Senate Study Bill 1088

                                       SENATE/HOUSE FILE       
                                       BY  (PROPOSED DEPARTMENT OF NATURAL
                                            RESOURCES BILL)


    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act providing that revenues deposited in the state
  2    conservation fund are temporarily exempt from reversion and
  3    providing an effective date.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 1354DP 80
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PAG LIN

  1  1    Section 1.  Section 456A.17, Code 2003, is amended by
  1  2 adding the following new unnumbered paragraph after unnumbered
  1  3 paragraph 6:
  1  4    NEW UNNUMBERED PARAGRAPH.  Notwithstanding section 8.33,
  1  5 revenues deposited in the state conservation fund, and
  1  6 remaining in the state conservation fund on June 30 of any
  1  7 fiscal year shall not revert to the general fund of the state
  1  8 but shall remain available for expenditure for one year after
  1  9 the close of the fiscal year during which such revenues were
  1 10 deposited.  Any such revenues remaining unexpended at the end
  1 11 of the one=year period during which the revenues are available
  1 12 for expenditure shall revert to the general fund of the state.
  1 13    Sec. 2.  EFFECTIVE DATE.  This Act, being deemed of
  1 14 immediate importance, takes effect upon enactment.
  1 15                           EXPLANATION
  1 16    This bill provides that unspent revenues that are deposited
  1 17 in the state conservation fund of the department of natural
  1 18 resources are exempt from reversion to the general fund of the
  1 19 state and remain available for expenditure for one year after
  1 20 the close of the fiscal year during which the revenues were
  1 21 deposited.
  1 22    The bill is effective upon enactment.
  1 23 LSB 1354DP 80
  1 24 av/pj/5.1
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