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2 year are returned to the cash reserve by the end of 3 that fiscal year. 4 The amount of moneys to be maintained in the cash 5 reserve shall be five percent of the adjusted revenue 6 estimate for the general fund of the state for that 7 fiscal year. However, this paragraph shall not be 8 construed to require more than one percent of the 9 adjusted revenue estimate for the general fund of the 10 state to be set aside for these purposes in any one 11 fiscal year. 12 Moneys in the cash reserve may be appropriated by 13 the General Assembly only for use in the fiscal year 14 in which the appropriation is made. The moneys shall 15 only be appropriated in a bill or joint resolution in 16 which the appropriation is the only subject matter of 17 the bill or joint resolution and which contains a 18 statement of the reasons why the appropriation is 19 necessary. In addition, moneys shall not be 20 appropriated from the cash reserve unless the bill or 21 joint resolution making the appropriation is approved 22 by a vote of at least three-fifths of the members of 23 each chamber of the General Assembly and approved by 24 the Governor. 25 This section applies to fiscal years commencing on 26 or after July 1, 1999." 27 2. Title page, by striking lines 2 through 6, and 28 inserting the following: "the State of Iowa 29 establishing a state general fund expenditure 30 limitation". Roll call was requested by Shoultz of Black Hawk and Witt of Black Hawk. Rule 75 was invoked. On the question "Shall amendment H-3270 be adopted?" (H.J.R. 14) The ayes were, 35: Baker Bell Bernau Brand Burnett Cataldo Connors Dinkla Doderer Drees Fallon Grundberg Hanson Holveck Jacobs Jochum Koenigs Kreiman Mascher May McCoy Metcalf Moreland Murphy Myers Nelson, B. Nelson, L. O'Brien Running Schrader Shoultz Warnstadt Weigel Wise Witt The nays were, 55: Arnold Blodgett Boddicker Boggess Bradley Branstad Brauns Brunkhorst
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Last update: Sun Jan 14 21:05:02 CST 1996
URL: /DOCS/GA/76GA/Session.1/HJournal/01100/01144.html
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