HSB 641 (LSB 6060HC (1) 84)

HOUSE FILE _____

BY  (PROPOSED COMMITTEE ON VETERANS AFFAIRS BILL BY CHAIRPERSON CHAMBERS)

A BILL FOR

An Act permitting the temporary allocation and use of moneys in the veterans trust fund for cemetery grant development purposes.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 35A.13, subsection 3, Code Supplement 2011, is amended to read as follows:
   3.  Moneys credited to the trust fund shall not be transferred, used, obligated, appropriated, or otherwise encumbered, except as provided in this section. Moneys in the trust fund may be used for cash flow purposes during a fiscal year provided that any moneys so allocated are returned to the trust fund by the end of that fiscal year.

Moneys in the trust fund may also be used for cemetery grant development purposes during a fiscal year provided that any moneys so allocated are returned to the trust fund upon receipt of federal funds received for such purposes.
EXPLANATION
   This bill permits the commission of veterans affairs to allocate and use moneys in the veterans trust fund for cemetery grant development purposes, provided that such moneys eventually be returned to the trust fund upon receipt of federal funds received for such cemetery development purposes.