Text: S03821                            Text: S03823
Text: S03800 - S03899                   Text: S Index
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Senate Amendment 3822

Amendment Text

PAG LIN
  1  1    Amend House File 731, as amended, passed, and
  1  2 reprinted by the House, as follows:
  1  3    #1.  By striking page 5, line 3, through page 6,
  1  4 line 25, and inserting the following:
  1  5    "Sec.    .  Section 8.22A, subsection 5, paragraph
  1  6 a, Code 1997, is amended to read as follows:
  1  7    a.  The amount of lottery revenues for the
  1  8 following fiscal year to be available for disbursement
  1  9 transferred from the lottery fund to the rebuild Iowa
  1 10 infrastructure fund to be used for school district
  1 11 vertical infrastructure projects following the
  1 12 deductions made pursuant to section 99E.10, subsection
  1 13 1.
  1 14    Sec.    .  Section 99E.10, subsection 1, unnumbered
  1 15 paragraph 3, Code 1997, is amended to read as follows:
  1 16    The committing the lottery to environment,
  1 17 agriculture, and natural resources fund, also to be
  1 18 known as the CLEAN fund, is created in the office of
  1 19 the treasurer of state.  Lottery revenue remaining
  1 20 after expenses are determined shall be transferred to
  1 21 the CLEAN rebuild Iowa infrastructure fund on a
  1 22 monthly basis.  Revenues generated during the last
  1 23 month of the fiscal year which are transferred to the
  1 24 CLEAN rebuild Iowa infrastructure fund during the
  1 25 following fiscal year shall be considered revenues
  1 26 transferred during the previous fiscal year for
  1 27 purposes of the allotments made to and appropriations
  1 28 made from the separate accounts in the CLEAN fund for
  1 29 that previous fiscal year.  However, upon the request
  1 30 of the director and subject to approval by the
  1 31 treasurer of state, an amount sufficient to cover the
  1 32 foreseeable administrative expenses of the lottery for
  1 33 a period of twenty-one days may be retained from the
  1 34 lottery revenue.  Prior to the monthly transfer to the
  1 35 CLEAN rebuild Iowa infrastructure fund, the director
  1 36 may direct that lottery revenue shall be deposited in
  1 37 the lottery fund and in interest-bearing accounts
  1 38 designated by the treasurer of state in the financial
  1 39 institutions of this state or invested in the manner
  1 40 provided in section 12B.10.  Interest or earnings paid
  1 41 on the deposits or investments is considered lottery
  1 42 revenue and shall be transferred to the CLEAN rebuild
  1 43 Iowa infrastructure fund in the same manner as other
  1 44 lottery revenue.  Money in the CLEAN fund shall be
  1 45 deposited in interest-bearing accounts in financial
  1 46 institutions in this state or invested in the manner
  1 47 provided in section 12B.10.  The interest or earnings
  1 48 on the deposits or investments shall be considered
  1 49 part of the CLEAN fund and shall be retained in the
  1 50 fund unless appropriated by the general assembly.
  2  1 Moneys transferred under this section shall only be
  2  2 used for school district vertical infrastructure
  2  3 projects.
  2  4    Sec.    .  Section 99E.10, subsection 2, Code 1997,
  2  5 is amended to read as follows:
  2  6    2.  The director of management shall not include
  2  7 lottery revenues in the director's fiscal year revenue
  2  8 estimates.  Moneys in the CLEAN fund shall not be
  2  9 considered a part of the Iowa economic emergency fund.
  2 10    Sec.    .  Section 99E.20, subsection 2, Code 1997,
  2 11 is amended to read as follows:
  2 12    2.  A lottery fund is created in the office of the
  2 13 treasurer of state.  The fund consists of all revenues
  2 14 received from the sale of lottery tickets or shares
  2 15 and all other moneys lawfully credited or transferred
  2 16 to the fund.  The commissioner shall certify monthly
  2 17 that portion of the fund that is transferred to the
  2 18 CLEAN rebuild Iowa infrastructure fund under section
  2 19 99E.10 and shall cause that portion to be transferred
  2 20 to the CLEAN rebuild Iowa infrastructure fund of the
  2 21 state.  The commissioner shall certify before the
  2 22 twentieth of each month that portion of the lottery
  2 23 fund resulting from the previous month's sales to be
  2 24 transferred to the CLEAN rebuild Iowa infrastructure
  2 25 fund."
  2 26    #2.  By renumbering as necessary.  
  2 27 
  2 28 
  2 29                               
  2 30 ROBERT E. DVORSKY 
  2 31 EUGENE S. FRAISE 
  2 32 MICHAEL E. GRONSTAL 
  2 33 PATTY JUDGE 
  2 34 PATRICK J. DELUHERY 
  2 35 JOHN P. KIBBIE 
  2 36 TOM FLYNN 
  2 37 BILL FINK 
  2 38 ROD HALVORSON 
  2 39 PATRICIA HARPER 
  2 40 JOHNIE HAMMOND 
  2 41 DENNIS H. BLACK 
  2 42 TOM VILSACK 
  2 43 HF 731.711 77
  2 44 jp/sc/28
     

Text: S03821                            Text: S03823
Text: S03800 - S03899                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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