Amend House File 2465 as follows:
   1.  Page 2, by striking lines 23 through 31 and inserting: 
   <Sec. ___.  Section 8.55, subsection 2, paragraph a, subparagraph (2), Code Supplement 2011, is amended to read as follows:
   (2)  The remainder of the excess, if any, shall be transferred to the general
 
invest in education trust fund of the state.
   Sec. ___.  NEW SECTION.  8.57F  Invest in education trust fund.
   1.  An invest in education trust fund is created. The fund shall be separate from the general fund of the state and the balance in the fund shall not be considered part of the balance of the general fund of the state. The moneys credited to the fund are not subject to section 8.33 and shall not be transferred, used, obligated, appropriated, or otherwise encumbered except as provided in this section.
   2.  Moneys in the invest in education trust fund shall only be used pursuant to appropriations made by the general assembly to support the education of Iowans from early childhood through postsecondary education levels. Moneys appropriated from the fund for a purpose that receives an existing state appropriation shall only be used to supplement and not to supplant the existing state appropriation.
   3.
  a.  Moneys in the invest in education trust fund may be used for cash flow purposes during a fiscal year provided that any moneys so allocated are returned to the fund by the end of that fiscal year.
   b.  Except as provided in section 8.58, the invest in education Iowa trust fund shall be considered a special account for the purposes of section 8.53 in determining the cash position of the general fund of the state for the payment of state obligations.
   4.  Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys deposited in the invest in education trust fund shall be credited to the fund.>
   2.  Page 5, by striking lines 11 and 12 and inserting:
   <1.  The section of this Act amending section 8.55.
   2.  The section of this Act enacting section 8.57F.>
   3.  By renumbering as necessary.

______________________________
WINCKLER of Scott

______________________________
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

______________________________
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

 ______________________________ 
 WENTHE of Fayette

 ______________________________ 
 WESSEL-KROESCHELL of Story

 ______________________________ 
 WILLEMS of Linn

 ______________________________ 
 WITTNEBEN of Emmet