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House Amendment 8003

Amendment Text

PAG LIN
  1  1    Amend House File 2039 as follows:
  1  2    #1.  Page 1, by inserting after line 9 the
  1  3 following:
  1  4    "Sec. ___.  Section 8.57, Code Supplement 2003, is
  1  5 amended by adding the following new subsection:
  1  6    NEW SUBSECTION.  1A.  a.  There is appropriated
  1  7 from the surplus existing in the general fund of the
  1  8 state at the conclusion of the fiscal year beginning
  1  9 July 1, 2005, and ending June 30, 2006, and at the
  1 10 conclusion of each succeeding fiscal year for
  1 11 distribution to the senior living trust fund, an
  1 12 amount equal to one percent of the adjusted revenue
  1 13 estimate for the current fiscal year.  The
  1 14 appropriation made in this paragraph shall be
  1 15 distributed to the senior living trust fund in the
  1 16 succeeding fiscal year.  For the purposes of this
  1 17 subsection, "surplus" means the same as defined in
  1 18 subsection 1, paragraph "b".
  1 19    b.  The appropriation made in paragraph "a" shall
  1 20 be made before the appropriations are made pursuant to
  1 21 subsections 1, 2, and 3, of the surplus existing in
  1 22 the general fund of the state at the conclusion of the
  1 23 fiscal year beginning July 1, 2005, and ending June
  1 24 30, 2006, and each succeeding fiscal year.
  1 25    c.  The appropriation made in paragraph "a" shall
  1 26 continue until the aggregate of the appropriations
  1 27 made or transferred to the senior living trust fund
  1 28 pursuant to paragraph "a" of this subsection and
  1 29 section 8.55, subsection 2, paragraph "c", is equal to
  1 30 one hundred eighteen million dollars.
  1 31    d.  The aggregate amount of the appropriations to
  1 32 be transferred from the Iowa economic emergency fund
  1 33 to the senior living trust fund pursuant to section
  1 34 8.55, subsection 2, paragraph "c", shall be reduced by
  1 35 the appropriations made pursuant to paragraph "a" of
  1 36 this subsection.
  1 37    e.  This subsection is repealed when the aggregate
  1 38 amount of appropriations specified in paragraph "c"
  1 39 has been distributed or transferred to the senior
  1 40 living trust fund.  The director of the department of
  1 41 management shall notify the Iowa Code editor when the
  1 42 aggregate amount has been distributed or transferred."
  1 43    #2.  Title page, line 2, by inserting after the
  1 44 word "limitation" the following:  ", providing for a
  1 45 standing limited appropriation to the senior living
  1 46 trust fund,".
  1 47    #3.  By renumbering as necessary.  
  1 48 
  1 49 
  1 50 ______________________________
  2  1 DIX of Butler
  2  2 
  2  3 ______________________________
  2  4 HEATON of Henry
  2  5 HF 2039.701 80
  2  6 jp/gg
     

Text: H08002                            Text: H08004
Text: H08000 - H08099                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index

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