House Amendment 8003


PAG LIN




     1  1    Amend House File 2039 as follows:
     1  2 #1.  Page 1, by inserting after line 9 the
     1  3 following:
     1  4    <Sec. ___.  Section 8.57, Code Supplement 2003, is
     1  5 amended by adding the following new subsection:
     1  6    NEW SUBSECTION.  1A.  a.  There is appropriated
     1  7 from the surplus existing in the general fund of the
     1  8 state at the conclusion of the fiscal year beginning
     1  9 July 1, 2005, and ending June 30, 2006, and at the
     1 10 conclusion of each succeeding fiscal year for
     1 11 distribution to the senior living trust fund, an
     1 12 amount equal to one percent of the adjusted revenue
     1 13 estimate for the current fiscal year.  The
     1 14 appropriation made in this paragraph shall be
     1 15 distributed to the senior living trust fund in the
     1 16 succeeding fiscal year.  For the purposes of this
     1 17 subsection, "surplus" means the same as defined in
     1 18 subsection 1, paragraph "b".
     1 19    b.  The appropriation made in paragraph "a" shall
     1 20 be made before the appropriations are made pursuant to
     1 21 subsections 1, 2, and 3, of the surplus existing in
     1 22 the general fund of the state at the conclusion of the
     1 23 fiscal year beginning July 1, 2005, and ending June
     1 24 30, 2006, and each succeeding fiscal year.
     1 25    c.  The appropriation made in paragraph "a" shall
     1 26 continue until the aggregate of the appropriations
     1 27 made or transferred to the senior living trust fund
     1 28 pursuant to paragraph "a" of this subsection and
     1 29 section 8.55, subsection 2, paragraph "c", is equal to
     1 30 one hundred eighteen million dollars.
     1 31    d.  The aggregate amount of the appropriations to
     1 32 be transferred from the Iowa economic emergency fund
     1 33 to the senior living trust fund pursuant to section
     1 34 8.55, subsection 2, paragraph "c", shall be reduced by
     1 35 the appropriations made pursuant to paragraph "a" of
     1 36 this subsection.
     1 37    e.  This subsection is repealed when the aggregate
     1 38 amount of appropriations specified in paragraph "c"
     1 39 has been distributed or transferred to the senior
     1 40 living trust fund.  The director of the department of
     1 41 management shall notify the Iowa Code editor when the
     1 42 aggregate amount has been distributed or transferred.>
     1 43 #2.  Title page, line 2, by inserting after the
     1 44 word <limitation> the following:  <, providing for a
     1 45 standing limited appropriation to the senior living
     1 46 trust fund,>.
     1 47 #3.  By renumbering as necessary.
     1 48
     1 49
     1 50 ______________________________
     2  1 DIX of Butler
     2  2
     2  3 ______________________________
     2  4 HEATON of Henry
     2  5 HF 2039.701 80
     2  6 jp/gg

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