Text: HSB00500 Text: HSB00502 Text: HSB00500 - HSB00599 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 602.8108A, subsection 1, Code 1 2 Supplement 1999, is amended to read as follows: 1 3 1. The Iowa prison infrastructure fund is created and 1 4 established as a separate and distinct fund in the state 1 5 treasury. Notwithstanding any other provision of this chapter 1 6 to the contrary, the first eight million dollars and, 1 7 beginning July 1,19972000, the firstnineeight millionfive1 8 four hundred thousand dollars, of moneys remitted to the 1 9 treasurer of state from fines, fees, costs, and forfeited bail 1 10 collected by the clerks of the district court in criminal 1 11 cases, including those collected for both scheduled and 1 12 nonscheduled violations, collected in each fiscal year 1 13 commencing with the fiscal year beginning July 1, 1995, shall 1 14 be deposited in the fund. Interest and other income earned by 1 15 the fund shall be deposited in the fund. However, beginning 1 16 with the fiscal year beginning July 1, 1998, all fines and 1 17 fees attributable to commercial vehicle violation citations 1 18 issued after July 1, 1998, shall be deposited as provided in 1 19 section 602.8108, subsection 5. If the treasurer of state 1 20 determines pursuant to 1994 Iowa Acts, chapter 1196, that 1 21 bonds can be issued pursuant to this section and section 1 22 16.177, then the moneys in the fund are appropriated to and 1 23 for the purpose of paying the principal of, premium, if any, 1 24 and interest on bonds issued by the Iowa finance authority 1 25 under section 16.177. Except as otherwise provided in 1 26 subsection 2, amounts in the funds shall not be subject to 1 27 appropriation for any purpose by the general assembly, but 1 28 shall be used only for the purposes set forth in this section. 1 29 The treasurer of state shall act as custodian of the fund and 1 30 disburse amounts contained in it as directed by the department 1 31 of corrections including the automatic disbursement of funds 1 32 pursuant to the terms of bond indentures and documents and 1 33 security provisions to trustees and custodians. The treasurer 1 34 of state is authorized to invest the funds deposited in the 1 35 fund subject to any limitations contained in any applicable 2 1 bond proceedings. Any amounts remaining in the fund at the 2 2 end of each fiscal year shall be transferred to the general 2 3 fund of the state. 2 4 EXPLANATION 2 5 This bill amends Code section 602.8108A to decrease the 2 6 amount of money deposited in the Iowa prison infrastructure 2 7 fund in each fiscal year from the first $9.5 million collected 2 8 by the clerks of the district court from fines, fees, costs, 2 9 and forfeited bail in criminal cases to the first $8.4 million 2 10 so collected. 2 11 LSB 5192YC 78 2 12 nh/cls/14.1
Text: HSB00500 Text: HSB00502 Text: HSB00500 - HSB00599 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
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