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House Journal: Page 1555: Thursday, April 24, 1997

 3   talented education endowment fund established in
 4   section 263.8A.  The department of revenue and finance
 5   shall transfer interest as provided in this section on
 6   a quarterly basis.  As a condition of receiving funds
 7   under this section, the foundation and the center
 8   shall maintain and continue to increase the balances
 9   of their private foundations.  In addition, the
10   foundation and the center shall each certify to the
11   department of revenue and finance and the general
12   assembly, by January 1 of each year, the cumulative
13   total value of contributions received during the
14   preceding calendar year.
15     2.  If the general assembly appropriates funds to
16   the international center endowment fund in the amount
17   of not less than eight hundred seventy-five thousand
18   dollars prior to July 1, 1998, the center's interest
19   allocation shall decrease to twenty-five percent.  If
20   the general assembly appropriates funds to the
21   international center endowment fund in an amount of
22   not less than one million five hundred fifty thousand
23   dollars, the center shall no longer receive an
24   interest allocation.
25     3.  The foundation and the center shall use for
26   administrative costs not more than twenty-five percent
27   of any moneys received annually pursuant to this
28   section."
29     28.  Page 21, by striking lines 19 through 35.
30     29.  Page 22, by inserting before line 1 the
31   following:
32     "Sec. 201.  Section 260C.14, Code 1997, is amended
33   by adding the following new subsection:
34     NEW SUBSECTION.  2A.  Cause to be printed on all
35   statements of account for payment of tuition and fees
36   issued by the community college the portion of the
37   average cost of an Iowa resident student's education
38   at that community college that is paid by
39   appropriations from the general fund of the state.
40   The information, rounded to the nearest one-tenth of
41   one percent and the nearest whole dollar, shall be
42   included in the following statement:
43     "Tuition pays for approximately ____% of the
44   average cost for a resident Iowa student at this
45   community college.  The State of Iowa pays
46   approximately $____ of the average cost for a full-
47   time state resident student at this community
48   college.""
49     30.  By striking page 23, line 34, through page
50   25, line 31.

Page   7

 1     31.  Page 26, by inserting after line 9 the
 2   following:

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