House Journal: Page 2000: Tuesday, May 8, 2001
25 a. For county fair infrastructure improvements for
26 distribution in accordance with chapter 174 to
27 qualified fairs which belong to the association of
28 Iowa fairs:
29 $ 1,060,000
30 b. For deposit in the community attraction and
31 tourism fund:
32 $ 12,500,000
33 Payment of moneys from the appropriations in this
34 section shall be made in a manner that does not
35 adversely affect the tax-exempt status of any
36 outstanding bonds issued by the tobacco settlement
37 authority.
38 Sec. ___. CONTINGENT AND ALTERNATIVE
39 APPROPRIATIONS - EFFECTIVE DATE. The appropriations
40 in section 504 of this division of this Act shall be
41 made from the tax-exempt bond proceeds restricted
42 capital funds account of the tobacco settlement trust
43 fund on or after the effective date of the receipt of
44 tax-exempt bond proceeds by the tobacco settlement
45 authority and the deposit of the proceeds of the tax-
46 exempt bonds in the tax-exempt bond proceeds
47 restricted capital funds account of the tobacco
48 settlement trust fund. However, if any of the
49 following occurs, the appropriations in section 504 of
50 this division of this Act shall be made from the
Page 8
1 rebuild Iowa infrastructure fund to the extent they
2 cannot be made from the tax-exempt bond proceeds
3 restricted capital funds account of the tobacco
4 settlement trust fund:
5 1. 2001 Iowa Acts, Senate File 532 is not enacted.
6 2. 2001 Iowa Acts, Senate File 532 is enacted, but
7 the tobacco settlement authority established in
8 chapter 12E does not securitize tobacco master
9 settlement agreement payments sold to the authority
10 pursuant to 2001 Iowa Acts, Senate File 532 prior to
11 June 30, 2002.
12 3. 2001 Iowa Acts, Senate File 532 is enacted and
13 the tobacco settlement authority securitizes tobacco
14 master settlement agreement payments sold to the
15 authority pursuant to 2001 Iowa Acts, Senate File 532,
16 but the bond proceeds are not received by the tobacco
17 settlement authority and deposited in the tax-exempt
18 bond proceeds restricted capital funds account of the
19 tobacco settlement trust fund on or before June 30,
20 2002.
21 4. For any other reason, any of the amounts in
22 section 504 cannot be paid from the tax-exempt bond
23 proceeds restricted capital funds account of the
© 2001 Cornell College and
League of Women Voters of Iowa
Comments about this site or page?
hjourn@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Fri Jun 15 13:35:00 CDT 2001
URL: /DOCS/GA/79GA/Session.1/HJournal/02000/02000.html
jhf