Text: SF00309                           Text: SF00311
Text: SF00300 - SF00399                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

Senate File 310

Partial Bill History

Bill Introduced: S.J. 418
Complete Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 249H.5, subsection 3, Code 2003, is
  1  2 amended to read as follows:
  1  3    3.  Any Notwithstanding any provision of this chapter to
  1  4 the contrary, for the period beginning January 1, 2003, and
  1  5 ending December 31, 2005, any funds remaining after
  1  6 disbursement of moneys under subsection 2 shall be invested
  1  7 with the interest earned to be available in subsequent fiscal
  1  8 years for the purposes provided in subsection 2, paragraph
  1  9 "b", and subsection 2, paragraph "c", subparagraphs (1) and
  1 10 (2) in the senior living trust fund shall be invested.
  1 11 Thereafter, moneys in the fund shall not be available for
  1 12 appropriation or allocation until such time as the principal
  1 13 amount of the fund totals two hundred million dollars.  Upon
  1 14 reaching a principal amount of two hundred million dollars,
  1 15 only interest and other earnings on moneys in the fund may be
  1 16 appropriated or allocated and any appropriation or allocation
  1 17 shall be only for the purposes of subsection 2, paragraph "a",
  1 18 "b", or "c".
  1 19    Sec. 2.  EFFECTIVE DATE.  This Act, being deemed of
  1 20 immediate importance, takes effect upon enactment and is
  1 21 retroactively applicable to January 1, 2003.  
  1 22                           EXPLANATION
  1 23    This bill provides that for the period beginning January 1,
  1 24 2003, and ending December 31, 2005, moneys remaining in the
  1 25 senior living trust fund are to be invested.  Thereafter,
  1 26 moneys in the fund are not to be available for appropriation
  1 27 or allocation until such time as the principal amount of the
  1 28 fund totals $200 million.  Upon reaching the $200 million
  1 29 mark, only interest and earnings on moneys in the fund may be
  1 30 appropriated or allocated and any appropriation or allocation
  1 31 is limited to the purposes of conversion of nursing facility
  1 32 space and the development of long-term care alternatives,
  1 33 long-term care alternatives programs, and delivery of long-
  1 34 term care services, administrative expenses, and increased
  1 35 delivery of services under the medical assistance home and
  2  1 community-based waivers.  
  2  2 LSB 1556XS 80
  2  3 pf/pj/5.1

Text: SF00309                           Text: SF00311
Text: SF00300 - SF00399                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

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