Text: SF00154 Text: SF00156 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. SUPPLEMENTAL APPROPRIATION. There is
1 2 appropriated from the general fund of the state to the
1 3 department of education for the fiscal year beginning July 1,
1 4 2000, and ending June 30, 2001, the following amount, or so
1 5 much thereof as is necessary, to be used for the purpose
1 6 designated:
1 7 For deposit in the teacher compensation reform and student
1 8 achievement savings account fund created in section 12.90:
1 9 .................................................. $ 42,000,000
1 10 Sec. 2. NEW SECTION. 12.90 TEACHER COMPENSATION REFORM
1 11 AND STUDENT ACHIEVEMENT SAVINGS ACCOUNT FUND.
1 12 1. A teacher compensation reform and student achievement
1 13 savings account is created and established as a separate and
1 14 distinct fund in the state treasury under the control of the
1 15 department of education. Moneys in the fund in a fiscal year
1 16 shall be used as directed by the general assembly for teacher
1 17 compensation reform and student achievement activities
1 18 approved by the Seventy-ninth General Assembly, First Session,
1 19 or by future general assemblies.
1 20 2. Revenue for the teacher compensation reform and student
1 21 achievement savings account fund shall be deposited with the
1 22 treasurer of state and credited to the fund and shall include,
1 23 but is not limited to, moneys in the form of a devise, gift,
1 24 bequest, donation, federal or other grant, reimbursement,
1 25 repayment, judgment, transfer, payment, or appropriation from
1 26 any source intended to be used for the purposes of the fund.
1 27 3. Moneys in the teacher compensation reform and student
1 28 achievement savings account fund are not subject to section
1 29 8.33.
1 30 Sec. 3. EFFECTIVE DATE. This Act, being deemed of
1 31 immediate importance, takes effect upon enactment.
1 32 EXPLANATION
1 33 This bill makes a supplemental appropriation of $42 million
1 34 from the general fund of the state to the department of
1 35 education for fiscal year 2001 for deposit in the teacher
2 1 compensation reform and student achievement savings account
2 2 fund, which the bill establishes in statute.
2 3 The fund is established in the state treasury under the
2 4 control of the department of education. The fund shall be
2 5 used for teacher compensation reform and student achievement
2 6 activities established by the 2001 general assembly or by
2 7 future general assemblies.
2 8 Moneys in the fund shall not revert to the general fund.
2 9 The bill takes effect upon enactment.
2 10 LSB 1503XS 79
2 11 kh/pj/5
Text: SF00154 Text: SF00156 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
© 2001 Cornell College and League of Women Voters of Iowa
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