This file contains STRIKE and UNDERSCORE. If you cannot see either STRIKE or UNDERSCORE attributes or would like to change how these attributes are displayed, please use the following form to make the desired changes.

House Journal: Page 1852: Tuesday, April 25, 1995

24   not be made from the fund unless the appropriation is
25   in a bill or joint resolution which is approved by
26   vote of at least three-fifths of the members of both
27   chambers of the general assembly and is signed by the
28   governor."
29     12.  Page 6, by inserting before line 31 the
30   following:
31     "Sec. ___.  Section 8.55, subsection 4, Code 1995,
32   is amended to read as follows:
33     4.  Notwithstanding section 12C.7, subsection 2,
34   interest or earnings on moneys deposited in the Iowa
35   economic emergency fund shall be credited to the
36   rebuild Iowa economic emergency infrastructure
fund."
37     13.  Page 7, by inserting after line 14 the
38   following:
39     "Sec. ___.  Section 8.56, subsection 4, paragraph
40   b, Code 1995, is amended to read as follows:
41     b.  In addition to the requirements of paragraph
42   "a", an appropriation shall not be made from the cash
43   reserve fund which would cause the fund's balance to
44   be less than three percent of the adjusted revenue
45   estimate for the year for which the appropriation is
46   made unless the bill or joint resolution making the
47   appropriation is approved by vote of at least three-
48   fifths of the members of both chambers of the general
49   assembly and is signed by the governor.
50     Sec. ___.  Section 8.57, subsection 1, paragraph a,

Page   5

 1   Code 1995, is amended by striking the paragraph and
 2   inserting in lieu thereof the following:
 3     a.  The "cash reserve goal percentage" for fiscal
 4   years beginning on or after July 1, 1995, is five
 5   percent of the adjusted revenue estimate.  For each
 6   fiscal year beginning on or after July 1, 1995, in
 7   which the appropriation of the surplus existing in the
 8   general fund of the state at the conclusion of the
 9   prior fiscal year pursuant to paragraph "b" was not
10   sufficient for the cash reserve fund to reach the cash
11   reserve goal percentage for the current fiscal year,
12   there is appropriated from the general fund of the
13   state an amount to be determined as follows:
14     (1)  If the balance of the cash reserve fund in the
15   current fiscal year is not more than four percent of
16   the adjusted revenue estimate for the current fiscal
17   year, the amount of the appropriation under this
18   lettered paragraph is one percent of the adjusted
19   revenue estimate for the current fiscal year.
20     (2)  If the balance of the cash reserve fund in the
21   current fiscal year is more than four percent but less
22   than five percent of the adjusted revenue estimate for
23   that fiscal year, the amount of the appropriation
24   under this lettered paragraph is the amount necessary

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 1)

© 1995 Cornell College and League of Women Voters of Iowa

Comments? hjourn@legis.iowa.gov.

Last update: Sun Jan 14 21:05:02 CST 1996
URL: /DOCS/GA/76GA/Session.1/HJournal/01800/01852.html
jhf