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House Journal: Page 1568: Thursday, April 11, 1996

Page 2  

 1   endowment fund between July 1, 1995, and June 30,
 2   1999, equals or exceeds one million three hundred
 3   fifty thousand dollars, effective July 1, 1999, the
 4   portion of the interest for Iowa schools fund used to
 5   determine the dedicated amount of interest earned for
 6   a year shall also equal one-half that total, not to
 7   exceed six hundred seventy-five thousand dollars.
 8     However, if, prior to July 1, 1999, the general
 9   assembly appropriates moneys for the international
10   center endowment fund established in section 263.8A in
11   an aggregate amount equal to eight hundred seventy-
12   five thousand dollars, the transfer of the interest
13   earned based upon the cumulative value of
14   contributions equal to one million seven hundred fifty
15   thousand dollars deposited in the international center
16   endowment fund on July 1, 1996, is no longer required
17   under this section.  If, on or after July 1, 1999, the
18   general assembly appropriates moneys for the
19   international center endowment fund in an aggregate
20   amount equal to six hundred seventy-five thousand
21   dollars, the transfer of interest earned based upon
22   the cumulative value of contributions equal to one
23   million three hundred fifty thousand dollars deposited
24   in the international center endowment fund between
25   July 1, 1996, and June 30, 1999, is no longer required
26   under this section.
27     Sec. 2.  Section 257B.1A, Code Supplement 1995, is
28   amended by adding the following new subsection:
29     NEW SUBSECTION.  4.  Until the appropriations
30   specified in subsection 3 have been made by the
31   general assembly, fifty percent of the portion of the
32   interest on the interest for Iowa schools fund
33   remaining after the total of the transfer of moneys to
34   the first in the nation in education foundation
35   pursuant to subsection 2 and the transfer of moneys to
36   the international center endowment fund in subsection
37   3 shall in addition be transferred to the
38   international center endowment fund and the remaining
39   fifty percent shall become a part of the interest for
40   Iowa schools fund.
41     Sec. 3.  Section 263.8A, Code 1995, is amended to
42   read as follows:
43    263.8A  NATIONAL INTERNATIONAL CENTER FOR TALENTED
44   AND GIFTED EDUCATION.
45     The state board of regents shall establish and
46   maintain at Iowa City as an integral part of the state
47   university of Iowa the national international center
48   for talented and gifted education.  The national
49   international center shall provide programs to assist
50   classroom teachers to teach gifted and talented

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 2)

© 1996 Cornell College and League of Women Voters of Iowa

Comments? hjourn@legis.iowa.gov.

Last update: Fri Apr 12 13:30:03 CDT 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/01500/01568.html
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