Senate Study Bill 3274 



                                    SENATE FILE       
                                    BY  (PROPOSED COMMITTEE ON VETERANS
                                         AFFAIRS BILL BY CHAIRPERSON
                                         BEALL)

                                    (COMPANION TO HF 2359 BY
                                     COMMITTEE ON VETERANS AFFAIRS)


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

                                      A BILL FOR

  1 An Act concerning veterans, including expenditures from the
  2    veterans trust fund and authorization of lottery games for
  3    veterans.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 5941SC 82
  6 ec/nh/5

PAG LIN



  1  1    Section 1.  Section 35A.13, subsection 5, Code Supplement
  1  2 2007, is amended to read as follows:
  1  3    5.  The minimum balance of the trust fund required prior to
  1  4 expenditure of moneys from the trust fund is fifty million
  1  5 dollars.  However, for the fiscal period beginning July 1,
  1  6 2006, and ending June 30, 2009, the minimum balance of the
  1  7 trust fund required prior to expenditure of moneys from the
  1  8 trust fund is five million dollars.  Once the minimum balance
  1  9 is reached, the interest and earnings on the fund and any
  1 10 moneys received under subsection 3, paragraph "a", are
  1 11 appropriated to the commission to be used to achieve the
  1 12 purposes of this section.
  1 13    Sec. 2.  NEW SECTION.  99G.9A  LIMITED SERIES OF LOTTERY
  1 14 GAMES PROVIDING AID FOR VETERANS.
  1 15    The chief executive officer, in consultation with the
  1 16 board, shall develop and conduct two additional instant
  1 17 scratch and two additional pull tab lottery games annually to
  1 18 provide moneys for the benefit of veterans and their spouses
  1 19 and dependents.  The moneys received from the sale of tickets
  1 20 for each lottery game shall be deposited in a special account
  1 21 in the lottery fund.  Notwithstanding section 99G.39, after
  1 22 payment of the prizes, the remaining moneys shall be
  1 23 transferred to the veterans trust fund established pursuant to
  1 24 section 35A.13.  However, if the balance of the veterans trust
  1 25 fund is fifty million dollars or more, the remaining moneys
  1 26 shall be appropriated to the department of veterans affairs
  1 27 for the purposes of the department.
  1 28                           EXPLANATION
  1 29    This bill concerns the veterans trust fund and lottery
  1 30 games for veterans.
  1 31    Code section 35A.13, establishing the veterans trust fund,
  1 32 is amended to provide that the minimum balance before
  1 33 expenditures from interest and earnings on the fund can be
  1 34 made is $5 million.  Currently, the minimum balance required
  1 35 until June 30, 2009, is $5 million and the minimum balance
  2  1 required after that date is $50 million.
  2  2    The bill also provides that the chief executive officer of
  2  3 the lottery authority shall develop and conduct two additional
  2  4 instant scratch and two additional pull tab lottery games
  2  5 annually for the benefit of veterans.  Moneys received from
  2  6 the games, less prizes, shall be deposited in the veterans
  2  7 trust fund, currently controlled by the commission of veterans
  2  8 affairs, for the benefit of veterans and their spouses and
  2  9 dependents.
  2 10    Once the balance in the veterans trust fund reaches $50
  2 11 million, the bill provides that proceeds from the games shall
  2 12 be appropriated to the department of veterans affairs.
  2 13 LSB 5941SC 82
  2 14 ec/nh/5