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Page 18 1 income tax purposes. 2 The portion of the interest in Iowa schools fund 3 that is equal to the cumulative total value of 4 contributions, less the portion of the interest in 5 Iowa schools fund dedicated to the national center for 6 gifted and talented education, is dedicated to the 7 first in the nation in education foundation for that 8 year. The interest earned on this dedicated amount 9 shall be transferred by the treasurer of state to the 10 credit of the first in the nation in education 11 foundation. 12 3. For a transfer of moneys from the interest in 13 Iowa schools fund to the national center endowment 14 fund established in section 263.8A, prior to July 1, 15 October 1, January 1, and March 1 of each year, the 16 state university of Iowa shall certify to the 17 treasurer of state the cumulative total value of 18 contributions received and deposited in the national 19 center endowment fund. Within fifteen days following 20 certification by the state university of Iowa, the 21 treasurer of state shall transfer from the interest in 22 Iowa schools fund to the national center an amount 23 equal to one-half the cumulative total value of the 24 contributions deposited in the national center 25 endowment fund, not to exceed eight hundred seventy- 26 five thousand dollars. 27 Sec. 20. NEW SECTION. 260C.24 PAYMENT OF 28 APPROPRIATION. 29 Payment of appropriations for distribution under 30 this chapter or of appropriations made in lieu of such 31 appropriations, shall be made by the department of 32 revenue and finance in monthly installments due on or 33 about the fifteenth of each month of a budget year, 34 and installments shall be as nearly equal as possible, 35 as determined by the department of revenue and 36 finance, taking into consideration the relative budget 37 and cash position of the state resources. 38 Sec. 21. NEW SECTION. 260C.29 CAREER OPPORTUNITY 39 PROGRAM -- MISSION. 40 1. The mission of the career opportunity program 41 established in this section is to encourage 42 collaborative efforts by a community college, the 43 institutions under the control of the state board of 44 regents, and business and industry to enhance the 45 educational opportunities and provide for job creation 46 and career advancement for Iowa's minority persons by 47 providing assistance to minority persons who major in 48 fields or subject areas where minorities are currently 49 underrepresented or underutilized. 50 2. A career opportunity program is established to
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Last update: Sun Jan 14 21:05:02 CST 1996
URL: /DOCS/GA/76GA/Session.1/HJournal/02100/02199.html
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