SF 95 (LSB 1524SS (8) 87)

SENATE FILE 95

BY  D. JOHNSON

A BILL FOR

An Act relating to a transfer of funding for a time certain among the athletic programs at the institutions of higher learning under the control of the state board of regents.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  NEW SECTION.  262.97  Athletic operating budgets —— revenue transfers.
   Annually, on September 1 following the close of a fiscal year, the state university of Iowa and Iowa state university of science and technology athletic departments shall transfer to the university of northern Iowa athletic department for the following fiscal years the following amounts: 
   1.  From the state university of Iowa as follows:
   a.  For the fiscal year beginning July 1, 2017, and ending June 30, 2018, the sum of two million five hundred thousand dollars.
   b.  For the fiscal year beginning July 1, 2018, and ending June 30, 2019, the sum of two million five hundred thousand dollars.
   c.  For the fiscal year beginning July 1, 2019, and ending June 30, 2020, the sum of two million five hundred thousand dollars.
   d.  For the fiscal year beginning July 1, 2020, and ending June 30, 2021, the sum of two million five hundred thousand dollars.
   e.  For the fiscal year beginning July 1, 2021, and ending June 30, 2022, the sum of two million five hundred thousand dollars.
   2.  From Iowa state university of science and technology as follows:
   a.  For the fiscal year beginning July 1, 2017, and ending June 30, 2018, the sum of one million eight hundred thousand dollars. 
   b.  For the fiscal year beginning July 1, 2018, and ending June 30, 2019, the sum of one million eight hundred thousand dollars.
   c.  For the fiscal year beginning July 1, 2019, and ending June 30, 2020, the sum of one million eight hundred thousand dollars.
   d.  For the fiscal year beginning July 1, 2020, and ending June 30, 2021, the sum of one million eight hundred thousand dollars.
   e.  For the fiscal year beginning July 1, 2021, and ending June 30, 2022, the sum of one million eight hundred thousand dollars.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill directs the state university of Iowa (UI) and Iowa state university of science and technology (ISU) to transfer from moneys from their university’s athletic departments a total of $4.3 million for each of the next five years to the university of northern Iowa (UNI) athletic department. 
   For each fiscal year of the fiscal period beginning July 1, 2017, and ending June 30, 2022, the UI athletic department shall transfer $2.5 million to the UNI athletic department, and the ISU athletic department shall transfer $1.8 million to the UNI athletic department.