House Journal: Page 877: Monday, March 26, 2001
12 student achievement savings account fund created in
13 section 8.57B:
14 $ 42,000,000
15 Notwithstanding section 8.33, moneys appropriated
16 in this section shall not revert at the close of the
17 fiscal year."
18 2. Page 1, line 6, by inserting after the word
19 "limitation." the following: "The governor's budget
20 transmitted in accordance with section 8.21 shall
21 incorporate all other funds affecting directly or
22 indirectly the condition of the general fund of the
23 state, including but not limited to the funds created
24 in sections 8.55, 8.56, 8.57, 8.57A, and 8.57B."
25 3. Page 1, by inserting after line 16, the
26 following:
27 "Sec. . NEW SECTION. 8.57B TEACHER
28 COMPENSATION REFORM AND STUDENT ACHIEVEMENT SAVINGS
29 ACCOUNT FUND.
30 1. A teacher compensation reform and student
31 achievement savings account fund is created as a
32 separate and distinct fund in the state treasury under
33 the control of the department of education. Moneys in
34 the fund in a fiscal year shall be used as directed by
35 the general assembly for teacher compensation reform
36 and student achievement activities approved by the
37 Seventy-ninth General Assembly, First Regular Session,
38 or by future general assemblies.
39 2. Revenue for the teacher compensation reform and
40 student achievement savings account fund shall be
41 deposited with the treasurer of state and credited to
42 the fund and shall include, but is not limited to,
43 moneys in the form of a devise, gift, bequest,
44 donation, federal or other grant, reimbursement,
45 repayment, judgment, transfer, payment, or
46 appropriation from any source intended to be used for
47 the purposes of the fund.
48 3. Notwithstanding section 8.33, moneys
49 appropriated for deposit in the teacher compensation
50 reform and student achievement savings account fund
Page 2
1 shall not revert but shall remain available for
2 expenditure as directed by the general assembly in
3 appropriations made from the fund."
4 4. Title page, line 4, by inserting after the
5 word "assembly" the following: "and making an
6 appropriation".
© 2001 Cornell College and
League of Women Voters of Iowa
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