1. For the purposes of this section, "veteran" means the same as defined in section 35.1 or a resident of this state who served in the armed forces of the United States, completed a minimum aggregate of ninety days of active federal service, and was discharged under honorable conditions.
2. A veterans trust fund is created in the state treasury under the control of the commission.
3. The trust fund shall consist of all of the following:
a. Moneys in the form of a devise, gift, bequest, donation, federal or other grant, reimbursement, repayment, judgment, transfer, payment, or appropriation from any source intended to be used for the purposes of the trust fund.
b. Interest attributable to investment of moneys in the fund or an account of the trust fund. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys in the trust fund shall be credited to the trust fund.
4. Moneys credited to the trust fund shall not be transferred, used, obligated, appropriated, or otherwise encumbered, except as provided in this section. Moneys in the trust fund may be used for cash flow purposes during a fiscal year provided that any moneys so allocated are returned to the trust fund by the end of that fiscal year.
5. The minimum balance of the trust fund required prior to expenditure of moneys from the trust fund is fifty million dollars. Once the minimum balance is reached, the interest and earnings on the fund and any moneys received under subsection 3, paragraph "a", are appropriated to the commission to be used to achieve the purposes of this section.
6. Moneys appropriated to the commission under this section shall not be used to supplant funding previously provided by other sources. The moneys may be expended upon a majority vote of the commission membership for the benefit of veterans and the spouses and dependents of veterans, for any of the following purposes:
a. College tuition aid.
b. Job training aid.
c. Expenses relating to an individual receiving care by a nursing facility that are not payable by any other sources.
d. Benefits provided to children of disabled or deceased veterans.
e. Unemployment aid needed during a veteran's unemployment due to prolonged illness or disability resulting from military service. A diagnosed case of mental distress due to military service-related activities shall be included as a disability under this paragraph.
f. Other purposes identified by the commission.
2003 Acts, ch 131, §1
Previous Section 35A.12
Next Section 35B.1
© 2004 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Jan 15 10:49:41 CST 2004
URL: /DOCS/IACODE/2003SUPPLEMENT/35A/13.html
jhf