House
File
2642
H-8300
Amend
the
amendment,
H-8290,
to
House
File
2642
as
follows:
1
1.
Page
1,
after
line
28
by
inserting:
2
<
___.
Page
14,
after
line
27
by
inserting:
3
<
DIVISION
___
4
REBUILD
IOWA
INFRASTRUCTURE
FUND
APPROPRIATION
5
Sec.
___.
IOWA
ECONOMIC
EMERGENCY
FUND
TRANSFERS.
6
Notwithstanding
any
provision
of
section
8.55
to
the
contrary
7
and
for
purposes
of
transfers
from
the
Iowa
economic
emergency
8
fund
created
in
section
8.55
as
provided
in
this
section
during
9
the
fiscal
year
beginning
July
1,
2020,
the
maximum
balance
of
10
the
Iowa
economic
emergency
fund
is
the
amount
equal
to
two
11
and
one-half
percent
of
the
adjusted
revenue
estimate
for
the
12
fiscal
year
beginning
July
1,
2020.
If
the
amount
of
moneys
13
in
the
Iowa
economic
emergency
fund
is
equal
to
the
maximum
14
balance,
moneys
in
excess
of
this
amount
shall
be
distributed
15
as
follows
during
the
fiscal
year
beginning
July
1,
2020:
16
1.
The
first
seventy
million
dollars
shall
be
transferred
to
17
the
general
fund
of
the
state.
18
2.
Of
the
excess
remaining
after
the
transfer
in
subsection
19
1,
the
difference,
reduced
by
the
transfer
made
in
subsection
20
1,
between
the
actual
net
revenue
for
the
general
fund
of
the
21
state
for
the
fiscal
year
beginning
July
1,
2019,
and
ending
22
June
30,
2020,
and
the
adjusted
revenue
estimate
for
the
fiscal
23
year
beginning
July
1,
2019,
and
ending
June
30,
2020,
shall
24
be
transferred
to
the
taxpayer
relief
fund
created
in
section
25
8.57E.
26
3.
The
remainder
of
the
excess,
if
any,
shall
be
transferred
27
to
the
general
fund
of
the
state.
28
Sec.
___.
REBUILD
IOWA
INFRASTRUCTURE
FUND
——
GENERAL
FUND
29
APPROPRIATION.
There
is
appropriated
from
the
general
fund
30
of
the
state
for
the
fiscal
year
beginning
July
1,
2019,
and
31
ending
June
30,
2020,
to
the
rebuild
Iowa
infrastructure
fund
32
created
in
section
8.57,
the
sum
of
seventy
million
dollars.
33
Sec.
___.
EFFECTIVE
DATE.
This
division
of
this
Act,
being
34
deemed
of
immediate
importance,
takes
effect
upon
enactment.
35
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H8290.4433
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ec/tm
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#1.
Sec.
___.
RETROACTIVE
APPLICABILITY.
This
division
of
this
1
Act
applies
retroactively
to
June
1,
2020.
>>
2
2.
By
renumbering,
redesignating,
and
correcting
internal
3
references
as
necessary.
4
______________________________
BOSSMAN
of
Woodbury
-2-
H8290.4433
(1)
88
ec/tm
2/
2
#2.