8A in excess 2 12 of eight hundred seventy-five thousand dollars. The 2 13 value of in-kind contributions shall be based upon the 2 14 fair market value of the contribution determined for 2 15 income tax purposes. 2 16 The portion of the interest in Iowa schools fund 2 17 that is equal to the cumulative total value of 2 18 contributions, less the portion of the interest in 2 19 Iowa schools fund dedicated to the national center for 2 20 gifted and talented education, is dedicated to the 2 21 first in the nation in education foundation for that 2 22 year. The interest earned on this dedicated amount 2 23 shall be transferred by the treasurer of state to the 2 24 credit of the first in the nation in education 2 25 foundation. 2 26 3. For a transfer of moneys from the interest in 2 27 Iowa schools fund to the national center endowment 2 28 fund established in section 263.8A, prior to July 1, 2 29 October 1, January 1, and March 1 of each year, the 2 30 state university of Iowa shall certify to the 2 31 treasurer of state the cumulative total value of 2 32 contributions received and deposited in the national 2 33 center endowment fund. Within fifteen days following 2 34 certification by the state university of Iowa, the 2 35 treasurer of state shall transfer from the interest in 2 36 Iowa schools fund to the national center an amount 2 37 equal to one-half the cumulative total value of the 2 38 contributions deposited in the national center 2 39 endowment fund, not to exceed eight hundred seventy- 2 40 five thousand dollars." 2 41 #5. Page 20, line 11, by striking the figure "15," 2 42 and inserting the following: "601,15,602,". 2 43 #6. By renumbering and correcting internal 2 44 references as necessary. 2 45 2 46 2 47 2 48 DAGGETT of Union 2 49 2 50 3 1 3 2 BRAUNS of Muscatine 3 3 3 4 3 5 3 6 GRIES of Crawford 3 7 3 8 3 9 3 10 GRUNDBERG of Polk 3 11 3 12 3 13 3 14 BOGGESS of Taylor 3 15 3 16 3 17 3 18 CARROLL of Poweshiek 3 19 3 20 3 21 3 22 ERTL of Dubuque 3 23 3 24 3 25 3 26 WELTER of Jones 3 27 3 28 3 29 3 30 HOUSER of Pottawattamie 3 31 3 32 3 33 3 34 BRUNKHORST of Bremer 3 35 3 36 3 37 3 38 MAIN of Jefferson 3 39 3 40 3 41 3 42 EDDIE of Buena Vista 3 43 3 44 3 45 3 46 GARMAN of Story 3 47 3 48 3 49 3 50 LORD of Dallas 4 1 4 2 4 3 4 4 GREIG of Emmet 4 5 4 6 4 7 4 8 HAHN of Muscatine 4 9 4 10 4 11 4 12 HUSEMAN of Cherokee 4 13 4 14 4 15 4 16 KLEMME of Plymouth 4 17 4 18 4 19 4 20 SCHULTE of Linn 4 21 4 22 4 23 4 24 BODDICKER of Cedar 4 25 4 26 4 27 4 28 HURLEY of Fayette 4 29 4 30 4 31 4 32 SUKUP of Franklin 4 33 4 34 4 35 4 36 VEENSTRA of Sioux 4 37 4 38 4 39 4 40 ARNOLD of Lucas 4 41 4 42 4 43 4 44 VAN FOSSEN of Scott 4 45 4 46 4 47 4 48 BRADLEY of Clinton 4 49 4 50 5 1 5 2 GREINER of Washington 5 3 5 4 5 5 5 6 MEYER of Sac 5 7 5 8 5 9 5 10 CORNELIUS of Jackson 5 11 5 12 5 13 5 14 LAMBERTI of Polk 5 15 5 16 5 17 5 18 VANDE HOEF of Osceola 5 19 5 20 5 21 5 22 BRANSTAD of Winnebago 5 23 SF 266.216 76 5 24 kh/jj
Text: H03956 Text: H03958 Text: H03900 - H03999 Text: H Index Bills and Amendments: General Index Bill History: General Index
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