Senate Amendment 5412
PAG LIN
1 1 Amend Senate File 2312 as follows:
1 2 #1. Page 14, by inserting after line 6 the
1 3 following:
1 4 <DIVISION ___
1 5 MILITARY FAMILY RELIEF ENDOWMENT FUND
1 6 APPROPRIATION
1 7 Sec. . NEW SECTION. 29.4 MILITARY FAMILY
1 8 RELIEF ENDOWMENT FUND.
1 9 1. A military family relief endowment fund is
1 10 created as a separate and distinct fund in the state
1 11 treasury under the control of the department of public
1 12 defense.
1 13 2. Revenue for the military family relief
1 14 endowment fund shall include, but is not limited to,
1 15 the following:
1 16 a. Moneys credited to the fund pursuant to an
1 17 appropriation by the general assembly.
1 18 b. Moneys in the form of a devise, gift, bequest,
1 19 donation, or federal or other grant intended to be
1 20 used for the purposes of the fund.
1 21 3. Moneys in the military family relief endowment
1 22 fund are not subject to section 8.33. Notwithstanding
1 23 section 12C.7, subsection 2, interest or earnings on
1 24 moneys in the fund shall be credited to the fund.
1 25 Interest earned and credited to the fund may be used
1 26 for the purposes specified in subsection 4. Any
1 27 nondistributed interest in a fiscal year shall first
1 28 be applied to the Iowa veterans surplus fund.
1 29 4. Moneys in the military family relief endowment
1 30 fund are appropriated to the department of public
1 31 defense to be used to make grants to families of
1 32 persons who are members of the Iowa national guard or
1 33 Iowa residents who are members of the reserve forces
1 34 of the armed forces of the United States and who have
1 35 been called to active duty since September 11, 2001.
1 36 Grants shall be provided on the basis of need. The
1 37 family shall document to the extent required by the
1 38 department a need for financial assistance for
1 39 clothing, food, housing, utilities, medical services
1 40 or prescriptions, insurance payments, vehicle
1 41 payments, or other related necessities of daily living
1 42 while the qualified individual is on active duty or
1 43 has a service=related injury or illness.
1 44 5. The department of public defense shall
1 45 establish eligibility criteria for the grants by rule.
1 46 Sec. . APPROPRIATION. There is appropriated
1 47 from the general fund of the state to the military
1 48 family relief endowment fund for the fiscal year
1 49 beginning July 1, 2004, and ending June 30, 2005, the
1 50 sum of $15,000,000 for purposes of the fund.
2 1 Sec. . EFFECTIVE DATE. This division of this
2 2 Act, being deemed of immediate importance, takes
2 3 effect upon enactment.>
2 4 #2. Page 15, line 6, by inserting after the word
2 5 <purposes,> the following: <but only>.
2 6 #3. Page 15, line 7, by striking the word and
2 7 figure <May 5> and inserting the following: <October
2 8 1>.
2 9 #4. Page 15, by inserting after line 7, the
2 10 following: <For property acquired after May 5, 2003,
2 11 and on or before October 1, 2003, if the taxpayer has
2 12 taken the deduction allowed in section 168(k)(4), as
2 13 enacted by Pub. L. No. 108=27, in computing federal
2 14 adjusted gross income, the adjustments in paragraph
2 15 "a" shall be made.>
2 16 #5. Page 16, line 4, by inserting after the word
2 17 <purposes,> the following: <but only>.
2 18 #6. Page 16, line 5, by striking the word and
2 19 figure <May 5> and inserting the following: <October
2 20 1>.
2 21 #7. Page 16, by inserting after line 5, the
2 22 following: <For property acquired after May 5, 2003,
2 23 and on or before October 1, 2003, if the taxpayer has
2 24 taken the deduction allowed in section 168(k)(4), as
2 25 enacted by Pub. L. No. 108=27, in computing federal
2 26 adjusted gross income, the adjustments in paragraph
2 27 "a" shall be made.>
2 28 #8. Title page, line 4, by inserting after the
2 29 word <surcharges,> the following: <military family
2 30 relief,>.
2 31
2 32
2 33
2 34 KEITH A. KREIMAN
2 35 DARYL BEALL
2 36 SF 2312.703 80
2 37 mg/gg
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