Text: H08563 Text: H08565 Text: H08500 - H08599 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 2578 as follows: 1 2 #1. Page 20, by inserting after line 27 the 1 3 following: 1 4 "Sec. . Section 8.57, subsection 5, Code 1 5 Supplement 2003, is amended by adding the following 1 6 new paragraph: 1 7 NEW PARAGRAPH. g. Notwithstanding any other 1 8 provision to the contrary, and prior to the 1 9 appropriation of moneys from the rebuild Iowa 1 10 infrastructure fund pursuant to paragraph "c", and 1 11 section 8.57A, subsection 4, moneys shall first be 1 12 appropriated from the rebuild Iowa infrastructure fund 1 13 to the vertical infrastructure fund as provided in 1 14 section 8.57B, subsection 4. 1 15 Sec. . NEW SECTION. 8.57B VERTICAL 1 16 INFRASTRUCTURE FUND. 1 17 1. A vertical infrastructure fund is created under 1 18 the authority of the department of management. The 1 19 fund shall consist of appropriations made to the fund 1 20 and transfers of interest, earnings, and moneys from 1 21 other funds as provided by law. The fund shall be 1 22 separate from the general fund of the state and the 1 23 balance in the fund shall not be considered part of 1 24 the balance of the general fund of the state. 1 25 However, the fund shall be considered a special 1 26 account for the purposes of section 8.53, relating to 1 27 generally accepted accounting principles. 1 28 2. Notwithstanding section 12C.7, subsection 2, 1 29 interest or earnings on moneys in the vertical 1 30 infrastructure fund shall be credited to the rebuild 1 31 Iowa infrastructure fund. 1 32 3. Moneys in the fund in a fiscal year shall be 1 33 used as appropriated by the general assembly for 1 34 public vertical infrastructure projects. For the 1 35 purposes of this section, "vertical infrastructure" 1 36 includes only land acquisition and construction, major 1 37 renovation, and major repair of buildings, all 1 38 appurtenant structures, utilities, and site 1 39 development. "Vertical infrastructure" does not 1 40 include routine, recurring maintenance, debt service, 1 41 or operational expenses or leasing of a building, 1 42 appurtenant structure, or utility without a lease- 1 43 purchase agreement. 1 44 4. There is appropriated from the rebuild Iowa 1 45 infrastructure fund to the vertical infrastructure 1 46 fund, the following: 1 47 a. For the fiscal year beginning July 1, 2005, and 1 48 ending June 30, 2006, the sum of twenty-five million 1 49 dollars. 1 50 b. For the fiscal year beginning July 1, 2006, and 2 1 ending June 30, 2007, the sum of fifty million 2 2 dollars. 2 3 c. For the fiscal year beginning July 1, 2007, and 2 4 ending June 30, 2008, the sum of seventy-five million 2 5 dollars. 2 6 d. For the fiscal year beginning July 1, 2008, and 2 7 each fiscal year thereafter, the sum of one hundred 2 8 million dollars." 2 9 #2. By renumbering as necessary. 2 10 2 11 2 12 2 13 DIX of Butler 2 14 2 15 2 16 2 17 HUSEMAN of Cherokee 2 18 2 19 2 20 2 21 COHOON of Des Moines 2 22 2 23 2 24 2 25 QUIRK of Chickasaw 2 26 HF 2578.1 2 27 nh/es/25
Text: H08563 Text: H08565 Text: H08500 - H08599 Text: H Index Bills and Amendments: General Index Bill History: General Index
© 2004 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@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: Thu Apr 15 03:30:58 CDT 2004
URL: /DOCS/GA/80GA/Legislation/H/08500/H08564/040414.html
jhf