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House Journal: Page 1853: Tuesday, April 25, 1995

25   for the cash reserve fund to reach five percent of the
26   adjusted revenue estimate for the current fiscal year.
27     (3)  The moneys appropriated under this lettered
28   paragraph shall be credited in equal and proportionate
29   amounts in each quarter of the current fiscal year.
30     Sec. ___.  Section 8.57, subsection 1, paragraph b,
31   Code 1995, is amended to read as follows:
32     b.  Commencing June 30, 1993, the The surplus
33   existing in the general fund of the state at the
34   conclusion of the fiscal year is appropriated for
35   distribution in the succeeding fiscal year as provided
36   in this section subsections 2 and 3.  Moneys
credited
37   to the cash reserve fund from the appropriation made
38   in this paragraph shall not exceed the amount
39   necessary for the cash reserve fund to reach the cash
40   reserve goal percentage for the succeeding fiscal
41   year.  As used in this paragraph, "surplus" means the
42   excess of revenues and other financing sources over
43   expenditures and other financing uses for the general
44   fund of the state in a fiscal year."
45     14.  Page 7, by striking line 15 and inserting the
46   following:
47     "Sec. ___.  Section 8.57, subsections 2 and 3, Code
48   1995, are amended".
49     15.  Page 8, line 22, by striking the words
50   "credited to" and inserting the following: 
"credited

Page   6

 1   in equal amounts to the rebuild Iowa infrastructure
 2   fund and".
 3     16.  Page 8, by inserting after line 23 the
 4   following:
 5     "3.  To the extent that moneys appropriated under
 6   subsection 1 exceed the amounts necessary for the cash
 7   reserve fund to reach its maximum balance and the
 8   amounts necessary to eliminate Iowa's GAAP deficit,
 9   including elimination of the making of any
10   appropriation in an incorrect fiscal year, the moneys
11   shall be appropriated credited in equal amounts to
the
12   rebuild Iowa infrastructure fund and the Iowa economic
13   emergency fund."
14     17.  Page 11, by inserting after line 3 the
15   following:
16                        "DIVISION    
17                     BUDGET SUBMISSIONS
18     Sec. ___.  Section 8.23, unnumbered paragraph 1,
19   Code 1995, is amended to read as follows:
20     On or before September October 1, prior to each
21   legislative session, all departments and
22   establishments of the government shall transmit to the
23   director, on blanks to be furnished by the director,
24   estimates of their expenditure requirements, including
25   every proposed expenditure, for the ensuing fiscal

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/01800/01853.html
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