House File 2468 - Introduced HOUSE FILE 2468 BY COMMITTEE ON APPROPRIATIONS (SUCCESSOR TO HF 2297) (SUCCESSOR TO HSB 598) A BILL FOR An Act relating to transfers 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 TLSB 5919HZ (3) 84 jp/sc

H.F. 2468 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. Section 99G.9A, Code 2011, is amended to read as 16 follows: 17 99G.9A Limited series of lottery games providing aid for 18 veterans. 19 The chief executive officer, in consultation with the 20 board, shall develop and conduct two additional instant 21 scratch and two additional pull tab lottery games annually 22 to provide moneys for the benefit of veterans and their 23 spouses and dependents. The moneys received from the sale of 24 tickets for each lottery game shall be deposited in a special 25 account in the lottery fund. Notwithstanding section 99G.39 , 26 after payment of the prizes, the remaining moneys shall be 27 transferred to the veterans trust fund established pursuant 28 to section 35A.13 . However, if the balance of the veterans 29 trust fund is fifty million dollars or more, the remaining 30 moneys shall be appropriated to the department of revenue for 31 distribution to county directors of veteran affairs, with fifty 32 percent of the money to be distributed equally to each county 33 and fifty percent of the money to be distributed to each county 34 based upon the population of veterans in the county, so long 35 -1- LSB 5919HZ (3) 84 jp/sc 1/ 2

H.F. 2468 as the money distributed to a county does not supplant money 1 appropriated by that county for the county director of veteran 2 affairs. 3 Sec. 3. EFFECTIVE UPON ENACTMENT. This Act, being deemed of 4 immediate importance, takes effect upon enactment. 5 EXPLANATION 6 This bill relates to transfers to the veterans trust fund. 7 Code section 99G.9A, providing for a limited series of 8 lottery games providing aid for veterans, is amended to strike 9 a contingent appropriation that would otherwise apply if the 10 veterans trust fund balance is $50 million or more. 11 The bill also provides for a one-time transfer of moneys from 12 the Iowa economic emergency fund to the veterans trust fund 13 at the close of fiscal year 2011-2012. The bill provides for 14 the transfer to be made after the standing appropriations of 15 the amounts necessary for the cash reserve fund and the Iowa 16 economic emergency fund to each reach their maximum balance. 17 Under current law, when the economic emergency fund has 18 reached its maximum balance, the first $60 million of the 19 excess, limited to the difference between the actual net 20 revenue for the general fund of the state for the fiscal year 21 and the adjusted revenue estimate for the fiscal year, is 22 transferred to the taxpayers trust fund. The bill provides 23 that from the excess moneys that remain following the taxpayers 24 trust fund transfer, an amount sufficient for the balance in 25 the veterans trust fund to reach $50 million up to the amount 26 of excess moneys that remains is to be transferred to the 27 veterans trust fund. Any remaining excess is to be transferred 28 to the general fund of the state, as is provided by current 29 law. 30 The bill takes effect upon enactment. 31 -2- LSB 5919HZ (3) 84 jp/sc 2/ 2