Text: HF00675 Text: HF00677 Text: HF00600 - HF00699 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 HOUSE FILE 676
1 2
1 3 AN ACT
1 4 ESTABLISHING A VETERANS TRUST FUND UNDER THE CONTROL OF THE
1 5 COMMISSION OF VETERANS AFFAIRS AND PROVIDING A CONTINGENT
1 6 APPROPRIATION.
1 7
1 8 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 9
1 10 Section 1. NEW SECTION. 35A.13 VETERANS TRUST FUND.
1 11 1. For the purposes of this section, "veteran" means the
1 12 same as defined in section 35.1 or a resident of this state
1 13 who served in the armed forces of the United States, completed
1 14 a minimum aggregate of ninety days of active federal service,
1 15 and was discharged under honorable conditions.
1 16 2. A veterans trust fund is created in the state treasury
1 17 under the control of the commission.
1 18 3. The trust fund shall consist of all of the following:
1 19 a. Moneys in the form of a devise, gift, bequest,
1 20 donation, federal or other grant, reimbursement, repayment,
1 21 judgment, transfer, payment, or appropriation from any source
1 22 intended to be used for the purposes of the trust fund.
1 23 b. Interest attributable to investment of moneys in the
1 24 fund or an account of the trust fund. Notwithstanding section
1 25 12C.7, subsection 2, interest or earnings on moneys in the
1 26 trust fund shall be credited to the trust fund.
1 27 4. Moneys credited to the trust fund shall not be
1 28 transferred, used, obligated, appropriated, or otherwise
1 29 encumbered, except as provided in this section. Moneys in the
1 30 trust fund may be used for cash flow purposes during a fiscal
1 31 year provided that any moneys so allocated are returned to the
1 32 trust fund by the end of that fiscal year.
1 33 5. The minimum balance of the trust fund required prior to
1 34 expenditure of moneys from the trust fund is fifty million
1 35 dollars. Once the minimum balance is reached, the interest
2 1 and earnings on the fund and any moneys received under
2 2 subsection 3, paragraph "a", are appropriated to the
2 3 commission to be used to achieve the purposes of this section.
2 4 6. Moneys appropriated to the commission under this
2 5 section shall not be used to supplant funding previously
2 6 provided by other sources. The moneys may be expended upon a
2 7 majority vote of the commission membership for the benefit of
2 8 veterans and the spouses and dependents of veterans, for any
2 9 of the following purposes:
2 10 a. College tuition aid.
2 11 b. Job training aid.
2 12 c. Expenses relating to an individual receiving care by a
2 13 nursing facility that are not payable by any other sources.
2 14 d. Benefits provided to children of disabled or deceased
2 15 veterans.
2 16 e. Unemployment aid needed during a veteran's unemployment
2 17 due to prolonged illness or disability resulting from military
2 18 service. A diagnosed case of mental distress due to military
2 19 service-related activities shall be included as a disability
2 20 under this paragraph.
2 21 f. Other purposes identified by the commission.
2 22
2 23
2 24
2 25 CHRISTOPHER C. RANTS
2 26 Speaker of the House
2 27
2 28
2 29
2 30 MARY E. KRAMER
2 31 President of the Senate
2 32
2 33 I hereby certify that this bill originated in the House and
2 34 is known as House File 676, Eightieth General Assembly.
2 35
3 1
3 2
3 3 MARGARET THOMSON
3 4 Chief Clerk of the House
3 5 Approved , 2003
3 6
3 7
3 8
3 9 THOMAS J. VILSACK
3 10 Governor
Text: HF00675 Text: HF00677 Text: HF00600 - HF00699 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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