HF 223 (LSB 2106YH (2) 90)

HOUSE FILE 223

BY  ANDREWS, CARLSON, GUSTAFSON, and STOLTENBERG

A BILL FOR

An Act relating to transfers of moneys from the lottery fund to the veterans trust fund.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 99G.39, subsection 3, Code 2023, is amended to read as follows:
   3.  Two million five hundred thousand dollars in lottery revenues shall be transferred each fiscal year to the veterans trust fund established pursuant to section 35A.13 prior to deposit of the lottery revenues in the general fund pursuant to section 99G.40. However, if the balance of the veterans trust fund is fifty million dollars or more, the moneys shall be appropriated to the department of revenue for distribution to county directors of veteran affairs, with fifty percent of the moneys to be distributed equally to each county and fifty percent of the moneys to be distributed to each county based upon the population of veterans in the county, so long as the moneys distributed to a county do not supplant moneys appropriated by that county for the county director of veteran affairs.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   Under current law, $2.5 million in lottery revenues is transferred every fiscal year to the veterans trust fund until the veterans trust fund reaches a balance of $50 million or more. After reaching $50 million, the $2.5 million that would otherwise be transferred to the veterans trust fund is appropriated to the department of revenue for distribution to county directors of veteran affairs.
   This bill eliminates the appropriation contingent upon the veterans trust fund balance reaching $50 million or more, resulting in an annual appropriation to the department of revenue of $2.5 million to the fund.