Text: S03828 Text: S03830 Text: S03800 - S03899 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend the amendment, S-3770, to House File 731, as 1 2 amended, passed, and reprinted by the House, as 1 3 follows: 1 4 #1. Page 1, by inserting after line 4 the 1 5 following: 1 6 "# . By striking page 5, line 3, through page 6, 1 7 line 25, and inserting the following: 1 8 "Sec. . Section 8.22A, subsection 5, paragraph 1 9 a, Code 1997, is amended to read as follows: 1 10 a. The amount of lottery revenues for the 1 11 following fiscal year to beavailable for disbursement1 12 transferred from the lottery fund to the rebuild Iowa 1 13 infrastructure fund following the deductions made 1 14 pursuant to section 99E.10, subsection 1. 1 15 Sec. . Section 99E.10, subsection 1, unnumbered 1 16 paragraph 3, Code 1997, is amended to read as follows: 1 17The committing the lottery to environment,1 18agriculture, and natural resources fund, also to be1 19known as the CLEAN fund, is created in the office of1 20the treasurer of state.Lottery revenue remaining 1 21 after expenses are determined shall be transferred to 1 22 theCLEANrebuild Iowa infrastructure fund on a 1 23 monthly basis. Revenues generated during the last 1 24 month of the fiscal year which are transferred to the 1 25CLEANrebuild Iowa infrastructure fund during the 1 26 following fiscal year shall be considered revenues 1 27 transferred during the previous fiscal yearfor1 28purposes of the allotments made to and appropriations1 29made from the separate accounts in the CLEAN fund for1 30that previous fiscal year. However, upon the request 1 31 of the director and subject to approval by the 1 32 treasurer of state, an amount sufficient to cover the 1 33 foreseeable administrative expenses of the lottery for 1 34 a period of twenty-one days may be retained from the 1 35 lottery revenue. Prior to the monthly transfer to the 1 36CLEANrebuild Iowa infrastructure fund, the director 1 37 may direct that lottery revenue shall be deposited in 1 38 the lottery fund and in interest-bearing accounts 1 39 designated by the treasurer of state in the financial 1 40 institutions of this state or invested in the manner 1 41 provided in section 12B.10. Interest or earnings paid 1 42 on the deposits or investments is considered lottery 1 43 revenue and shall be transferred to theCLEANrebuild 1 44 Iowa infrastructure fund in the same manner as other 1 45 lottery revenue.Money in the CLEAN fund shall be1 46deposited in interest-bearing accounts in financial1 47institutions in this state or invested in the manner1 48provided in section 12B.10. The interest or earnings1 49on the deposits or investments shall be considered1 50part of the CLEAN fund and shall be retained in the2 1fund unless appropriated by the general assembly.2 2 Sec. . Section 99E.10, subsection 2, Code 1997, 2 3 is amended to read as follows: 2 4 2. The director of management shall not include 2 5 lottery revenues in the director's fiscal year revenue 2 6 estimates.Moneys in the CLEAN fund shall not be2 7considered a part of the Iowa economic emergency fund.2 8 Sec. . Section 99E.20, subsection 2, Code 1997, 2 9 is amended to read as follows: 2 10 2. A lottery fund is created in the office of the 2 11 treasurer of state. The fund consists of all revenues 2 12 received from the sale of lottery tickets or shares 2 13 and all other moneys lawfully credited or transferred 2 14 to the fund. The commissioner shall certify monthly 2 15 that portion of the fund that is transferred to the 2 16CLEANrebuild Iowa infrastructure fund under section 2 17 99E.10 and shall cause that portion to be transferred 2 18 to theCLEANrebuild Iowa infrastructure fundof the2 19state. The commissioner shall certify before the 2 20 twentieth of each month that portion of the lottery 2 21 fund resulting from the previous month's sales to be 2 22 transferred to theCLEANrebuild Iowa infrastructure 2 23 fund. 2 24 Sec. . NEW SECTION. 257D.1 TITLE. 2 25 This chapter may be cited as the "Support 2 26 Construction and Habilitation of Our Local Schools 2 27 Act". 2 28 Sec. . NEW SECTION. 257D.2 SUPPORT 2 29 CONSTRUCTION AND HABILITATION OF OUR LOCAL SCHOOLS 2 30 FUND. 2 31 1. a. A support construction and habilitation of 2 32 our local schools (SCHOOLS) fund is created within the 2 33 state treasury under the control of the department of 2 34 education. For the fiscal year beginning July 1, 2 35 1997, and each subsequent fiscal year there shall be 2 36 appropriated from the rebuild Iowa infrastructure fund 2 37 to the SCHOOLS fund all moneys transferred to the 2 38 rebuild Iowa infrastructure fund pursuant to sections 2 39 99E.10 and 99E.20. In addition to moneys appropriated 2 40 from the rebuild Iowa infrastructure fund, the SCHOOLS 2 41 fund shall include any other moneys available to and 2 42 obtained or accepted by the department from the 2 43 federal government or private sources for placement in 2 44 the SCHOOLS fund. The assets of the SCHOOLS fund 2 45 shall be used by the department as provided in 2 46 subsection 2. 2 47 b. Payments of interest, recaptures of grants, or 2 48 repayments of moneys granted shall be deposited in the 2 49 fund. Section 8.33 does not apply to any moneys in 2 50 the fund. 3 1 c. The fund is subject to an annual audit by the 3 2 auditor of state. Moneys in the fund, which may be 3 3 subject to warrants written by the director of revenue 3 4 and finance, shall be drawn upon the written 3 5 requisition of the director of the department of 3 6 education or an authorized representative of the 3 7 director. 3 8 d. As used in this chapter, "vertical 3 9 infrastructure" has the same meaning as in section 3 10 8.57, subsection 5, except that "vertical 3 11 infrastructure" shall not include recreational trails. 3 12 A matching grant shall only be awarded for specific 3 13 vertical infrastructure projects certified to the 3 14 department in the application. 3 15 2. Moneys in the SCHOOLS fund shall be distributed 3 16 to school districts based on the actual enrollment of 3 17 students in the district as certified pursuant to 3 18 section 257.6."" 3 19 #2. By renumbering as necessary. 3 20 3 21 3 22 3 23 TOM VILSACK 3 24 3 25 3 26 3 27 ROBERT E. DVORSKY 3 28 3 29 3 30 3 31 EUGENE S. FRAISE 3 32 3 33 3 34 3 35 MICHAEL E. GRONSTAL 3 36 3 37 3 38 ROD HALVORSON 3 39 HF 731.212 77 3 40 jp/jj/28
Text: S03828 Text: S03830 Text: S03800 - S03899 Text: S Index Bills and Amendments: General Index Bill History: General Index
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