House Journal: Page 923: Tuesday, March 27, 2001
RULE 68 SUSPENDED
Myers of Johnson asked and received unanimous consent to
suspend Rule 68, relating to the order of consideration of
amendments, for the immediate consideration of amendment H-1327
filed by Smith of Marshall et al., as follows:
H-1327
1 Amend Senate File 66, as passed by the Senate, as
2 follows:
3 1. Page 1, by inserting after line 16 the
4 following:
5 "Sec. . Section 8.55, subsection 2, Code 2001,
6 is amended to read as follows:
7 2. The maximum balance of the fund is the amount
8 equal to five percent of the adjusted revenue estimate
9 for the fiscal year. If the amount of moneys in the
10 Iowa economic emergency fund is equal to the maximum
11 balance, moneys in excess of this amount shall be
12 transferred to the general children first fund.
13 Sec. . NEW SECTION. 8.57B CHILDREN FIRST
14 FUND.
15 1. A children first fund is created in the state
16 treasury. The children first fund shall be separate
17 from the general fund of the state and shall not be
18 considered part of the general fund of the state
19 except in determining the cash position of the state
20 for payment of state obligations. The moneys in the
21 children first fund are not subject to section 8.33
22 and shall not be transferred, used, obligated,
23 appropriated, or otherwise encumbered except as
24 provided in this section. Moneys in the children
25 first fund may be used for cash flow purposes provided
26 that any moneys so allocated are returned to the
27 children first fund by the end of each fiscal year.
28 However, the children first fund shall be considered a
29 special account for the purposes of section 8.53.
30 2. Notwithstanding section 12C.7, subsection 2,
31 interest or earnings on moneys deposited in the
32 children first fund shall be credited to the children
33 first fund. Interest or earnings on the moneys
34 deposited in the fund are subject to appropriation for
35 purposes of enhancing preschool and early education
36 programs for young children. An appropriation of any
37 other moneys deposited in or credited to the fund
38 shall not be made unless the bill or joint resolution
39 is passed by a vote of at least three-fifths of the
40 members of each house of the general assembly and is
41 approved by the governor."
© 2001 Cornell College and
League of Women Voters of Iowa
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