House Amendment 8005


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. 200.  Section 8.55, subsection 2, paragraph
     1  5 a, as enacted by 2002 Iowa Acts, Second Extraordinary
     1  6 Session, chapter 1001, section 25, and as made
     1  7 effective by 2003 Iowa Acts, chapter 179, section 40,
     1  8 is amended to read as follows:
     1  9    a.  The maximum balance of the fund is the amount
     1 10 equal to two and one=half five percent of the adjusted
     1 11 revenue estimate for the fiscal year.  If the amount
     1 12 of moneys in the Iowa economic emergency fund is equal
     1 13 to the maximum balance, moneys in excess of this
     1 14 amount shall be transferred to the general fund.>
     1 15 #2.  Page 1, by inserting after line 20 the
     1 16 following:
     1 17    <Sec.    .  CONTINGENT EFFECTIVE DATE.  Section 200
     1 18 of this Act, amending Code section 8.55, takes effect
     1 19 on July 1 of the fiscal year immediately following the
     1 20 fiscal year in which all transfers have been made from
     1 21 the Iowa economic emergency fund, as required by
     1 22 section 8.55, subsection 2, paragraphs "b", "c", and
     1 23 "d".  The director of the department of management
     1 24 shall notify the Iowa Code editor when the transfers
     1 25 have been made.>
     1 26 #3.  By renumbering as necessary.
     1 27
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     1 29                               
     1 30 WISE of Lee
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     1 33                               
     1 34 HOGG of Linn
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     1 37                               
     1 38 STRUYK of Pottawattamie
     1 39 HF 2039.203 80
     1 40 jp/sh
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