Text: SF00315 Text: SF00317 Text: SF00300 - SF00399 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. NEW SECTION. 19A.12D IOWA STATE EMPLOYEE 1 2 DEPENDENT CARE FLEXIBLE SPENDING ACCOUNT TRUST FUND. 1 3 1. A special fund, separate and apart from all other 1 4 public moneys or funds of this state, to be known as the "Iowa 1 5 State Employee Dependent Care Flexible Spending Account Trust 1 6 Fund", is created in the office of the treasurer of state. 1 7 The fund shall consist of all moneys deposited in the fund and 1 8 any other assets that must be held in trust for the exclusive 1 9 benefit of participants in the dependent care flexible 1 10 spending account program. The moneys and assets of the fund 1 11 shall be used for the exclusive benefit of participants in the 1 12 state's dependent care flexible spending account program. 1 13 2. The director is the trustee of the fund and shall 1 14 administer the fund. Any loss to the fund shall be charged 1 15 against the fund and the director shall not be personally 1 16 liable for such loss. The director shall have the authority 1 17 to direct expenditures from the fund as deemed appropriate for 1 18 the exclusive benefit of the participants in the program as 1 19 authorized by this section. 1 20 3. Moneys and assets in the fund may be expended to cover 1 21 all reasonable and necessary expenses or charges allocable to 1 22 the program for purposes of administration of the program. 1 23 Expenditures of moneys from the fund for purposes of plan 1 24 administration shall be deemed to be for the exclusive benefit 1 25 of the participants in the program. 1 26 4. Moneys in the fund are not subject to section 8.33. 1 27 Notwithstanding section 12C.7, subsection 2, interest or 1 28 earnings on moneys in the fund shall be credited to the fund. 1 29 Sec. 2. Section 70A.20, subsection 3, paragraph a, Code 1 30 1999, is amended to read as follows: 1 31 a. Minimum and maximum benefits, not less than fifty 1 32 dollars per month and not exceedingtwothree thousand dollars 1 33 per month. 1 34 Sec. 3. NEW SECTION. 256.67A INSURANCE ELIGIBILITY. 1 35 Personnel employed by a regional library shall be 2 1 considered state employees for purposes of eligibility for 2 2 receiving employee health and dental insurance as provided to 2 3 state employees by the department of personnel. 2 4 Sec. 4. NEW SECTION. 432.13A PREMIUM TAX EXEMPTION – 2 5 STATE EMPLOYEE BENEFIT PROGRAMS. 2 6 Premiums received for benefits acquired by the department 2 7 of personnel on behalf of state employees as provided in 2 8 section 19A.1, subsection 2, are exempt from premium tax. 2 9 Sec. 5. EFFECTIVE DATE – RETROACTIVE APPLICABILITY. 2 10 Section 4 of this Act, creating new section 432.13A, being 2 11 deemed of immediate importance, takes effect upon enactment 2 12 and is retroactively applicable to January 1, 1999, and is 2 13 applicable on and after that date. 2 14 SF 316 2 15 ec/cc/26
Text: SF00315 Text: SF00317 Text: SF00300 - SF00399 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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