House File 2092 - Introduced HOUSE FILE BY THOMAS Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act concerning the veterans trust fund. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 5013HH 81 4 ec/cf/24 PAG LIN 1 1 Section 1. Section 35A.13, subsection 3, Code 2005, is 1 2 amended by adding the following new paragraph: 1 3 NEW PARAGRAPH. c. For each fiscal year, the department of 1 4 management shall annually identify an amount of state savings 1 5 in human services programs achieved during that fiscal year 1 6 due to efforts funded under this section that assisted 1 7 veterans in obtaining federal veterans benefits. An amount 1 8 equal to twenty percent of the identified amount shall be 1 9 transferred to the trust fund from the appropriations to which 1 10 the state savings are attributed. However, if the balance of 1 11 the trust fund reaches fifteen million dollars or more, the 1 12 transfers otherwise required by this paragraph are suspended. 1 13 Sec. 2. Section 35A.13, subsection 5, Code 2005, is 1 14 amended to read as follows: 1 15 5. The minimum balance of the trust fund required prior to 1 16 expenditure of moneys from the trust fund isfiftyten million 1 17 dollars. Once the minimum balance is reached, the interest 1 18 and earnings on the fund and any moneys received under 1 19 subsection 3, paragraph "a", are appropriated to the 1 20 commission to be used to achieve the purposes of this section. 1 21 EXPLANATION 1 22 This bill concerns the veterans trust fund established in 1 23 Code section 35A.13. 1 24 The bill reduces the minimum balance required in the trust 1 25 fund prior to allowing expenditures from the fund for veterans 1 26 from $50 million to $10 million. 1 27 The bill also provides that 20 percent of the savings in 1 28 human services programs achieved each fiscal year due to 1 29 efforts funded by the veterans trust fund shall be identified 1 30 and deposited in the fund from appropriations to which the 1 31 savings are attributed. The bill provides that the transfer 1 32 of savings shall continue until the balance of the trust fund 1 33 reaches $15 million or more. 1 34 LSB 5013HH 81 1 35 ec:nh/cf/24