Senate
Study
Bill
1012
-
Introduced
SENATE/HOUSE
FILE
_____
BY
(PROPOSED
IOWA
LOTTERY
AUTHORITY
BILL)
A
BILL
FOR
An
Act
concerning
lottery
games
and
revenue
for
support
of
1
veterans.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
TLSB
1182DP
(4)
86
ec/nh
S.F.
_____
H.F.
_____
Section
1.
Section
35A.13,
subsection
4,
paragraph
a,
Code
1
2015,
is
amended
to
read
as
follows:
2
a.
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
transferred
each
fiscal
year
pursuant
to
section
99G.9A
7
99G.39
from
the
lottery
fund
to
the
trust
fund
are
appropriated
8
to
the
commission
to
be
used
to
achieve
the
purposes
of
9
subsection
6
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.39,
Code
2015,
is
amended
by
adding
the
15
following
new
subsection:
16
NEW
SUBSECTION
.
2A.
Two
million
five
hundred
thousand
17
dollars
in
lottery
revenues
shall
be
transferred
each
fiscal
18
year
to
the
veterans
trust
fund
established
pursuant
to
section
19
35A.13
prior
to
deposit
of
the
lottery
revenues
in
the
general
20
fund
pursuant
to
section
99G.40.
However,
if
the
balance
of
21
the
veterans
trust
fund
is
fifty
million
dollars
or
more,
the
22
moneys
shall
be
appropriated
to
the
department
of
revenue
for
23
distribution
to
county
directors
of
veteran
affairs,
with
fifty
24
percent
of
the
moneys
to
be
distributed
equally
to
each
county
25
and
fifty
percent
of
the
moneys
to
be
distributed
to
each
26
county
based
upon
the
population
of
veterans
in
the
county,
27
so
long
as
the
moneys
distributed
to
a
county
do
not
supplant
28
moneys
appropriated
by
that
county
for
the
county
director
of
29
veteran
affairs.
30
Sec.
3.
REPEAL.
Section
99G.9A,
Code
2015,
is
repealed.
31
EXPLANATION
32
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
33
the
explanation’s
substance
by
the
members
of
the
general
assembly.
34
This
bill
repeals
Code
section
99G.9A,
which
requires
the
35
-1-
LSB
1182DP
(4)
86
ec/nh
1/
2
S.F.
_____
H.F.
_____
lottery
to
conduct
a
limited
series
of
lottery
games
with
1
the
revenues
from
the
games
to
be
used
to
provide
aid
for
2
veterans
through
deposit
in
the
veterans
trust
fund
or,
if
the
3
balance
in
the
veterans
trust
fund
exceeds
$50
million,
for
4
distribution
to
county
directors
of
veteran
affairs.
5
Instead,
the
bill
amends
Code
section
99G.39
to
provide
that
6
$2.5
million
in
lottery
revenues
shall
be
transferred
each
7
fiscal
year
for
distribution
to
provide
aid
to
veterans
in
the
8
same
manner
as
provided
by
current
Code
section
99G.9A.
9
-2-
LSB
1182DP
(4)
86
ec/nh
2/
2