House Amendment 8236


PAG LIN




     1  1    Amend Senate File 2330, as amended, passed, and
     1  2 reprinted by the Senate, as follows:
     1  3 #1.  Page 2, by inserting after line 26 the
     1  4 following:
     1  5    <Sec.    .  MONITOR VENDING MACHINES ==
     1  6 REIMBURSEMENT FUND.
     1  7    1.  Notwithstanding any provision of section
     1  8 99G.39, subsection 3, to the contrary, the lottery
     1  9 revenues derived from monitor vending machines and
     1 10 otherwise required by law to be deposited in the
     1 11 general fund of the state for the fiscal year
     1 12 commencing July 1, 2005, and ending June 30, 2006,
     1 13 shall not be deposited in the general fund of the
     1 14 state but shall be deposited in a monitor vending
     1 15 machine reimbursement fund which is created in the
     1 16 state treasury under the control of the Iowa lottery
     1 17 authority.  In addition, if such revenues have been
     1 18 deposited in the general fund of the state, there is
     1 19 appropriated from the general fund of the state to the
     1 20 monitor vending machine reimbursement fund an amount
     1 21 equal to the revenues derived from monitor vending
     1 22 machines for the fiscal period commencing July 1,
     1 23 2005, and ending forty=five days following the
     1 24 effective date of this Act.  Notwithstanding section
     1 25 12C.7, subsection 2, interest or earnings on moneys
     1 26 deposited in the monitor vending machine reimbursement
     1 27 fund shall be credited to the monitor vending machine
     1 28 reimbursement fund.  Notwithstanding section 8.33,
     1 29 moneys credited to the monitor vending machine
     1 30 reimbursement fund for the fiscal period commencing
     1 31 July 1, 2005, and ending forty=five days following the
     1 32 effective date of this Act shall not revert to the
     1 33 general fund of the state.
     1 34    2.  Moneys in the reimbursement fund shall be
     1 35 disbursed to participating aggrieved retailers
     1 36 pursuant to the requirements of this section.  For
     1 37 purposes of this section, a participating aggrieved
     1 38 retailer is a retailer who owns no more than three
     1 39 businesses and who had purchased or leased a monitor
     1 40 vending machine prior to the effective date of this
     1 41 Act but is no longer eligible to offer a monitor
     1 42 vending machine to the public after forty=five days
     1 43 following the effective date of this Act and who has
     1 44 made an application to the authority by July 1, 2007.
     1 45    3.  The Iowa lottery shall establish an application
     1 46 process for retailers that have acquired or leased a
     1 47 monitor vending machine prior to the effective date of
     1 48 this Act, as well as manufacturers and distributors of
     1 49 machines offered to the public prior to the effective
     1 50 date of this Act, to obtain a monitor vending machine
     2  1 reimbursement grant from the monitor vending machine
     2  2 reimbursement fund.  As a condition of a retailer,
     2  3 manufacturer, or distributor receiving a grant
     2  4 pursuant to this section, the applicable retailer,
     2  5 manufacturer, or distributor shall waive any and all
     2  6 claims any party may have against the Iowa lottery and
     2  7 the state arising out of the operation of this Act.>
     2  8 #2.  Title page, line 2, by inserting after the
     2  9 word <tax> the following:  <, an appropriation,>.
     2 10 #3.  By renumbering as necessary.
     2 11
     2 12
     2 13                               
     2 14 FALLON of Polk
     2 15 SF 2330.208 81
     2 16 ec/sh/4151

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