Senate File 2119 - Introduced SENATE FILE 2119 BY JOHNSON A BILL FOR An Act relating to a transfer of funding for a time certain 1 among the athletic programs at the institutions of higher 2 learning under the control of the state board of regents. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 5068XS (5) 86 kh/sc
S.F. 2119 Section 1. NEW SECTION . 262.97 Athletic operating budgets 1 —— revenue transfers. 2 Annually, on September 1 following the close of a fiscal 3 year, the state university of Iowa and Iowa state university 4 of science and technology athletic departments shall transfer 5 to the university of northern Iowa athletic department for the 6 following fiscal years the following amounts: 7 1. From the state university of Iowa as follows: 8 a. For the fiscal year beginning July 1, 2016, and ending 9 June 30, 2017, the sum of two million two hundred eighty 10 thousand dollars. 11 b. For the fiscal year beginning July 1, 2017, and ending 12 June 30, 2018, the sum of two million two hundred eighty 13 thousand dollars. 14 c. For the fiscal year beginning July 1, 2018, and ending 15 June 30, 2019, the sum of two million two hundred eighty 16 thousand dollars. 17 d. For the fiscal year beginning July 1, 2019, and ending 18 June 30, 2020, the sum of two million two hundred eighty 19 thousand dollars. 20 e. For the fiscal year beginning July 1, 2020, and ending 21 June 30, 2021, the sum of two million two hundred eighty 22 thousand dollars. 23 2. From Iowa state university of science and technology as 24 follows: 25 a. For the fiscal year beginning July 1, 2016, and ending 26 June 30, 2017, the sum of one million seven hundred twenty 27 thousand dollars. 28 b. For the fiscal year beginning July 1, 2017, and ending 29 June 30, 2018, the sum of one million seven hundred twenty 30 thousand dollars. 31 c. For the fiscal year beginning July 1, 2018, and ending 32 June 30, 2019, the sum of one million seven hundred twenty 33 thousand dollars. 34 d. For the fiscal year beginning July 1, 2019, and ending 35 -1- LSB 5068XS (5) 86 kh/sc 1/ 2
S.F. 2119 June 30, 2020, the sum of one million seven hundred twenty 1 thousand dollars. 2 e. For the fiscal year beginning July 1, 2020, and ending 3 June 30, 2021, the sum of one million seven hundred twenty 4 thousand dollars. 5 EXPLANATION 6 The inclusion of this explanation does not constitute agreement with 7 the explanation’s substance by the members of the general assembly. 8 This bill directs the state university of Iowa (UI) and Iowa 9 state university of science and technology (ISU) to transfer 10 from moneys from their university’s athletic departments a 11 total of $4 million for each of the next five years to the 12 university of northern Iowa (UNI) athletic department. 13 For each fiscal year of the fiscal period beginning July 14 1, 2016, and ending June 30, 2021, the UI athletic department 15 shall transfer $2,280,000 to the UNI athletic department, and 16 the ISU athletic department shall transfer $1,720,000 to the 17 UNI athletic department. 18 -2- LSB 5068XS (5) 86 kh/sc 2/ 2