House
File
2297
-
Introduced
HOUSE
FILE
2297
BY
COMMITTEE
ON
VETERANS
AFFAIRS
(SUCCESSOR
TO
HSB
598)
A
BILL
FOR
An
Act
making
a
transfer
to
the
veterans
trust
fund
and
1
including
effective
date
provisions.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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2297
Section
1.
TRANSFER
TO
VETERANS
TRUST
FUND.
At
the
1
close
of
the
fiscal
year
beginning
July
1,
2011,
following
2
the
appropriations
made
to
the
cash
reserve
fund
pursuant
3
to
section
8.57,
subsections
1
and
3,
and
the
Iowa
economic
4
emergency
fund
pursuant
to
section
8.57,
subsection
4,
and
5
following
any
transfer
made
from
the
Iowa
economic
emergency
6
fund
to
the
taxpayers
trust
fund
pursuant
to
section
8.55,
7
subsection
2,
paragraph
“a”,
subparagraph
(1),
from
the
excess
8
moneys
that
remain,
an
amount
sufficient
for
the
balance
of
9
the
veterans
trust
fund
created
in
section
35A.13
to
reach
10
fifty
million
dollars,
up
to
the
amount
of
excess
moneys
that
11
remains,
shall
be
transferred
to
the
veterans
trust
fund,
12
and
any
remaining
excess
shall
be
transferred
to
the
general
13
fund
of
the
state
as
provided
in
section
8.55,
subsection
2,
14
paragraph
“a”,
subparagraph
(2).
15
Sec.
2.
EFFECTIVE
UPON
ENACTMENT.
This
Act,
being
deemed
of
16
immediate
importance,
takes
effect
upon
enactment.
17
EXPLANATION
18
This
bill
provides
for
a
one-time
transfer
of
moneys
from
19
the
Iowa
economic
emergency
fund
to
the
veterans
trust
fund
20
at
the
close
of
fiscal
year
2011-2012.
The
bill
provides
for
21
the
transfer
to
be
made
after
the
standing
appropriations
of
22
the
amounts
necessary
for
the
cash
reserve
fund
and
the
Iowa
23
economic
emergency
fund
to
each
reach
their
maximum
balance.
24
Under
current
law,
when
the
economic
emergency
fund
has
25
reached
its
maximum
balance,
the
first
$60
million
of
the
26
excess,
limited
to
the
difference
between
the
actual
net
27
revenue
for
the
general
fund
of
the
state
for
the
fiscal
year
28
and
the
adjusted
revenue
estimate
for
the
fiscal
year,
is
29
transferred
to
the
taxpayers
trust
fund.
The
bill
provides
30
that
from
the
excess
moneys
that
remain
following
the
taxpayers
31
trust
fund
transfer,
an
amount
sufficient
for
the
balance
in
32
the
veterans
trust
fund
to
reach
$50
million
up
to
the
amount
33
of
excess
moneys
that
remains
is
to
be
transferred
to
the
34
veterans
trust
fund.
Any
remaining
excess
is
to
be
transferred
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to
the
general
fund
of
the
state,
as
is
provided
by
current
1
law.
2
The
bill
takes
effect
upon
enactment.
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