Text: H09114 Text: H09116 Text: H09100 - H09199 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate Joint Resolution 2004, as passed by 1 2 the Senate, as follows: 1 3 #1. Page 1, by inserting after line 33 the 1 4 following: 1 5 "d. At least one-half of all gambling revenues, 1 6 including lottery revenues and racing and gaming 1 7 revenues, received by the state in each fiscal year 1 8 shall be credited to the rebuild Iowa infrastructure 1 9 fund. The remaining gambling revenues shall be 1 10 credited to the general fund of the state." 1 11 #2. Page 3, by inserting after line 11 the 1 12 following: 1 13 "___. A rebuild Iowa infrastructure fund is 1 14 created. The fund shall consist of at least one-half 1 15 of all gambling revenues as provided in section 1, 1 16 paragraph "d", interest and earnings on any surplus 1 17 moneys, and any appropriations made to the fund. The 1 18 fund shall be separate from the general fund of the 1 19 state and the balance in the fund shall not be 1 20 considered part of the balance of the general fund of 1 21 the state. 1 22 Moneys in the infrastructure fund shall not revert 1 23 to any other fund. Interest or earnings on moneys in 1 24 the infrastructure fund shall be credited to the 1 25 infrastructure fund. 1 26 Moneys in the fund in a fiscal year shall be used 1 27 as directed by the General Assembly for public 1 28 vertical infrastructure projects. For the purposes of 1 29 this section, "vertical infrastructure" includes only 1 30 land acquisition and construction, major renovation 1 31 and major repair of buildings, all appurtenant 1 32 structures, utilities, site development, and 1 33 recreational trails. "Vertical infrastructure" does 1 34 not include routine, recurring maintenance or 1 35 operational expenses or leasing of a building, 1 36 appurtenant structure, or utility without a lease- 1 37 purchase agreement." 1 38 1 39 1 40 1 41 WARNSTADT of Woodbury 1 42 SJR 2004.218 77 1 43 mg/jl/28
Text: H09114 Text: H09116 Text: H09100 - H09199 Text: H Index Bills and Amendments: General Index Bill History: General Index
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