House File 2643 H-8274 Amend House File 2643 as follows: 1 1. Page 5, after line 13 by inserting: 2 < Sec. ___. Section 261.20, subsection 2, Code 2020, is 3 amended to read as follows: 4 2. The maximum balance of the scholarship and tuition 5 grant reserve fund is an amount equal to one two percent of 6 the funds appropriated to the scholarship and tuition grant 7 programs under section 261.25 during the preceding fiscal year. 8 The moneys in the fund shall be placed in separate accounts 9 within the fund, according to the source and purpose of the 10 original appropriation. Moneys in the various accounts shall 11 only be used to alleviate a current fiscal year shortfall in 12 appropriations for scholarship or tuition grant programs that 13 have the same nature as the programs for which the moneys 14 were originally appropriated. At the conclusion of a fiscal 15 year, any surplus appropriations made to the commission for 16 scholarship or tuition grant programs are appropriated to the 17 scholarship and grant reserve fund in an amount equal to the 18 amount of the surplus or the amount necessary to achieve the 19 maximum balance, whichever amount is less. > 20 2. By renumbering as necessary. 21 ______________________________ WINCKLER of Scott -1- HF2643.4366 (3) 88 kh/ns 1/ 1 #1. #2.