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House Journal: Page 1656: Tuesday, April 16, 1996

48     b.  The amount of revenue for the following fiscal
49   year from gambling revenues and from interest earned
50   on the cash reserve fund and the economic emergency

Page   8

 1   fund to be deposited in the rebuild Iowa
 2   infrastructure fund under section 8.57, subsection 5,
 3   paragraph "e".
 4     Sec. 100.  Section 8.54, subsection 5, Code 1995,
 5   is amended to read as follows:
 6     5.  For a fiscal years year in which section
8.55,
 7   subsection 2, results is projected to result in
moneys
 8   being transferred to the general fund, the original
 9   state general fund expenditure limitation amount for
10   that fiscal year as provided for in subsection 3 shall
11   be readjusted adjusted to include the moneys which
are
12   so projected to be transferred.
13     Sec. 200.  Section 8.55, subsection 2, Code
14   Supplement 1995, is amended to read as follows:
15     2.  The maximum balance of the fund is the amount
16   equal to five percent of the adjusted revenue estimate
17   for the fiscal year.  If the amount of moneys in the
18   Iowa economic emergency fund is equal to the maximum
19   balance, moneys in excess of this amount shall be
20   transferred to the general fund as follows:
21     a.  An amount equal to not more than two and one-
22   half percent of the adjusted revenue estimate for the
23   fiscal year in which the transfer is made shall be
24   transferred to the rebuild Iowa infrastructure fund.
25     b.  Moneys remaining following the transfer in
26   paragraph "a" shall be transferred to the general fund
27   of the state.
28     Sec. 300.  Section 8.57, subsection 5, paragraph c,
29   Code Supplement 1995, is amended to read as follows:
30     c.  Moneys in the fund in a fiscal year shall be
31   used as directed by the general assembly for public
32   vertical infrastructure-related expenditures
33   infrastructure projects.  For the purposes of this
34   subsection, "vertical infrastructure" means the
35   construction or renovation of buildings, all
36   appurtenant structures, utilities, and site
37   development.  "Vertical infrastructure" does not
38   include operational expenses or leasing of a building,
39   appurtenant structure, or utility without a purchase
40   agreement.  Moneys in the fund shall only be expended
41   for projects with an expected useful life of twenty
42   years or more.
43     Sec. 400.  Section 8.57, subsection 5, Code
44   Supplement 1995, is amended by adding the following
45   new paragraphs:
46     NEW PARAGRAPH.  e.  Notwithstanding sections 99D.17
47   and 99F.11, not more than a total of sixty million
48   dollars shall be deposited in the general fund of the
49   state in any fiscal year pursuant to sections 99D.17
50   and 99F.11.  The total moneys in excess of sixty

Iowa General Assembly

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

© 1996 Cornell College and League of Women Voters of Iowa

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