Text: HF02038 Text: HF02040 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 HOUSE FILE 2039 1 2 1 3 AN ACT 1 4 RELATING TO STATE BUDGET PROVISIONS INVOLVING THE ENDING 1 5 BALANCE IN THE GENERAL FUND OF THE STATE AND THE STATE 1 6 GENERAL FUND EXPENDITURE LIMITATION BY TRANSFERRING FUNDS 1 7 FROM THE CASH RESERVE FUND AND BY REVISING THE PERCENTAGE 1 8 AMOUNT USED FOR THE LIMITATION, PROVIDING FOR A STANDING 1 9 LIMITED APPROPRIATION TO THE SENIOR LIVING TRUST FUND, AND 1 10 INCLUDING EFFECTIVE DATE AND APPLICABILITY PROVISIONS. 1 11 1 12 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 1 13 1 14 Section 1. CASH RESERVE TRANSFER TO GENERAL FUND. 1 15 Notwithstanding any conflicting provisions of section 8.56, 1 16 there is transferred from the cash reserve fund created in 1 17 section 8.56, to the general fund of the state for the fiscal 1 18 year beginning July 1, 2002, and ending June 30, 2003, the 1 19 following amount: 1 20 .................................................. $ 45,828,000 1 21 Sec. 2. Section 8.54, subsections 2 and 3, Code 2003, are 1 22 amended to read as follows: 1 23 2. There is created a state general fund expenditure 1 24 limitation for each fiscal yearbeginning on or after July 1,1 251993, calculated as provided in this section. 1 26 3. Except as otherwise provided in this section, the state 1 27 general fund expenditure limitation for a fiscal year shall be 1 28ninety-nineninety-eight percent of the adjusted revenue 1 29 estimate. 1 30 Sec. 3. Section 8.57, Code Supplement 2003, is amended by 1 31 adding the following new subsection: 1 32 NEW SUBSECTION. 1A. a. There is appropriated from the 1 33 surplus existing in the general fund of the state at the 1 34 conclusion of the fiscal year beginning July 1, 2005, and 1 35 ending June 30, 2006, and at the conclusion of each succeeding 2 1 fiscal year for distribution to the senior living trust fund, 2 2 an amount equal to one percent of the adjusted revenue 2 3 estimate for the current fiscal year. However, if the amount 2 4 of the surplus existing in the general fund of the state at 2 5 the conclusion of a fiscal year is less than two percent of 2 6 the adjusted revenue estimate for that fiscal year, the amount 2 7 of the appropriation made in this paragraph shall be equal to 2 8 fifty percent of the surplus amount. The appropriation made 2 9 in this paragraph shall be distributed to the senior living 2 10 trust fund in the succeeding fiscal year. For the purposes of 2 11 this subsection, "surplus" means the same as defined in 2 12 subsection 1, paragraph "b". 2 13 b. The appropriation made in paragraph "a" shall be made 2 14 before the appropriations are made pursuant to subsections 1, 2 15 2, and 3, of the surplus existing in the general fund of the 2 16 state at the conclusion of the fiscal year beginning July 1, 2 17 2005, and ending June 30, 2006, and each succeeding fiscal 2 18 year. 2 19 c. The appropriation made in paragraph "a" shall continue 2 20 until the aggregate of the appropriations made or transferred 2 21 to the senior living trust fund pursuant to paragraph "a" of 2 22 this subsection and section 8.55, subsection 2, paragraph "c", 2 23 is equal to one hundred eighteen million dollars. 2 24 d. The aggregate amount of the appropriations to be 2 25 transferred from the Iowa economic emergency fund to the 2 26 senior living trust fund pursuant to section 8.55, subsection 2 27 2, paragraph "c", shall be reduced by the appropriations made 2 28 pursuant to paragraph "a" of this subsection. 2 29 e. This subsection is repealed when the aggregate amount 2 30 of appropriations specified in paragraph "c" has been 2 31 distributed or transferred to the senior living trust fund. 2 32 The director of the department of management shall notify the 2 33 Iowa Code editor when the aggregate amount has been 2 34 distributed or transferred. 2 35 Sec. 4. EFFECTIVE DATE – APPLICABILITY. 3 1 1. Section 1 of this Act, providing a cash reserve 3 2 transfer to the general fund of the state, being deemed of 3 3 immediate importance, takes effect upon enactment and is 3 4 retroactively applicable to June 30, 2003. 3 5 2. Section 2 of this Act, amending section 8.54, takes 3 6 effect December 15, 2004, or the date the revenue estimating 3 7 conference agrees to the revenue estimate for the fiscal year 3 8 beginning July 1, 2005, and ending June 30, 2006, that is 3 9 required to be used by the governor and the general assembly 3 10 for preparation and passage of the state budget for that 3 11 fiscal year pursuant to section 8.22A, subsections 3 and 4, 3 12 whichever date is earlier. Section 2 of this Act is first 3 13 applicable to the expenditure limitation calculated in 3 14 accordance with section 8.54 for the fiscal year beginning 3 15 July 1, 2005, and ending June 30, 2006. 3 16 3 17 3 18 3 19 3 20 CHRISTOPHER C. RANTS 3 21 Speaker of the House 3 22 3 23 3 24 3 25 JEFFREY M. LAMBERTI 3 26 President of the Senate 3 27 3 28 I hereby certify that this bill originated in the House and 3 29 is known as House File 2039, Eightieth General Assembly. 3 30 3 31 3 32 3 33 MARGARET THOMSON 3 34 Chief Clerk of the House 3 35 Approved , 2004 4 1 4 2 4 3 4 4 THOMAS J. VILSACK 4 5 Governor
Text: HF02038 Text: HF02040 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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