House Journal: Page 2007: Tuesday, May 8, 2001
18 purposes described in paragraph "a". The department
19 of management and the department of revenue and
20 finance shall take appropriate actions to provide that
21 the amount of gaming revenues and lottery revenues
22 that will be available during the remainder of the
23 appropriate fiscal year is sufficient to cover any
24 anticipated deficiencies."
25 22. Page 17, by striking lines 18 through 28, and
26 inserting the following:
27 "Sec. ___. 2001 Iowa Acts, House File 755, section
28 30, if enacted, is amended to read as follows:
29 SEC. 30. Notwithstanding any contrary provision in
30 section 455E.11, subsection 1, Code 2001, any
31 unencumbered or unobligated cash balance in the
32 groundwater protection fund and in any of the accounts
33 within the groundwater protection fund on June 30,
34 2001 not needed for expenditure in the fiscal year
35 beginning July 1, 2001, and ending June 30, 2002,
36 shall be transferred to the general fund of the state.
37 Sec. . USE OF TAX-EXEMPT BOND PROCEEDS -
38 REIMBURSEMENT.
39 1. Notwithstanding any provision of law to the
40 contrary, moneys deposited in the tax-exempt bond
41 proceeds restricted capital funds account of the
42 tobacco settlement trust fund that are subject to an
43 appropriation pursuant to section 12E.10, subsection
44 1, paragraph "b", as amended by 2001 Iowa Acts, Senate
45 File 532, if enacted, shall remain in the tax-exempt
46 bond proceeds restricted capital funds account until
47 such time as costs are properly incurred and due for
48 the purpose for which the appropriation was made.
49 Payments for such properly incurred costs shall be
50 made consistent with the requirements of federal law,
Page 15
1 chapter 12E, as amended by 2001 Iowa Acts, Senate File
2 532, if enacted, and the sales agreement, as defined
3 in section 12E.2.
4 2. Until bond proceeds are received by the tobacco
5 settlement authority and deposited in the tax-exempt
6 bond proceeds restricted capital funds account of the
7 tobacco settlement trust fund, payments for costs
8 incurred for projects for which appropriations are
9 made in section 504 of this division of this Act may
10 be made from the rebuild Iowa infrastructure fund.
11 Upon receipt of bond proceeds and deposit of the
12 proceeds in the tax-exempt bond proceeds restricted
13 capital funds account, such payments shall be
14 reimbursed to the rebuild Iowa infrastructure fund
15 from the tax-exempt bond proceeds restricted capital
16 funds account, subject, however, to any applicable
© 2001 Cornell College and
League of Women Voters of Iowa
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