Text: S03674 Text: S03676 Text: S03600 - S03699 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 542 as follows: 1 2 #1. Page 7, by striking lines 22 and 23 and 1 3 inserting the following: 1 4 "Sec. . EFFECTIVE DATES. Division I, relating 1 5 to supplemental appropriations from the general fund 1 6 of the state, division II, relating to lottery fund 1 7 appropriations, and this division of this Act, being 1 8 deemed of immediate importance, take effect upon 1 9 enactment. 1 10 DIVISION 1 11 Sec. . Section 8.22A, subsection 5, paragraph 1 12 a, Code 1997, is amended to read as follows: 1 13 a. The amount of lottery revenues for the 1 14 following fiscal year to beavailable for disbursement1 15 transferred from the lottery fund to the general fund 1 16 of the state following the deductions made pursuant to 1 17 section 99E.10, subsection 1. 1 18 Sec. . Section 99E.10, subsection 1, unnumbered 1 19 paragraph 3, Code 1997, is amended to read as follows: 1 20The committing the lottery to environment,1 21agriculture, and natural resources fund, also to be1 22known as the CLEAN fund, is created in the office of1 23the treasurer of state.Lottery revenue remaining 1 24 after expenses are determined shall be transferred to 1 25 theCLEANgeneral fund of the state on a monthly 1 26 basis. Revenues generated during the last month of 1 27 the fiscal year which are transferred to theCLEAN1 28 general fund of the state during the following fiscal 1 29 year shall be considered revenues transferred during 1 30 the previous fiscal yearfor purposes of the1 31allotments made to and appropriations made from the1 32separate accounts in the CLEAN fund for that previous1 33fiscal year. However, upon the request of the 1 34 director and subject to approval by the treasurer of 1 35 state, an amount sufficient to cover the foreseeable 1 36 administrative expenses of the lottery for a period of 1 37 twenty-one days may be retained from the lottery 1 38 revenue. Prior to the monthly transfer to theCLEAN1 39 general fund of the state, the director may direct 1 40 that lottery revenue shall be deposited in the lottery 1 41 fund and in interest-bearing accounts designated by 1 42 the treasurer of state in the financial institutions 1 43 of this state or invested in the manner provided in 1 44 section 12B.10. Interest or earnings paid on the 1 45 deposits or investments is considered lottery revenue 1 46 and shall be transferred to theCLEANgeneral fund of 1 47 the state in the same manner as other lottery revenue. 1 48Money in the CLEAN fund shall be deposited in1 49interest-bearing accounts in financial institutions in1 50this state or invested in the manner provided in2 1section 12B.10. The interest or earnings on the2 2deposits or investments shall be considered part of2 3the CLEAN fund and shall be retained in the fund2 4unless appropriated by the general assembly.2 5 Sec. . Section 99E.10, subsection 2, Code 1997, 2 6 is amended to read as follows: 2 7 2. The director of management shall not include 2 8 lottery revenues in the director's fiscal year revenue 2 9 estimates.Moneys in the CLEAN fund shall not be2 10considered a part of the Iowa economic emergency fund.2 11 Sec. . Section 99E.20, subsection 2, Code 1997, 2 12 is amended to read as follows: 2 13 2. A lottery fund is created in the office of the 2 14 treasurer of state. The fund consists of all revenues 2 15 received from the sale of lottery tickets or shares 2 16 and all other moneys lawfully credited or transferred 2 17 to the fund. The commissioner shall certify monthly 2 18 that portion of the fund that is transferred to the 2 19CLEANgeneral fund of the state under section 99E.10 2 20 and shall cause that portion to be transferred to the 2 21CLEANgeneral fund of the state. The commissioner 2 22 shall certify before the twentieth of each month that 2 23 portion of the lottery fund resulting from the 2 24 previous month's sales to be transferred to theCLEAN2 25 general fund of the state. 2 26 Sec. . Section 99E.34, Code 1997, is repealed." 2 27 #2. By renumbering as necessary. 2 28 2 29 2 30 2 31 DERRYL McLAREN 2 32 SF 542.704 77 2 33 jp/sc/28
Text: S03674 Text: S03676 Text: S03600 - S03699 Text: S Index Bills and Amendments: General Index Bill History: General Index
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