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

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