House Amendment 8257 PAG LIN 1 1 Amend the amendment, H=8228, to Senate File 2330, 1 2 as amended, passed, and reprinted by the Senate, as 1 3 follows: 1 4 #1. Page 2, by striking lines 4 through 15 and 1 5 inserting the following: 1 6 <Sec. . MONITOR VENDING MACHINES == 1 7 REIMBURSEMENT FUND. 1 8 1. Notwithstanding any provision of section 1 9 99G.39, subsection 3, to the contrary, the lottery 1 10 revenues derived from monitor vending machines and 1 11 otherwise required by law to be deposited in the 1 12 general fund of the state for the fiscal period 1 13 beginning with the effective date of this Act and 1 14 ending September 15, 2006, shall not be deposited in 1 15 the general fund of the state but shall be deposited 1 16 in a monitor vending machine reimbursement fund which 1 17 is created in the state treasury under the control of 1 18 the Iowa lottery authority. Notwithstanding section 1 19 12C.7, subsection 2, interest or earnings on moneys 1 20 deposited in the monitor vending machine reimbursement 1 21 fund shall be credited to the monitor vending machine 1 22 reimbursement fund. Notwithstanding section 8.33, 1 23 moneys credited to the monitor vending machine 1 24 reimbursement fund pursuant to this subsection shall 1 25 not revert to the general fund of the state until all 1 26 claims against the reimbursement fund are paid. 1 27 2. Moneys in the reimbursement fund shall be 1 28 disbursed to participating aggrieved retailers 1 29 pursuant to the requirements of this section. For 1 30 purposes of this section, a participating aggrieved 1 31 retailer is a retailer or Iowa=based distributor who 1 32 owns no more than three businesses and who had 1 33 purchased or leased a monitor vending machine prior to 1 34 the effective date of this Act but is no longer 1 35 eligible to offer a monitor vending machine to the 1 36 public after September 15, 2006, and who has made an 1 37 application to the authority by December 31, 2006. 1 38 3. The Iowa lottery authority shall establish an 1 39 application process for aggrieved retailers and Iowa= 1 40 based distributors that have acquired or leased a 1 41 monitor vending machine prior to the effective date of 1 42 this Act to obtain a monitor vending machine 1 43 reimbursement grant from the monitor vending machine 1 44 reimbursement fund for losses suffered by the 1 45 retailer. In determining losses, the application 1 46 shall include information on the cost of the lease or 1 47 purchase, the cost to dispose of the machine, and 1 48 other costs associated with the machine.> 1 49 #2. By renumbering as necessary. 1 50 2 1 2 2 2 3 FALLON of Polk 2 4 SF 2330.511 81 2 5 ec/je/4162 -1-