Text: SF00323 Text: SF00325 Text: SF00300 - SF00399 Text: SF 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 a 1 3 resident of this state who served in the armed forces of the 1 4 United States, completed a minimum aggregate of ninety days of 1 5 active federal service, and was discharged under honorable 1 6 conditions, or a person listed in section 35.1, subsection 2, 1 7 paragraph "b". 1 8 2. A veterans trust fund is created in the state treasury 1 9 under the control of the commission. 1 10 3. The trust fund shall consist of all of the following: 1 11 a. Admission fees credited to the trust fund pursuant to 1 12 sections 99D.14, 99F.4A, and 99F.10. 1 13 b. Moneys in the form of a devise, gift, bequest, 1 14 donation, federal or other grant, reimbursement, repayment, 1 15 judgment, transfer, payment, or appropriation from any source 1 16 intended to be used for the purposes of the trust fund. 1 17 c. Interest attributable to investment of moneys in the 1 18 fund or an account of the trust fund. Notwithstanding section 1 19 12C.7, subsection 2, interest or earnings on moneys in the 1 20 trust fund shall be credited to the trust fund. 1 21 4. Moneys credited to the trust fund are not subject to 1 22 section 8.33 and shall not be transferred, used, obligated, 1 23 appropriated, or otherwise encumbered, except as provided in 1 24 this section. Moneys in the trust fund may be used for cash 1 25 flow purposes during a fiscal year provided that any moneys so 1 26 allocated are returned to the trust fund by the end of that 1 27 fiscal year. 1 28 5. The minimum balance of the trust fund required prior to 1 29 expenditure of moneys from the trust fund is fifty million 1 30 dollars. Once the minimum balance is reached, the interest 1 31 and earnings on the fund and any moneys received under 1 32 subsection 3, paragraph "b", are appropriated to the 1 33 commission to be used to achieve the purposes of this section. 1 34 6. Moneys appropriated to the commission under this 1 35 section may be expended upon a majority vote of the commission 2 1 membership for the benefit of veterans and the spouses and 2 2 dependents of veterans, for any of the following purposes: 2 3 a. College tuition aid. 2 4 b. Job training aid. 2 5 c. Veterans nursing facilities. 2 6 d. Benefits provided to children of disabled or deceased 2 7 veterans. 2 8 e. Unemployment aid needed during a veteran's unemployment 2 9 due to prolonged illness or disability resulting from military 2 10 service. A diagnosed case of mental distress due to military 2 11 service-related activities shall be included as a disability 2 12 under this paragraph. 2 13 f. Other purposes identified by the commission. 2 14 Sec. 2. Section 99D.14, Code 2003, is amended by adding 2 15 the following new subsection: 2 16 NEW SUBSECTION. 2A. In addition to the admission fee 2 17 charged under subsection 2, a licensee shall pay to the 2 18 commission an admission fee of fifty cents for each person 2 19 subject to the admission fee charged under subsection 2. The 2 20 admission revenue received by the commission pursuant to this 2 21 subsection shall be credited to the veterans trust fund 2 22 created in section 35A.13. The admission fee established 2 23 under this subsection shall continue to be paid until a total 2 24 of fifty million dollars has been credited to the veterans 2 25 trust fund under this subsection, section 99F.4A, subsection 2 26 4, and section 99F.10, subsection 3A. 2 27 Sec. 3. Section 99F.4A, subsection 4, Code 2003, is 2 28 amended to read as follows: 2 29 4. Thefeeadmission fees imposed in section 99D.14, 2 30subsectionsubsections 2 and 2A, shall be collected for 2 31 admission to a racetrack enclosure where gambling games are 2 32 licensed to operate in lieu of the admissionfeefees imposed 2 33 in section 99F.10. 2 34 Sec. 4. Section 99F.10, Code 2003, is amended by adding 2 35 the following new subsection: 3 1 NEW SUBSECTION. 3A. In addition to the admission fees 3 2 charged under subsections 2 and 3, an excursion boat licensee 3 3 shall pay to the commission an admission fee of fifty cents 3 4 for each person subject to the admission fee charged under 3 5 subsection 2. The admission revenue received by the 3 6 commission pursuant to this subsection shall be credited to 3 7 the veterans trust fund created in section 35A.13. The 3 8 admission fee established under this subsection shall continue 3 9 to be paid until a total of fifty million dollars has been 3 10 credited to the veterans trust fund under this subsection, 3 11 section 99D.14, subsection 2A, and section 99F.4A, subsection 3 12 4. 3 13 EXPLANATION 3 14 This bill establishes a veterans trust fund under the 3 15 control of the commission of veterans affairs and increases 3 16 the admission fee for racing and gaming establishments. 3 17 New Code section 35A.13 establishes the veterans trust 3 18 fund. The fund receives the admission fees created in the 3 19 bill, any other appropriations and moneys provided for 3 20 purposes of the fund, and interest and earnings on the moneys 3 21 credited to the fund. Moneys in the fund are not subject to 3 22 appropriation or transfer except as provided by law. Once the 3 23 fund reaches a balance of $50 million, the interest and 3 24 earnings and other moneys credited to the fund in excess of 3 25 that amount are appropriated to the commission to be used for 3 26 the purposes of the fund. The bill specifies that the fund is 3 27 to be used for the benefit of veterans and the spouses and 3 28 dependents of veterans for various purposes specified in the 3 29 bill. The term "veteran" is defined for purposes of the trust 3 30 fund as a resident of this state who served in the armed 3 31 forces of the United States, completed a minimum aggregate of 3 32 90 days of active federal service, and was discharged under 3 33 honorable conditions, or a person listed in a portion of the 3 34 Code section 35.1 definition of veteran, which includes former 3 35 members of the military reserves and the national guard and 4 1 veterans of certain other types of military-related service. 4 2 The bill establishes an additional admission fee of $.50 4 3 for those persons already subject to an admission fee at 4 4 racetracks and excursion boat gambling establishments. The 4 5 additional admission fee continues until a total of $50 4 6 million is collected. 4 7 LSB 2675SS 80 4 8 jp/pj/5.1
Text: SF00323 Text: SF00325 Text: SF00300 - SF00399 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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