Senate File 95SENATE FILE BY COMMITTEE ON APPROPRIATIONS (SUCCESSOR TO SF 31) Passed Senate, Date Passed House, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act making supplemental appropriations for the home ownership 2 assistance and injured veterans grant programs for Iowa 3 residents who are eligible members or military veterans of the 4 armed forces of the United States and providing an effective 5 date. 6 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 7 TLSB 1694SV 82 8 jp/gg/14 PAG LIN 1 1 Section 1. 2006 Iowa Acts, chapter 1184, section 5, is 1 2 amended by adding the following new subsections: 1 3 NEW SUBSECTION. 3. HOME OWNERSHIP ASSISTANCE PROGRAM 1 4 For transfer to the Iowa finance authority to be used for 1 5 continuation of the home ownership assistance program for 1 6 persons who are or were eligible members of the armed forces 1 7 of the United States, implemented pursuant to 2003 Iowa Acts, 1 8 chapter 179, section 21, subsection 5, as amended by 2005 Iowa 1 9 Acts, chapter 161, section 1, and chapter 115, section 37, and 1 10 continued in accordance with 2006 Iowa Acts, chapter 1167, 1 11 sections 3 and 4, and this subsection: 1 12 .................................................. $ 1,500,000 1 13 a. The Iowa finance authority shall give priority to 1 14 processing the applications for assistance received after the 1 15 original allotment of funding for the program was exhausted. 1 16 b. The home ownership assistance program shall continue to 1 17 be directed to persons who are eligible members of the armed 1 18 forces of the United States. In the event an eligible member 1 19 is deceased, the surviving spouse of the eligible member shall 1 20 be eligible for a loan under the program, subject to the 1 21 surviving spouse meeting the program's eligibility 1 22 requirements other than the military service requirement. For 1 23 the purposes of this subsection, "eligible member of the armed 1 24 forces of the United States" means a resident of this state 1 25 who is or was a member of the national guard, reserve, or 1 26 regular component of the armed forces of the United States who 1 27 has served at least ninety days of active duty service during 1 28 the period beginning September 11, 2001, and ending June 30, 1 29 2008. 1 30 c. Notwithstanding section 8.33, moneys appropriated in 1 31 this subsection that remain unencumbered or unobligated at the 1 32 close of the fiscal year shall not revert but shall remain 1 33 available for expenditure for the purposes designated until 1 34 the close of the fiscal year beginning July 1, 2008. 1 35 NEW SUBSECTION. 4. INJURED VETERANS GRANT PROGRAM 2 1 For continuation of the injured veterans grant program in 2 2 accordance with section 35A.14, for providing hardship grants 2 3 to military veterans seriously injured in a combat zone since 2 4 September 11, 2001: 2 5 .................................................. $ 2,000,000 2 6 Notwithstanding section 8.33, moneys appropriated in this 2 7 subsection that remain unencumbered or unobligated at the 2 8 close of the fiscal year shall not revert but shall remain 2 9 available for expenditure for the purposes designated until 2 10 the close of the succeeding fiscal year. 2 11 Sec. 2. EFFECTIVE DATE. This Act, being deemed of 2 12 immediate importance, takes effect upon enactment. 2 13 EXPLANATION 2 14 This bill makes two supplemental appropriations to the 2 15 department of veterans affairs for FY 2006=2007. 2 16 The first veterans affairs appropriation is required to be 2 17 transferred to the Iowa finance authority to be used for 2 18 continuation of the home ownership assistance program for Iowa 2 19 residents who are or were active members of the armed forces 2 20 of the United States. Under 2006 Iowa Acts, chapter 1167, 2 21 section 4, the eligibility requirements for the program 2 22 provided that an Iowa resident must have had at least 90 days 2 23 of active duty service during the period beginning September 2 24 11, 2001, and ending June 30, 2007. The bill extends this 2 25 period by one year to June 30, 2008. A nonreversion clause 2 26 provides that any unused funds from the appropriation do not 2 27 revert until the close of fiscal year 2008=2009. 2 28 The second veterans affairs appropriation is for 2 29 continuation of the injured veterans grant program in 2 30 accordance with Code section 35A.14, for providing hardship 2 31 grants to military veterans seriously injured in a combat zone 2 32 since September 11, 2001. 2 33 The bill takes effect upon enactment. 2 34 LSB 1694SV 82 2 35 jp:mg/gg/14