Senate File 188 - Introduced



                                       SENATE FILE       
                                       BY  BOLKCOM


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

                                      A BILL FOR

  1 An Act relating to the use of the moneys in the senior living
  2    trust fund, providing for appropriation of the moneys in the
  3    fund, and providing for a repeal.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 2619SS 81
  6 pf/pj/5

PAG LIN



  1  1    Section 1.  Section 249H.5, subsection 2, paragraph a, Code
  1  2 2005, is amended to read as follows:
  1  3    a.  To the department of human services, a maximum of
  1  4 eighty million dollars for the fiscal period beginning July 1,
  1  5 2000, and ending on or before June 30, 2005, to be used for
  1  6 the conversion of existing nursing facility space and
  1  7 development of long=term care alternatives.
  1  8    Sec. 2.  Section 249H.5, subsection 3, Code 2005, is
  1  9 amended to read as follows:
  1 10    3.  a.  Any funds remaining after disbursement of moneys
  1 11 under subsection 2 shall be invested with the interest earned
  1 12 to be available in subsequent fiscal years for the purposes
  1 13 provided in subsection 2, paragraph "b", and subsection 2,
  1 14 paragraph "c", subparagraphs (1) and (2).
  1 15    b.  Moneys in the fund shall not be appropriated in an
  1 16 amount in excess of the amount appropriated for the purposes
  1 17 specified in subsection 2, or for purposes other than those
  1 18 specified in subsection 2, until such time as the amount
  1 19 deposited in the fund, following disbursement of moneys under
  1 20 subsection 2, exceeds two hundred million dollars.  At such
  1 21 time, moneys in the fund may be appropriated in an amount that
  1 22 does not reduce the fund balance below two hundred million
  1 23 dollars and only for the purpose of providing additional
  1 24 funding for the purposes of subsection 2.
  1 25    Sec. 3.  Section 249H.11, Code 2005, is repealed.
  1 26                           EXPLANATION
  1 27    This bill provides for the use of moneys in the senior
  1 28 living trust fund.  The bill removes the limitation period of
  1 29 July 1, 2000, through June 30, 2005, for use of the moneys for
  1 30 conversion of existing nursing facility space and development
  1 31 of long=term care alternatives.  The bill prohibits
  1 32 appropriation of moneys in the fund in excess of the amounts
  1 33 specified for the purposes specified, or for purposes other
  1 34 than those specified, until such time as the amount deposited
  1 35 in the fund, following disbursements of moneys for the
  2  1 purposes specified, exceeds $200 million.  At such time as the
  2  2 amount exceeds $200 million, moneys in the fund may be
  2  3 appropriated in an amount that does not reduce the fund
  2  4 balance below $200 million and only for the purposes
  2  5 specified.
  2  6    The bill also eliminates the repeal of the section
  2  7 regarding nursing facility conversion and long=term care
  2  8 services development grants.
  2  9 LSB 2619SS 81
  2 10 pf:rj/pj/5