Senate File 95 - Introduced SENATE FILE 95 BY D. 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 1524SS (8) 87 kh/sc
S.F. 95 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, 2017, and ending 9 June 30, 2018, the sum of two million five hundred thousand 10 dollars. 11 b. For the fiscal year beginning July 1, 2018, and ending 12 June 30, 2019, the sum of two million five hundred thousand 13 dollars. 14 c. For the fiscal year beginning July 1, 2019, and ending 15 June 30, 2020, the sum of two million five hundred thousand 16 dollars. 17 d. For the fiscal year beginning July 1, 2020, and ending 18 June 30, 2021, the sum of two million five hundred thousand 19 dollars. 20 e. For the fiscal year beginning July 1, 2021, and ending 21 June 30, 2022, the sum of two million five hundred thousand 22 dollars. 23 2. From Iowa state university of science and technology as 24 follows: 25 a. For the fiscal year beginning July 1, 2017, and ending 26 June 30, 2018, the sum of one million eight hundred thousand 27 dollars. 28 b. For the fiscal year beginning July 1, 2018, and ending 29 June 30, 2019, the sum of one million eight hundred thousand 30 dollars. 31 c. For the fiscal year beginning July 1, 2019, and ending 32 June 30, 2020, the sum of one million eight hundred thousand 33 dollars. 34 d. For the fiscal year beginning July 1, 2020, and ending 35 -1- LSB 1524SS (8) 87 kh/sc 1/ 2
S.F. 95 June 30, 2021, the sum of one million eight hundred thousand 1 dollars. 2 e. For the fiscal year beginning July 1, 2021, and ending 3 June 30, 2022, the sum of one million eight hundred thousand 4 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 $4.3 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, 2017, and ending June 30, 2022, the UI athletic department 15 shall transfer $2.5 million to the UNI athletic department, and 16 the ISU athletic department shall transfer $1.8 million to the 17 UNI athletic department. 18 -2- LSB 1524SS (8) 87 kh/sc 2/ 2