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House Journal: Page 1983: Tuesday, April 30, 1996

Page  24

 1   July 1, October 1, January 1, and March 1 of each
 2   year, the state university of Iowa shall certify to
 3   the treasurer of state the cumulative total value of
 4   cash contributions received and deposited in the
 5   international center endowment fund.  Within fifteen
 6   days following certification by the state university
 7   of Iowa, the treasurer of state shall transfer from
 8   the interest for Iowa schools fund to the
 9   international center an amount equal to the amount of
10   interest earned on the portion of the permanent school
11   fund that is equal to one-half the cumulative total
12   value of the cash contributions deposited in the
13   international center endowment fund, not to exceed
14   eight hundred seventy-five thousand dollars.
15     b.  However, if prior to July 1, 1998, the general
16   assembly appropriates moneys for the international
17   center endowment fund established in section 263.8A in
18   an aggregate amount equal to eight hundred seventy-
19   five thousand dollars, the transfer of the interest
20   earned based upon the cumulative value of cash
21   contributions equal to one million seven hundred fifty
22   thousand dollars deposited in the international center
23   endowment fund on July 1, 1995, is no longer required
24   under this section.  If, on or after July 1, 1998, the
25   general assembly appropriates moneys for the
26   international center endowment fund in an aggregate
27   amount equal to six hundred seventy-five thousand
28   dollars, the transfer of interest earned based upon
29   the cumulative value of cash contributions equal to
30   one million three hundred fifty thousand dollars
31   deposited in the international center endowment fund
32   between July 1, 1995, and June 30, 1998, is no longer
33   required under this section.
34     4.  In addition to the moneys transferred pursuant
35   to subsection 3, paragraph "a", effective on the date
36   on which the cumulative total value of cash
37   contributions deposited in the international center
38   endowment fund between July 1, 1995, and June 30,
39   1998, equals or exceeds one million three hundred
40   fifty thousand dollars, and annually thereafter, the
41   treasurer of state shall transfer moneys from the
42   interest for Iowa schools fund to the international
43   center endowment fund in an amount equal to the
44   interest earned on six hundred seventy-five thousand
45   dollars in the permanent school fund.
46     Sec. 24.  Section 260C.2, Code 1995, is amended by
47   adding the following new subsection:
48     NEW SUBSECTION.  2A.  "Instructional cost center"
49   means one of the following areas of course offerings
50   of the community colleges:

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: Wed May 1 22:20:02 CDT 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/01900/01983.html
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