Text: HSB00309 Text: HSB00311 Text: HSB00300 - HSB00399 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 35A.13 VETERANS TRUST FUND.
1 2 1. For the purposes of this section, "veteran" means the
1 3 same as defined in section 35.1 or a resident of this state
1 4 who served in the armed forces of the United States, completed
1 5 a minimum aggregate of ninety days of active federal service,
1 6 and was discharged under honorable conditions.
1 7 2. A veterans trust fund is created in the state treasury
1 8 under the control of the commission.
1 9 3. The trust fund shall consist of all of the following:
1 10 a. Moneys in the form of a devise, gift, bequest,
1 11 donation, federal or other grant, reimbursement, repayment,
1 12 judgment, transfer, payment, or appropriation from any source
1 13 intended to be used for the purposes of the trust fund.
1 14 b. Interest attributable to investment of moneys in the
1 15 fund or an account of the trust fund. Notwithstanding section
1 16 12C.7, subsection 2, interest or earnings on moneys in the
1 17 trust fund shall be credited to the trust fund.
1 18 4. Moneys credited to the trust fund shall not be
1 19 transferred, used, obligated, appropriated, or otherwise
1 20 encumbered, except as provided in this section. Moneys in the
1 21 trust fund may be used for cash flow purposes during a fiscal
1 22 year provided that any moneys so allocated are returned to the
1 23 trust fund by the end of that fiscal year.
1 24 5. The minimum balance of the trust fund required prior to
1 25 expenditure of moneys from the trust fund is fifty million
1 26 dollars. Once the minimum balance is reached, the interest
1 27 and earnings on the fund and any moneys received under
1 28 subsection 3, paragraph "a", are appropriated to the
1 29 commission to be used to achieve the purposes of this section.
1 30 6. Moneys appropriated to the commission under this
1 31 section may be expended upon a majority vote of the commission
1 32 membership for the benefit of veterans and the spouses and
1 33 dependents of veterans, for any of the following purposes:
1 34 a. College tuition aid.
1 35 b. Job training aid.
2 1 c. Veterans nursing facilities.
2 2 d. Benefits provided to children of disabled or deceased
2 3 veterans.
2 4 e. Unemployment aid needed during a veteran's unemployment
2 5 due to prolonged illness or disability resulting from military
2 6 service. A diagnosed case of mental distress due to military
2 7 service-related activities shall be included as a disability
2 8 under this paragraph.
2 9 f. Other purposes identified by the commission.
2 10 EXPLANATION
2 11 This bill establishes a veterans trust fund under the
2 12 control of the commission of veterans affairs.
2 13 New Code section 35A.13 establishes the veterans trust
2 14 fund. The fund receives any appropriations and moneys
2 15 provided for purposes of the fund, and interest and earnings
2 16 on the moneys credited to the fund. Moneys in the fund are
2 17 not subject to appropriation or transfer except as provided by
2 18 law. Once the fund reaches a balance of $50 million, the
2 19 interest and earnings and other moneys credited to the fund in
2 20 excess of that amount are appropriated to the commission to be
2 21 used for the purposes of the fund. The bill specifies that
2 22 the fund is to be used for the benefit of veterans and the
2 23 spouses and dependents of veterans for various purposes
2 24 specified in the bill. The term "veteran" is defined for
2 25 purposes of the trust fund as a person listed in the Code
2 26 section 35.1 definition of veteran, which includes a person
2 27 who served in the U.S. armed forces during certain periods of
2 28 armed conflict or war and certain former members of the
2 29 military reserves and the national guard and veterans of other
2 30 types of military-related service or a resident of this state
2 31 who served in the armed forces, completed a minimum aggregate
2 32 of 90 days of active federal service, and was discharged under
2 33 honorable conditions.
2 34 LSB 3420HC 80
2 35 jp/pj/5
Text: HSB00309 Text: HSB00311 Text: HSB00300 - HSB00399 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
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