House Journal: Page 1450: Friday, April 25, 2003
Page 67
1 agreements, covenants, and obligations of the lottery
2 division entered into and constituting part of the
3 operation and management of the lottery. In
4 consideration for such transfer and assumption, the
5 Iowa lottery authority shall transfer to the state all
6 net profits of the authority, at such times and
7 subject to such financial transfer requirements as are
8 provided in this Act.
9 c. Have perpetual succession as an instrumentality
10 of the state and a public authority.
11 9. Notwithstanding any provision of chapter 99G,
12 as created by this Act, to the contrary, the following
13 provisions shall apply to the Iowa lottery authority:
14 a. Moneys appropriated from the lottery fund to
15 the department of revenue and finance, for
16 administration of the lottery for the fiscal year
17 beginning July 1, 2003, and unexpended prior to
18 September 1, 2003, shall be appropriated to the Iowa
19 lottery authority for operation of the lottery.
20 b. Of the moneys collected by the lottery division
21 and Iowa lottery authority for the fiscal year
22 beginning July 1, 2003, fifty-four million eight
23 hundred thousand dollars shall be transferred to the
24 general fund of the state.
25 c. Any authority for establishing the budget of
26 the Iowa lottery authority pursuant to chapter 99G, as
27 created by this Act, shall only apply for the fiscal
28 year beginning July 1, 2004, and each succeeding
29 fiscal year.
30 Sec. 121. EFFECTIVE DATE. This division of this
31 Act, creating the Iowa lottery authority, takes effect
32 September 1, 2003."
33 2. Title page, by striking lines 1 through 4 and
34 inserting the following: "An Act relating to state
35 and local government financial and regulatory matters,
36 making and reducing appropriations, providing a fee,
37 increasing civil penalties, and providing
38 applicability and effective dates."
Amendment H-1472 was adopted, placing the following
amendments out of order:
Amendments H-1399 and H-1401 filed by Horbach of Tama on
April 22, 2003.
Amendment H-1402 filed by Baudler of Adair, et al., on April 22,
2003.
© 2003 Cornell College and
League of Women Voters of Iowa
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