House
File
2465
H-8439
Amend
House
File
2465
as
follows:
1
1.
Page
2,
by
striking
lines
23
through
31
and
2
inserting:
3
<
Sec.
___.
Section
8.55,
subsection
2,
paragraph
4
a,
subparagraph
(2),
Code
Supplement
2011,
is
amended
5
to
read
as
follows:
6
(2)
The
remainder
of
the
excess,
if
any,
shall
be
7
transferred
to
the
general
invest
in
education
trust
8
fund
of
the
state
.
9
Sec.
___.
NEW
SECTION
.
8.57F
Invest
in
education
10
trust
fund.
11
1.
An
invest
in
education
trust
fund
is
created.
12
The
fund
shall
be
separate
from
the
general
fund
of
13
the
state
and
the
balance
in
the
fund
shall
not
be
14
considered
part
of
the
balance
of
the
general
fund
of
15
the
state.
The
moneys
credited
to
the
fund
are
not
16
subject
to
section
8.33
and
shall
not
be
transferred,
17
used,
obligated,
appropriated,
or
otherwise
encumbered
18
except
as
provided
in
this
section.
19
2.
Moneys
in
the
invest
in
education
trust
fund
20
shall
only
be
used
pursuant
to
appropriations
made
by
21
the
general
assembly
to
support
the
education
of
Iowans
22
from
early
childhood
through
postsecondary
education
23
levels.
Moneys
appropriated
from
the
fund
for
a
24
purpose
that
receives
an
existing
state
appropriation
25
shall
only
be
used
to
supplement
and
not
to
supplant
26
the
existing
state
appropriation.
27
3.
a.
Moneys
in
the
invest
in
education
trust
fund
28
may
be
used
for
cash
flow
purposes
during
a
fiscal
year
29
provided
that
any
moneys
so
allocated
are
returned
to
30
the
fund
by
the
end
of
that
fiscal
year.
31
b.
Except
as
provided
in
section
8.58,
the
invest
32
in
education
Iowa
trust
fund
shall
be
considered
a
33
special
account
for
the
purposes
of
section
8.53
in
34
determining
the
cash
position
of
the
general
fund
of
35
the
state
for
the
payment
of
state
obligations.
36
4.
Notwithstanding
section
12C.7,
subsection
2,
37
interest
or
earnings
on
moneys
deposited
in
the
invest
38
in
education
trust
fund
shall
be
credited
to
the
fund.
>
39
2.
Page
5,
by
striking
lines
11
and
12
and
40
inserting:
41
<
1.
The
section
of
this
Act
amending
section
8.55.
42
2.
The
section
of
this
Act
enacting
section
8.57F.
>
43
3.
By
renumbering
as
necessary.
44
______________________________
WINCKLER
of
Scott
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#1.
#2.
#3.
______________________________
ABDUL-SAMAD
of
Polk
______________________________
BERRY
of
Black
Hawk
______________________________
COHOON
of
Des
Moines
______________________________
GAINES
of
Polk
______________________________
GASKILL
of
Wapello
______________________________
HANSON
of
Jefferson
______________________________
HEDDENS
of
Story
______________________________
HUNTER
of
Polk
______________________________
ISENHART
of
Dubuque
______________________________
JACOBY
of
Johnson
______________________________
KAJTAZOVIC
of
Black
Hawk
______________________________
KEARNS
of
Lee
______________________________
KELLEY
of
Jasper
-2-
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(2)
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______________________________
KRESSIG
of
Black
Hawk
______________________________
LENSING
of
Johnson
______________________________
LYKAM
of
Scott
______________________________
MASCHER
of
Johnson
______________________________
H.
MILLER
of
Webster
______________________________
MUHLBAUER
of
Crawford
______________________________
OLDSON
of
Polk
______________________________
R.
OLSON
of
Polk
______________________________
T.
OLSON
of
Linn
______________________________
PETERSEN
of
Polk
______________________________
STECKMAN
of
Cerro
Gordo
______________________________
T.
TAYLOR
of
Linn
______________________________
THEDE
of
Scott
-3-
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(2)
84
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4
______________________________
WENTHE
of
Fayette
______________________________
WESSEL-KROESCHELL
of
Story
______________________________
WILLEMS
of
Linn
______________________________
WITTNEBEN
of
Emmet
-4-
HF2465.5757
(2)
84
jp/tm
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4