Text: H02003 Text: H02005 Text: H02000 - H02099 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 755 as follows: 1 2 #1. Page 9, by inserting before line 21, the 1 3 following: 1 4 "Sec. . Section 8.54, subsection 5, Code 2001, 1 5 is amended by striking the subsection. 1 6 Sec. . Section 8.55, subsection 2, Code 2001, 1 7 is amended to read as follows: 1 8 2. The maximum balance of the fund is the amount 1 9 equal to five percent of the adjusted revenue estimate 1 10 for the fiscal year. If the amount of moneys in the 1 11 Iowa economic emergency fund is equal to the maximum 1 12 balance, moneys in excess of this amount shall be 1 13 transferred to thegeneralchildren first fund as 1 14 created in section 8.57B. 1 15 Sec. . NEW SECTION. 8.57B CHILDREN FIRST 1 16 FUND. 1 17 1. A children first fund is created in the state 1 18 treasury. The children first fund shall be separate 1 19 from the general fund of the state and shall not be 1 20 considered part of the general fund of the state 1 21 except in determining the cash position of the state 1 22 for payment of state obligations. The moneys in the 1 23 children first fund are not subject to section 8.33 1 24 and shall not be transferred, used, obligated, 1 25 appropriated, or otherwise encumbered except as 1 26 provided in this section. Moneys in the children 1 27 first fund may be used for cash flow purposes provided 1 28 that any moneys so allocated are returned to the 1 29 children first fund by the end of each fiscal year. 1 30 However, the children first fund shall be considered a 1 31 special account for the purposes of section 8.53. 1 32 2. Notwithstanding section 12C.7, subsection 2, 1 33 interest or earnings on moneys deposited in the 1 34 children first fund shall be credited to the children 1 35 first fund. Interest or earnings on the moneys 1 36 deposited in the fund are subject to appropriation for 1 37 purposes of enhancing preschool and early education 1 38 programs for young children. The treasurer of state 1 39 may invest moneys in the children first fund in 1 40 investments authorized for the Iowa public employees' 1 41 retirement system in section 97B.7, subsection 2, 1 42 paragraph "b", except that investment in common stocks 1 43 is not permitted. An appropriation of any other 1 44 moneys deposited in or credited to the fund shall not 1 45 be made unless the bill or joint resolution is passed 1 46 by a vote of at least three-fifths of the members of 1 47 each house of the general assembly and is approved by 1 48 the governor. 1 49 Sec. . Section 8.58, unnumbered paragraph 2, 1 50 Code 2001, is amended to read as follows: 2 1To the extent that moneys appropriated under2 2section 8.57 do not result in moneys being credited to2 3the general fund under section 8.55, subsection 2,2 4moneysMoneys appropriated under section 8.57 and 2 5 moneys contained in the cash reserve fund, rebuild 2 6 Iowa infrastructure fund, environment first fund,and2 7 Iowa economic emergency fund, and the children first 2 8 fund shall not be considered by an arbitrator or in 2 9 negotiations under chapter 20." 2 10 2 11 2 12 2 13 PETERSEN of Polk 2 14 2 15 2 16 2 17 GREIMANN of Story 2 18 2 19 2 20 2 21 KREIMAN of Davis 2 22 HF 755.710 79 2 23 mg/cls
Text: H02003 Text: H02005 Text: H02000 - H02099 Text: H Index Bills and Amendments: General Index Bill History: General Index
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