Text: HF02195 Text: HF02197 Text: HF02100 - HF02199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 8.22A, subsection 5, unnumbered 1 2 paragraph 2, Code Supplement 1995, is amended to read as 1 3 follows: 1 4 a. The amount of lottery revenues for the following fiscal 1 5 year to be available for disbursement following the deductions 1 6 made pursuant to section 99E.10, subsection 1. 1 7 b. The amount of revenue for the following fiscal year to 1 8 be deposited in the rebuild Iowa infrastructure fund from 1 9 interest earned on the cash reserve fund and the economic 1 10 emergency fund and gambling revenues allocated to the fund 1 11 under section 8.57, subsection 5, paragraph "e". 1 12 Sec. 2. Section 8.57, subsection 5, Code Supplement 1995, 1 13 is amended by adding the following new paragraphs: 1 14 NEW PARAGRAPH. e. Notwithstanding sections 99D.17 and 1 15 99F.11, not more than a total of sixty million dollars shall 1 16 be deposited in the general fund of the state in any fiscal 1 17 year pursuant to sections 99D.17 and 99F.11. The total moneys 1 18 in excess of sixty million dollars in a fiscal year shall be 1 19 deposited in the infrastructure fund and shall be used as 1 20 provided in this section, notwithstanding section 8.60. 1 21 NEW PARAGRAPH. f. The rebuild Iowa infrastructure fund 1 22 limitation for a fiscal year shall be ninety-nine percent of 1 23 all revenue derived from interest earnings on the cash reserve 1 24 fund and the economic emergency fund and pursuant to paragraph 1 25 "e", as estimated pursuant to section 8.22A, subsection 5, 1 26 paragraph "b", and ninety-nine percent of all other revenues 1 27 allocated to the fund for that fiscal year. 1 28 Sec. 3. RETROACTIVITY AND EFFECTIVE DATE. This Act, being 1 29 deemed of immediate importance takes effect upon enactment and 1 30 applies retroactively to July 1, 1995. 1 31 HF 2196 1 32 js/pk/25
Text: HF02195 Text: HF02197 Text: HF02100 - HF02199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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