Text: H08471 Text: H08473 Text: H08400 - H08499 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 2298, as amended, passed, and 1 2 reprinted by the Senate, as follows: 1 3 #1. Page 31, line 23, by striking the figure 1 4 "2,363,557" and inserting the following: "2,998,502". 1 5 #2. Page 31, line 26, by striking the figure 1 6 "550,000" and inserting the following: "1,184,945". 1 7 #3. Page 31, line 32, by inserting after the word 1 8 "subsection." the following: "Of the amount allocated 1 9 in this subsection, up to $25,000 shall be used to 1 10 establish a program to provide technical assistance to 1 11 businesses that have lost employees who were called to 1 12 military service." 1 13 #4. Page 48, by striking line 32 and inserting the 1 14 following: 1 15 "................................................. $ 47,363,894 1 16 . JOBS FOR AMERICA'S GRADUATES 1 17 For school districts to provide direct services to 1 18 the most at-risk senior high school students enrolled 1 19 in school districts through direct intervention by a 1 20 "jobs for America's graduates" specialist: 1 21 .................................................. $ 400,000 1 22 . EARLY CHILDHOOD PROGRAMS 1 23 For purposes of early childhood programs, including 1 24 but not limited to the early childhood programs grants 1 25 and the school ready children grant program 1 26 established pursuant to chapter 28, and the shared 1 27 vision program administered by the child development 1 28 coordinating council in accordance with chapter 256A: 1 29 .................................................. $ 1,500,000 1 30 . PROFESSIONAL DEVELOPMENT 1 31 For professional development of teachers and 1 32 improvement of student achievement: 1 33 .................................................. $ 10,000,000 1 34 Funds appropriated in this subsection shall be 1 35 distributed as follows: 1 36 a. The amount of $555,000 shall be used to 1 37 implement the highest priority recommendations of the 1 38 achievement gap task force. Priority shall be given 1 39 to the recommendations that are research-based and 1 40 have the highest probability of improving student 1 41 achievement. 1 42 b. Funds remaining after distribution as provided 1 43 in paragraph "a" shall be distributed for professional 1 44 development purposes in accordance with the formula 1 45 specified in section 284.13, subsection 1, paragraph 1 46 "f", to each school district that applies to the 1 47 department and provides a total general fund budget 1 48 demonstrating that the district intends to increase 1 49 the proportion of its total expenditures for 1 50 instruction compared to the proportion expended in the 2 1 prior year. Increased proportionate expenditures, not 2 2 including funds received under this lettered 2 3 paragraph, must be achieved through proportionate 2 4 decreases in administration and administrative 2 5 services as defined by the department. 2 6 c. A school district shall expend the funds 2 7 received as provided in paragraph "b" for the 2 8 following purposes: 2 9 (1) Compensating staff for professional 2 10 development time that occurs outside of the regular 2 11 contract. 2 12 (2) Substitute teacher costs that provide training 2 13 or development time for teachers. 2 14 (3) Costs for trainers or providers of 2 15 professional development. 2 16 (4) Professional development supplies and 2 17 materials, including software or courseware. However, 2 18 not more than ten percent of the funds received by a 2 19 school district under paragraph "b" may be used for 2 20 professional development supplies and materials." 2 21 #5. Page 185, by striking lines 10 through 31. 2 22 #6. Page 204, line 18, by striking the word 2 23 "sections" and inserting the following: "section". 2 24 #7. Page 204, line 19, by striking the word 2 25 "sections" and inserting the following: "section". 2 26 #8. Page 204, line 19, by striking the words and 2 27 figure "and 257.35 are" and inserting the following: 2 28 "is". 2 29 #9. Page 205, by inserting after line 21 the 2 30 following: 2 31 "DIVISION 2 32 GROW IOWA VALUES FUND FUNDING 2 33 Sec. ___. GENERAL FUND APPROPRIATION. From the 2 34 proceeds received from the sale of bonds issued 2 35 pursuant to section 12.91, there is appropriated from 2 36 the grow Iowa values fund to the general fund of the 2 37 state for the fiscal period beginning July 1, 2004, 2 38 and ending June 30, 2006, the following amount for 2 39 deposit in the general fund: 2 40 FY 2004-2005 ..................................... $ 39,900,000 2 41 FY 2005-2006...................................... $ 39,900,000 2 42 Sec. . GENERAL FUND TRANSFER. There is 2 43 transferred from the grow Iowa values fund created in 2 44 section 15G.108 to the general fund of the state for 2 45 the fiscal year beginning July 1, 2004, and ending 2 46 June 30, 2005, the following amount: 2 47 From moneys anticipated to be received from the 2 48 federal government for state and local government 2 49 fiscal relief under the federal Jobs and Growth Tax 2 50 Relief Reconciliation Act of 2003: 3 1 .................................................. $ 41,000,000 3 2 One hundred percent of the amount transferred 3 3 pursuant to this section shall be added to the state 3 4 general fund expenditure limitation for fiscal year 3 5 2004-2005 under section 8.54. 3 6 Sec. . Section 8.57, subsection 5, paragraph e, 3 7 Code Supplement 2003, is amended to read as follows: 3 8 e. Notwithstanding provisions to the contrary in 3 9 sections 99D.17 and 99F.11, for the fiscal year 3 10 beginning July 1,20002003, andfor each fiscal year3 11thereafterending June 30, 2004, not more than a total 3 12 of sixty million dollars shall be deposited in the 3 13 general fund of the state inanythe fiscal year 3 14 pursuant to sections 99D.17 and 99F.11; for the fiscal 3 15 period beginning July 1, 2004, and ending June 30, 3 16 2030, not more than a total of thirty-nine million 3 17 nine hundred thousand dollars of the moneys directed 3 18 to be deposited in the general fund of the state in a 3 19 fiscal year pursuant to sections 99D.17 and 99F.11 3 20 shall be deposited in the grow Iowa values fund 3 21 created in section 15G.108 in any fiscal year, and not 3 22 more than a total of twenty million one hundred 3 23 thousand dollars shall be deposited in the general 3 24 fund in any fiscal year; and for the fiscal year 3 25 beginning July 1, 2030, and for each fiscal year 3 26 thereafter, not more than a total of sixty million 3 27 dollars shall be deposited in the general fund of the 3 28 state in any fiscal year pursuant to sections 99D.17 3 29 and 99F.11. The next fifteen million dollars of the 3 30 moneys directed to be deposited in the general fund of 3 31 the state in a fiscal year pursuant to sections 99D.17 3 32 and 99F.11 shall be deposited in the vision Iowa fund 3 33 created in section 12.72 for the fiscal year beginning 3 34 July 1, 2000, and for each fiscal year through the 3 35 fiscal year beginning July 1, 2019. The next five 3 36 million dollars of the moneys directed to be deposited 3 37 in the general fund of the state in a fiscal year 3 38 pursuant to sections 99D.17 and 99F.11 shall be 3 39 deposited in the school infrastructure fund created in 3 40 section 12.82 for the fiscal year beginning July 1, 3 41 2000, and for each fiscal year thereafter until the 3 42 principal and interest on all bonds issued by the 3 43 treasurer of state pursuant to section 12.81 are paid, 3 44 as determined by the treasurer of state. The total 3 45 moneys in excess of the moneys deposited in the 3 46 general fund of the state, the grow Iowa values fund, 3 47 the vision Iowa fund, and the school infrastructure 3 48 fund in a fiscal year shall be deposited in the 3 49 rebuild Iowa infrastructure fund and shall be used as 3 50 provided in this section, notwithstanding section 4 1 8.60. 4 2 If the total amount of moneys directed to be 4 3 deposited in the general fund of the state under 4 4 sections 99D.17 and 99F.11 in a fiscal year is less 4 5 than the total amount of moneys directed to be 4 6 deposited in the grow Iowa values fund, the vision 4 7 Iowa fund, and the school infrastructure fund in the 4 8 fiscal year pursuant to this paragraph "e", the 4 9 difference shall be paid from lottery revenues in the 4 10 manner provided in section 99G.39, subsection 3. 4 11 Sec. . NEW SECTION. 12.91 GENERAL AND 4 12 SPECIFIC BONDING POWERS. 4 13 1. The treasurer of state may issue bonds for the 4 14 purpose of funding the grow Iowa values fund created 4 15 in section 15G.108. The treasurer of state shall have 4 16 all of the powers which are necessary to issue and 4 17 secure bonds and carry out the purposes of the fund. 4 18 The treasurer of state may issue bonds in principal 4 19 amounts which are necessary to provide sufficient 4 20 funds for the grow Iowa values fund, the payment of 4 21 interest on the bonds, the establishment of reserves 4 22 to secure the bonds, the costs of issuance of the 4 23 bonds, other expenditures of the treasurer of state 4 24 incident to and necessary or convenient to carry out 4 25 the bond issue for the fund, and all other 4 26 expenditures of the board necessary or convenient to 4 27 administer the fund. The bonds are investment 4 28 securities and negotiable instruments within the 4 29 meaning of and for purposes of the uniform commercial 4 30 code. 4 31 2. Bonds issued under this section are payable 4 32 solely and only out of the moneys, assets, or revenues 4 33 of the grow Iowa values fund and any bond reserve 4 34 funds established pursuant to section 12.92, all of 4 35 which may be deposited with trustees or depositories 4 36 in accordance with bond or security documents and 4 37 pledged to the payment thereof. Bonds issued under 4 38 this section shall contain on their face a statement 4 39 that the bonds do not constitute an indebtedness of 4 40 the state. The treasurer of state shall not pledge 4 41 the credit or taxing power of this state or any 4 42 political subdivision of the state or make bonds 4 43 issued pursuant to this section payable out of any 4 44 moneys except those in the grow Iowa values fund. 4 45 3. The proceeds of bonds issued by the treasurer 4 46 of state and not required for immediate disbursement 4 47 may be deposited with a trustee or depository as 4 48 provided in the bond documents and invested or 4 49 reinvested in any investment as directed by the 4 50 treasurer of state and specified in the trust 5 1 indenture, resolution, or other instrument pursuant to 5 2 which the bonds are issued without regard to any 5 3 limitation otherwise provided by law. 5 4 4. The bonds shall be: 5 5 a. In a form, issued in denominations, executed in 5 6 a manner, and payable over terms and with rights of 5 7 redemption, and be subject to the terms, conditions, 5 8 and covenants providing for the payment of the 5 9 principal of, redemption premiums, if any, interest 5 10 which may be fixed or variable during any period the 5 11 bonds are outstanding, and such other terms and 5 12 conditions as prescribed in the trust indenture, 5 13 resolution, or other instrument authorizing their 5 14 issuance. 5 15 b. Negotiable instruments under the laws of the 5 16 state and may be sold at prices, at public or private 5 17 sale, and in a manner, as prescribed by the treasurer 5 18 of state. Chapters 73A, 74, 74A, and 75 do not apply 5 19 to the sale or issuance of the bonds. 5 20 c. Subject to the terms, conditions, and covenants 5 21 providing for the payment of the principal, redemption 5 22 premiums, if any, interest, and other terms, 5 23 conditions, covenants, and protective provisions 5 24 safeguarding payment, not inconsistent with this 5 25 section and as determined by the trust indenture, 5 26 resolution, or other instrument authorizing their 5 27 issuance. 5 28 5. The bonds are securities in which public 5 29 officers and bodies of this state, political 5 30 subdivisions of this state, insurance companies and 5 31 associations and other persons carrying on an 5 32 insurance business, banks, trust companies, savings 5 33 associations, savings and loan associations, and 5 34 investment companies; administrators, guardians, 5 35 executors, trustees, and other fiduciaries; and other 5 36 persons authorized to invest in bonds or other 5 37 obligations of the state may properly and legally 5 38 invest funds, including capital, in their control or 5 39 belonging to them. 5 40 6. Bonds must be authorized by a trust indenture, 5 41 resolution, or other instrument of the treasurer of 5 42 state. 5 43 7. Neither the resolution, trust indenture, nor 5 44 any other instrument by which a pledge is created 5 45 needs to be recorded or filed under the Iowa uniform 5 46 commercial code to be valid, binding, or effective. 5 47 8. Bonds issued under the provisions of this 5 48 section are declared to be issued for a general public 5 49 and governmental purpose and all bonds issued under 5 50 this section shall be exempt from taxation by the 6 1 state of Iowa and the interest on the bonds shall be 6 2 exempt from the state income tax and the state 6 3 inheritance and estate tax. 6 4 9. Subject to the terms of any bond documents, 6 5 moneys in the grow Iowa values fund may be expended 6 6 for administration expenses. 6 7 10. The treasurer of state may issue bonds for the 6 8 purpose of refunding any bonds issued pursuant to this 6 9 section then outstanding, including the payment of any 6 10 redemption premiums thereon and any interest accrued 6 11 or to accrue to the date of redemption of the 6 12 outstanding bonds. Until the proceeds of bonds issued 6 13 for the purpose of refunding outstanding bonds are 6 14 applied to the purchase or retirement of outstanding 6 15 bonds or the redemption of outstanding bonds, the 6 16 proceeds may be placed in escrow and be invested and 6 17 reinvested in accordance with the provisions of this 6 18 section. The interest, income, and profits earned or 6 19 realized on an investment may also be applied to the 6 20 payment of the outstanding bonds to be refunded by 6 21 purchase, retirement, or redemption. After the terms 6 22 of the escrow have been fully satisfied and carried 6 23 out, any balance of proceeds and interest earned or 6 24 realized on the investments may be returned to the 6 25 treasurer of state for deposit in the grow Iowa values 6 26 fund established in section 15G.108. All refunding 6 27 bonds shall be issued and secured and subject to the 6 28 provisions of this chapter in the same manner and to 6 29 the same extent as other bonds issued pursuant to this 6 30 section. 6 31 11. The treasurer of state shall have all of the 6 32 powers which are necessary to issue and secure bonds, 6 33 including but not limited to the power to procure 6 34 insurance, other credit enhancements, and other 6 35 financing arrangements, and to execute instruments and 6 36 contracts and to enter into agreements convenient or 6 37 necessary to facilitate financing arrangements with 6 38 respect to the bonds and to carry out the purposes of 6 39 the fund, including but not limited to such 6 40 arrangements, instruments, contracts, and agreements 6 41 as municipal bond insurance, self-insurance or 6 42 liquidity trusts, accounts, pools or other 6 43 arrangements, liquidity facilities or covenants, 6 44 letters of credit, and interest rate agreements. 6 45 12. For purposes of this section and sections 6 46 12.92 through 12.95, the term "bonds" means bonds, 6 47 notes, and other obligations and financing 6 48 arrangements issued or entered into by the treasurer 6 49 of state and the term "interest rate agreement" means 6 50 an interest rate swap or exchange agreement, an 7 1 agreement establishing an interest rate floor or 7 2 ceiling or both, or any similar agreement. Any such 7 3 agreement may include the option to enter into or 7 4 cancel the agreement or to reverse or extend the 7 5 agreement. 7 6 Sec. . NEW SECTION. 12.92 GROW IOWA VALUES 7 7 FUND ACCOUNTS AND RESERVE FUNDS. 7 8 1. The treasurer of state shall establish such 7 9 accounts within the grow Iowa values fund created in 7 10 section 15G.108 as may be appropriate, including debt 7 11 service accounts for the purpose of paying the 7 12 principal of, redemption premium, if any, and interest 7 13 on bonds payable therefrom. Moneys in the debt 7 14 service accounts shall not be subject to appropriation 7 15 for any other purpose by the general assembly, but 7 16 shall be used only for the purposes of paying the 7 17 principal of, redemption premium, if any, and interest 7 18 on the bonds payable therefrom. 7 19 2. Revenue for the grow Iowa values fund shall 7 20 include, but is not limited to, the following, which 7 21 shall be deposited with the treasurer of state or its 7 22 designee as provided by any bond or security documents 7 23 and credited to the debt service account: 7 24 a. The proceeds of bonds issued to capitalize and 7 25 pay the costs of the fund and investment earnings on 7 26 the proceeds. 7 27 b. Interest attributable to investment of moneys 7 28 in the fund or an account of the fund. 7 29 c. Moneys in the form of a devise, gift, bequest, 7 30 donation, federal or other grant, reimbursement, 7 31 repayment, judgment, transfer, payment, or 7 32 appropriation from any source intended to be used for 7 33 the purposes of the fund or account. 7 34 3. a. The treasurer of state may create and 7 35 establish one or more special funds, to be known as 7 36 "bond reserve funds", to secure one or more issues of 7 37 bonds issued pursuant to section 12.91. The treasurer 7 38 of state shall pay into each bond reserve fund any 7 39 moneys appropriated and made available by the state or 7 40 treasurer of state for the purpose of the fund, any 7 41 proceeds of sale of bonds to the extent provided in 7 42 the resolutions or trust indentures authorizing their 7 43 issuance, and any other moneys which may be available 7 44 to the treasurer of state for the purpose of the fund 7 45 from any other sources. All moneys held in a bond 7 46 reserve fund, except as otherwise provided in this 7 47 chapter, shall be used as required solely for the 7 48 payment of the principal of bonds secured in whole or 7 49 in part by the fund or of the sinking fund payments 7 50 with respect to the bonds, the purchase or redemption 8 1 of the bonds, the payment of interest on the bonds, or 8 2 the payments of any redemption premium required to be 8 3 paid when the bonds are redeemed prior to maturity. 8 4 b. Moneys in a bond reserve fund shall not be 8 5 withdrawn from it at any time in an amount that will 8 6 reduce the amount of the fund to less than the bond 8 7 reserve fund requirement established for the fund, as 8 8 provided in this subsection, except for the purpose of 8 9 making, with respect to bonds secured in whole or in 8 10 part by the fund, payment when due of principal, 8 11 interest, redemption premiums, and the sinking fund 8 12 payments with respect to the bonds for the payment of 8 13 which other moneys of the treasurer of state are not 8 14 available. 8 15 Any income or interest earned by, or incremental 8 16 to, a bond reserve fund due to the investment of it 8 17 may be transferred by the treasurer of state to other 8 18 funds or accounts to the extent the transfer does not 8 19 reduce the amount of that bond reserve fund below the 8 20 bond reserve fund requirement for it. 8 21 c. The treasurer of state shall not at any time 8 22 issue bonds, secured in whole or in part by a bond 8 23 reserve fund, if, upon the issuance of the bonds, the 8 24 amount in the bond reserve fund will be less than the 8 25 bond reserve fund requirement for the fund, unless the 8 26 treasurer of state at the time of issuance of the 8 27 bonds deposits in the fund from the proceeds of the 8 28 bonds issued or from other sources an amount which, 8 29 together with the amount then in the fund, will not be 8 30 less than the bond reserve fund requirement for the 8 31 fund. For the purposes of this subsection, the term 8 32 "bond reserve fund requirement" means, as of any 8 33 particular date of computation, an amount of money, as 8 34 provided in the resolutions or trust indentures 8 35 authorizing the bonds with respect to which the fund 8 36 is established. 8 37 d. To assure the continued solvency of any bonds 8 38 secured by the bond reserve fund, provision is made in 8 39 paragraph "a" for the accumulation in each bond 8 40 reserve fund of an amount equal to the bond reserve 8 41 requirement for the fund. In order to further assure 8 42 maintenance of the bond reserve funds, the treasurer 8 43 of state shall, on or before January 1 of each 8 44 calendar year, make and deliver to the governor the 8 45 treasurer of state's certificate stating the sum, if 8 46 any, required to restore each bond reserve fund to the 8 47 bond reserve fund requirement for that fund. Within 8 48 thirty days after the beginning of the session of the 8 49 general assembly next following the delivery of the 8 50 certificate, the governor shall submit to both houses 9 1 printed copies of a budget including the sum, if any, 9 2 required to restore each bond reserve fund to the bond 9 3 reserve fund requirement for that fund. Any sums 9 4 appropriated by the general assembly and paid to the 9 5 treasurer of state pursuant to this subsection shall 9 6 be deposited by the treasurer of state in the 9 7 applicable bond reserve fund. 9 8 Sec. . NEW SECTION. 12.93 PLEDGES. 9 9 1. It is the intention of the general assembly 9 10 that a pledge made in respect of bonds shall be valid 9 11 and binding from the time the pledge is made, that the 9 12 moneys or property so pledged and received after the 9 13 pledge by the treasurer of state shall immediately be 9 14 subject to the lien of the pledge without physical 9 15 delivery or further act, and that the lien of the 9 16 pledge shall be valid and binding as against all 9 17 parties having claims of any kind in tort, contract, 9 18 or otherwise against the treasurer of state whether or 9 19 not the parties have notice of the lien. 9 20 2. The moneys set aside in a fund or funds pledged 9 21 for any series or issue of bonds shall be held for the 9 22 sole benefit of the series or issue separate and apart 9 23 from moneys pledged for another series or issue of 9 24 bonds of the treasurer of state. Bonds may be issued 9 25 in series under one or more resolutions or trust 9 26 indentures and may be fully open-ended, thus providing 9 27 for the unlimited issuance of additional series, or 9 28 partially open-ended, limited as to additional series. 9 29 Sec. . NEW SECTION. 12.94 LIMITATIONS. 9 30 Bonds issued pursuant to section 12.91 are not 9 31 debts of the state, or of any political subdivision of 9 32 the state, and do not constitute a pledge of the faith 9 33 and credit of the state or a charge against the 9 34 general credit or general fund of the state. The 9 35 issuance of any bonds pursuant to section 12.91 by the 9 36 treasurer of state does not directly, indirectly, or 9 37 contingently obligate the state or a political 9 38 subdivision of the state to apply moneys, or to levy 9 39 or pledge any form of taxation whatever, to the 9 40 payment of the bonds. Bonds issued under section 9 41 12.91 are payable solely and only from the sources and 9 42 special fund and accounts provided in section 12.92. 9 43 Sec. . NEW SECTION. 12.95 CONSTRUCTION. 9 44 Sections 12.91 through 12.94, being necessary for 9 45 the welfare of this state and its inhabitants, shall 9 46 be liberally construed to effect its purposes. 9 47 Sec. . Section 15G.108, Code Supplement 2003, 9 48 is amended to read as follows: 9 49 15G.108 GROW IOWA VALUES FUND. 9 50 A grow Iowa values fund is created and established 10 1 as a separate and distinct fund in the state treasury 10 2under the control of the grow Iowa values board10 3consisting of moneys appropriated to the grow Iowa10 4values board. Moneys in the fund are not subject to 10 5 section 8.33. Notwithstanding section 12C.7, interest 10 6 or earnings on moneys in the fund shall be credited to 10 7 the fund. Moneys in the fund shall not be subject to 10 8 appropriation for any other purposes by the general 10 9 assembly other than as provided in this Act and 2003 10 10 Iowa Acts, First Extraordinary Session, chapter 2, but 10 11 shall be used only for the purposes of the grow Iowa 10 12 values fund. The treasurer of state shall act as 10 13 custodian of the fund and disburse moneys contained in 10 14 the fund as directed by the grow Iowa values board, 10 15 including automatic disbursements of moneys received 10 16 pursuant to the terms of bond indentures and documents 10 17 and security provisions to trustees. The fund shall 10 18 be administered by the grow Iowa values board, which 10 19 shall make expenditures from the fund consistent with 10 20 this chapter and pertinent Acts of the general 10 21 assembly. Any financial assistance provided using 10 22 moneys from the fund may be provided over a period of 10 23 time of more than one year. Payments of interest, 10 24 repayments of moneys loaned pursuant to this chapter, 10 25 and recaptures of grants or loans shall be deposited 10 26 in the fund. 10 27 Sec. . Section 15G.110, Code Supplement 2003, 10 28 is amended to read as follows: 10 29 15G.110 FUTURE CONSIDERATION. 10 30 Not later than February 1, 2007, the legislative 10 31 services agency shall prepare and deliver to the 10 32 secretary of the senate and the chief clerk of the 10 33 house of representatives identical bills that repeal 10 34 the provisions of this chapter, with the exception of 10 35 sections 15G.101, 15G.102, 15G.103, and 15G.108. It 10 36 is the intent of this section that the general 10 37 assembly shall bring the bill to a vote in either the 10 38 senate or the house of representatives expeditiously. 10 39 It is further the intent of this chapter that if the 10 40 bill is approved by the first house in which it is 10 41 considered, it shall expeditiously be brought to a 10 42 vote in the second house. 10 43 Sec. . Section 99G.39, subsection 3, paragraph 10 44 a, Code Supplement 2003, is amended to read as 10 45 follows: 10 46 a. Notwithstanding subsection 1, if gaming 10 47 revenues under sections 99D.17 and 99F.11 are 10 48 insufficient in a fiscal year to meet the total amount 10 49 of such revenues directed to be deposited in the grow 10 50 Iowa values fund, the vision Iowa fund, and the school 11 1 infrastructure fund during the fiscal year pursuant to 11 2 section 8.57, subsection 5, paragraph "e", the 11 3 difference shall be paid from lottery revenues prior 11 4 to deposit of the lottery revenues in the general 11 5 fund. If lottery revenues are insufficient during the 11 6 fiscal year to pay the difference, the remaining 11 7 difference shall be paid from lottery revenues in 11 8 subsequent fiscal years as such revenues become 11 9 available. 11 10 Sec. . 2003 Iowa Acts, First Extraordinary 11 11 Session, chapter 1, section 114, is amended to read as 11 12 follows: 11 13 SEC. 114. The divisions of this Act designated the 11 14 grow Iowa values board and fund, with the exception of 11 15 sections 15G.101, 15G.102, 15G.103, and 15G.108, Code 11 16 Supplement 2003, the value-added agricultural products 11 17 and processes financial assistance program, the endow 11 18 Iowa grants, the technology transfer advisors, the 11 19 Iowa economic development loan and credit guarantee 11 20 fund, the economic development assistance and data 11 21 collection, the cultural and entertainment districts, 11 22 the workforce issues, and the university-based 11 23 research utilization program, are repealed effective 11 24 June 30, 2010. 11 25 Sec. . 2003 Iowa Acts, First Extraordinary 11 26 Session, chapter 2, section 75, subsection 1, is 11 27 amended to read as follows: 11 28 1. There is appropriated from the general fund of 11 29 the state from moneys credited to the general fund of 11 30 the state as a result of entering into the streamlined 11 31 sales and use tax agreement, for the fiscalperiod11 32 year beginning July 1, 2003, and ending June 30,201011 33 2004, the followingamountsamount to be used for the 11 34 purpose designated: 11 35 For deposit in the grow Iowa values fund created in 11 36 section15G.107, if enacted by 2003 Iowa Acts, House11 37File 692 or another Act15G.108: 11 38 FY 2003-2004...................................... $ 5,000,000 11 39FY 2004-2005...................................... $ 23,000,00011 40FY 2005-2006...................................... $ 75,000,00011 41FY 2006-2007...................................... $ 75,000,00011 42FY 2007-2008...................................... $ 75,000,00011 43FY 2008-2009...................................... $ 75,000,00011 44FY 2009-2010...................................... $ 75,000,000" 11 45 #10. By renumbering as necessary. 11 46 11 47 11 48 11 49 KUHN of Floyd 11 50 12 1 12 2 12 3 BELL of Jasper 12 4 12 5 12 6 12 7 BERRY of Black Hawk 12 8 12 9 12 10 12 11 BUKTA of Clinton 12 12 12 13 12 14 12 15 COHOON of Des Moines 12 16 12 17 12 18 12 19 CONNORS of Polk 12 20 12 21 12 22 12 23 DANDEKAR of Linn 12 24 12 25 12 26 12 27 DAVITT of Warren 12 28 12 29 12 30 12 31 FOEGE of Linn 12 32 12 33 12 34 12 35 FORD of Polk 12 36 12 37 12 38 12 39 FREVERT of Palo Alto 12 40 12 41 12 42 12 43 GASKILL of Wapello 12 44 12 45 12 46 12 47 GREIMANN of Story 12 48 12 49 12 50 13 1 HEDDENS of Story 13 2 13 3 13 4 13 5 HOGG of Linn 13 6 13 7 13 8 13 9 HUNTER of Polk 13 10 13 11 13 12 13 13 JACOBY of Johnson 13 14 13 15 13 16 13 17 JOCHUM of Dubuque 13 18 13 19 13 20 13 21 LENSING of Johnson 13 22 13 23 13 24 13 25 LYKAM of Scott 13 26 13 27 13 28 13 29 MASCHER of Johnson 13 30 13 31 13 32 13 33 McCARTHY of Polk 13 34 13 35 13 36 13 37 MERTZ of Kossuth 13 38 13 39 13 40 13 41 MILLER of Webster 13 42 13 43 13 44 13 45 MURPHY of Dubuque 13 46 13 47 13 48 13 49 OLDSON of Polk 13 50 14 1 14 2 14 3 D. OLSON of Boone 14 4 14 5 14 6 14 7 OSTERHAUS of Jackson 14 8 14 9 14 10 14 11 PETERSEN of Polk 14 12 14 13 14 14 14 15 QUIRK of Chickasaw 14 16 14 17 14 18 14 19 REASONER of Union 14 20 14 21 14 22 14 23 SHOMSHOR of Pottawattamie 14 24 14 25 14 26 14 27 SHOULTZ of Black Hawk 14 28 14 29 14 30 14 31 SMITH of Marshall 14 32 14 33 14 34 14 35 STEVENS of Dickinson 14 36 14 37 14 38 14 39 SWAIM of Davis 14 40 14 41 14 42 14 43 D. TAYLOR of Linn 14 44 14 45 14 46 14 47 T. TAYLOR of Linn 14 48 14 49 14 50 15 1 THOMAS of Clayton 15 2 15 3 15 4 15 5 WENDT of Woodbury 15 6 15 7 15 8 15 9 WHITAKER of Van Buren 15 10 15 11 15 12 15 13 WHITEAD of Woodbury 15 14 15 15 15 16 15 17 WINCKLER of Scott 15 18 15 19 15 20 15 21 WISE of Lee 15 22 SF 2298.743 80 15 23 kh/gg
Text: H08471 Text: H08473 Text: H08400 - H08499 Text: H Index Bills and Amendments: General Index Bill History: General Index
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