Text: HF02295 Text: HF02297 Text: HF02200 - HF02299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 249H.5, subsection 2, Code 2003, is 1 2 amended by striking the subsection and inserting in lieu 1 3 thereof the following: 1 4 2. Moneys in the trust fund are allocated, subject to 1 5 their appropriation by the general assembly, to the department 1 6 of elder affairs, in an amount necessary, annually, for 1 7 expenses incurred in implementation and administration of the 1 8 long-term care alternatives programs and for delivery of long- 1 9 term care services to seniors with low or moderate incomes. 1 10 Sec. 2. Section 249H.5, subsection 3, Code 2003, is 1 11 amended to read as follows: 1 12 3. a. Any funds remaining after disbursement of moneys 1 13 under subsection 2 shall be invested with the interest earned 1 14 to be available in subsequent fiscal years for the purposes 1 15 provided in subsection 2, paragraph "b", and subsection 2,1 16paragraph "c", subparagraphs (1) and (2). 1 17 b. Moneys in the fund shall not be appropriated in an 1 18 amount in excess of the amount appropriated for the purposes 1 19 specified in subsection 2, or for purposes other than those 1 20 specified in subsection 2, until such time as the amount 1 21 deposited in the fund, following disbursement of moneys under 1 22 subsection 2, exceeds two hundred million dollars. At such 1 23 time as this amount exceeds two hundred million dollars, 1 24 moneys in the fund may be appropriated in an amount that does 1 25 not reduce the fund balance below two hundred million dollars 1 26 and only for the purpose of providing additional funding for 1 27 the purposes of subsection 2. 1 28 EXPLANATION 1 29 This bill provides for the use of moneys in the senior 1 30 living trust fund. The bill limits the purposes for which the 1 31 moneys in the fund may be appropriated to the implementation 1 32 and administration of the long-term care alternatives programs 1 33 and the delivery of long-term care services to seniors with 1 34 low or moderate incomes. 1 35 The bill also provides that moneys in the fund are not to 2 1 be appropriated in an amount in excess of the amounts 2 2 specified for the purpose specified, or for purposes other 2 3 than those specified, until such time as the amount deposited 2 4 in the fund, following disbursement of moneys for the two 2 5 purposes and in the amounts specified, exceeds $200 million. 2 6 At such time as the amount exceeds $200 million, moneys in the 2 7 fund may be appropriated in an amount that does not reduce the 2 8 fund balance below $200 million and only for the purposes of 2 9 providing additional funding for implementation and 2 10 administration of the long-term care alternatives programs and 2 11 for delivery of long-term care services to seniors with low or 2 12 moderate incomes. 2 13 LSB 5593HT 80 2 14 pf/pj/5
Text: HF02295 Text: HF02297 Text: HF02200 - HF02299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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