Senate Study Bill 1040 



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


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

                                      A BILL FOR

  1 An Act relating to the expenditure of moneys from the veterans
  2    trust fund for accredited veteran service officers.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 1270SC 83
  5 md/nh/5

PAG LIN



  1  1    Section 1.  Section 35A.13, subsection 7, paragraph l, Code
  1  2 2009, is amended to read as follows:
  1  3    l.  Matching funds to veterans organizations to provide for
  1  4 accredited veteran service officers.  However, moneys expended
  1  5 for this purpose in a fiscal year shall not exceed the lesser
  1  6 greater of one hundred fifty thousand dollars or twenty
  1  7 percent of the moneys appropriated to the commission from
  1  8 interest and earnings on the fund in that fiscal year.
  1  9                           EXPLANATION
  1 10    Current law allows expenditures from the veterans trust
  1 11 fund for matching funds to veterans organizations to provide
  1 12 accredited veteran service officers, which expenditures shall
  1 13 not exceed the lesser of $150,000 or 20 percent of the moneys
  1 14 appropriated to the commission of veterans affairs from
  1 15 interest and earnings on the fund in that fiscal year.  This
  1 16 bill increases the limit on such expenditures to an amount
  1 17 which does not exceed the greater of $150,000 or 20 percent of
  1 18 the moneys appropriated to the commission from interest and
  1 19 earnings on the fund in that fiscal year.
  1 20 LSB 1270SC 83
  1 21 md/nh/5