SF 160 (LSB 1859XS (4) 85)

SENATE FILE 160

BY  KAPUCIAN, JOHNSON, ZAUN, BERTRAND, CHELGREN, SCHNEIDER, ZUMBACH, FEENSTRA, and BEHN

A BILL FOR

An Act providing certain transfers to the veterans trust fund.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  VETERANS TRUST FUND TRANSFERS —— FY 2013-2014 THROUGH FY 2016-2017
   There is transferred from the general fund of the state for the following fiscal years the following amounts, or so much thereof as is necessary, to be used for the purposes designated:
   To be credited to the veterans trust fund created in section 35A.13:
FY 2013-2014.................................................. $  7,000,000
FY 2014-2015.................................................. $  7,000,000
FY 2015-2016.................................................. $  7,000,000
FY 2016-2017.................................................. $  7,000,000
    Sec. 2.  VETERANS TRUST FUND TRANSFER —— FY 2017-2018 
   There is transferred from the general fund of the state for the fiscal year beginning July 1, 2017, and ending June 30, 2018, the following amount, or so much thereof as is necessary, to be used for the purposes designated:
   To be credited to the veterans trust fund created in section 35A.13:
   An amount sufficient for the balance of the veterans trust fund to reach fifty million dollars as of July 1, 2017. 
EXPLANATION
   This bill makes transfers to the veterans trust fund from the general fund of the state. The bill provides for a transfer of $7 million to the veterans trust fund from the general fund each fiscal year of the period beginning in fiscal year 2013-2014 and ending at the conclusion of fiscal year 2016-2017. The bill also provides for a one-time transfer to the veterans trust fund from the general fund in the 2017-2018 fiscal year in an amount sufficient for the balance of the veterans trust fund to reach $50 million as of July 1, 2017.