House
File
445
-
Introduced
HOUSE
FILE
445
BY
JACOBY
and
TUREK
A
BILL
FOR
An
Act
relating
to
annual
appropriations
to
the
veterans
trust
1
fund
and
making
an
appropriation
and
including
effective
2
date
and
applicability
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
TLSB
2037YH
(2)
90
dg/rn
H.F.
445
Section
1.
Section
35A.13,
subsection
5,
paragraph
a,
Code
1
2023,
is
amended
to
read
as
follows:
2
a.
For
each
fiscal
year
that
the
balance
of
the
trust
fund
3
on
July
1
is
below
fifty
million
dollars,
the
interest
and
4
earnings
on
moneys
in
the
fund
and
the
first
five
hundred
5
thousand
one
million
dollars
transferred
pursuant
to
section
6
99G.39
from
the
lottery
fund
are
appropriated
to
the
commission
7
to
be
used
to
achieve
the
purposes
of
subsection
7
.
Moneys
8
appropriated
to
the
commission
under
this
paragraph
that
remain
9
unencumbered
or
unobligated
at
the
end
of
the
fiscal
year
shall
10
revert
to
the
fund.
11
Sec.
2.
EFFECTIVE
DATE.
This
Act,
being
deemed
of
immediate
12
importance,
takes
effect
upon
enactment.
13
Sec.
3.
RETROACTIVE
APPLICABILITY.
This
Act
applies
14
retroactively
to
the
fiscal
year
beginning
July
1,
2022,
and
15
ending
June
30,
2023.
16
EXPLANATION
17
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
18
the
explanation’s
substance
by
the
members
of
the
general
assembly.
19
This
bill
relates
to
veterans
trust
fund
annual
20
appropriations.
21
The
bill
increases
the
amount
appropriated
to
the
veterans
22
trust
fund
annually
from
$500,000
to
$1
million
in
fiscal
23
years
that
the
beginning
balance
of
the
veterans
trust
fund
is
24
below
$50
million.
Each
year,
the
lottery
fund
transfers
$2.5
25
million
to
the
veterans
trust
fund.
26
The
bill
takes
effect
upon
enactment
and
applies
27
retroactively
to
fiscal
year
2022-2023.
28
-1-
LSB
2037YH
(2)
90
dg/rn
1/
1