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 is fifty ten 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