House Study Bill 79 - Introduced HOUSE FILE _____ BY (PROPOSED COMMITTEE ON VETERANS AFFAIRS BILL BY CHAIRPERSON ALONS) A BILL FOR An Act relating to the veterans trust fund by making a transfer 1 to the fund and making certain changes to transfers made to 2 the fund from a special account in the Iowa lottery fund and 3 including effective date provisions. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 5 TLSB 1652YC (3) 85 aw/sc

H.F. _____ Section 1. Section 35A.13, subsection 4, Code 2013, is 1 amended to read as follows: 2 4. The minimum balance of the trust fund required prior 3 to expenditure of moneys from the trust fund is five million 4 dollars. Once the minimum balance is reached, the interest 5 and earnings on the fund and the first three hundred thousand 6 dollars any moneys transferred each fiscal year pursuant 7 to section 99G.9A from the lottery fund to the trust fund 8 are appropriated to the commission to be used to achieve 9 the purposes of this section . Moneys appropriated to the 10 commission that remain unobligated or unexpended at the end of 11 each fiscal year shall revert to the trust fund. It is the 12 intent of the general assembly that the balance in the trust 13 fund reach fifty million dollars. 14 Sec. 2. Section 99G.9A, Code 2013, is amended to read as 15 follows: 16 99G.9A Limited series of lottery games providing aid for 17 veterans. 18 The chief executive officer, in consultation with the 19 board, shall develop and conduct two additional instant 20 scratch and two additional pull tab lottery games annually 21 to provide moneys for the benefit of veterans and their 22 spouses and dependents. The moneys received from the sale of 23 tickets for each lottery game shall be deposited in a special 24 account in the lottery fund. Notwithstanding section 99G.39 , 25 after payment of the prizes, the remaining moneys an amount 26 sufficient to allow the commission of veterans affairs to 27 expend two hundred fifty thousand dollars each fiscal year 28 shall be transferred to the veterans trust fund established 29 pursuant to section 35A.13 to be used to achieve the purposes 30 of section 35A.13 . However, if the balance of the veterans 31 trust fund is fifty million dollars or more and if the interest 32 and earnings on the fund in a fiscal year is two hundred fifty 33 thousand dollars or greater , the remaining moneys shall be are 34 appropriated to the department of revenue for distribution 35 -1- LSB 1652YC (3) 85 aw/sc 1/ 3

H.F. _____ to county directors of veteran affairs, with fifty percent 1 of the money to be distributed equally to each county and 2 fifty percent of the money to be distributed to each county 3 based upon the population of veterans in the county, so long 4 as the money distributed to a county does not supplant money 5 appropriated by that county for the county director of veteran 6 affairs. 7 Sec. 3. TRANSFER TO VETERANS TRUST FUND. At the close 8 of the fiscal year beginning July 1, 2012, following the 9 appropriations made to the cash reserve fund pursuant to 10 section 8.57, subsections 1 and 2, and the Iowa economic 11 emergency fund pursuant to section 8.57, subsection 3, and 12 following any transfer made from the Iowa economic emergency 13 fund to the taxpayers trust fund pursuant to section 8.55, 14 subsection 2, paragraph “a”, from the excess moneys that remain 15 in the Iowa economic emergency fund, an amount sufficient for 16 the balance of the veterans trust fund created in section 17 35A.13 to reach fifty million dollars, up to the amount of 18 excess moneys that remain, shall be transferred to the veterans 19 trust fund, and any remaining excess shall be transferred to 20 the general fund of the state as provided in section 8.55, 21 subsection 2, paragraph “b”. 22 Sec. 4. EFFECTIVE UPON ENACTMENT. This Act, being deemed of 23 immediate importance, takes effect upon enactment. 24 EXPLANATION 25 This bill provides for a one-time transfer of moneys from 26 the Iowa economic emergency fund to the veterans trust fund 27 at the close of fiscal year 2012-2013. The bill provides for 28 the transfer to be made after the standing appropriations of 29 the amounts necessary for the cash reserve fund and the Iowa 30 economic emergency fund to each reach their maximum balance. 31 Under current law, when the economic emergency fund has 32 reached its maximum balance, the first $60 million of the 33 excess, limited to the difference between the actual net 34 revenue for the general fund of the state for the fiscal year 35 -2- LSB 1652YC (3) 85 aw/sc 2/ 3

H.F. _____ and the adjusted revenue estimate for the fiscal year, is 1 transferred to the taxpayers trust fund. The bill provides 2 that from the excess moneys that remain following the taxpayers 3 trust fund transfer, an amount sufficient for the balance in 4 the veterans trust fund to reach $50 million up to the amount 5 of excess moneys that remains is to be transferred to the 6 veterans trust fund. Any remaining excess is to be transferred 7 to the general fund of the state, as is provided by current 8 law. 9 The bill also provides for the transfer from a special 10 account of the Iowa lottery fund to the veterans trust fund an 11 amount sufficient to allow the commission to expend $250,000 12 each fiscal year to achieve the purposes of the veterans trust 13 fund. 14 The bill takes effect upon enactment. 15 -3- LSB 1652YC (3) 85 aw/sc 3/ 3