HF 81 (LSB 1576YH (5) 90)

HOUSE FILE 81

BY  JACOBY and TUREK

A BILL FOR

An Act relating to annual appropriations to the veterans trust fund and making an appropriation and including effective date and applicability provisions.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 35A.13, subsection 5, paragraph a, Code 2023, is amended to read as follows:
   a.  For each fiscal year that the balance of the trust fund on July 1 is below fifty million dollars, the interest and earnings on moneys in the fund and the first five hundred thousand one million dollars transferred pursuant to section 99G.39 from the lottery fund are appropriated to the commission to be used to achieve the purposes of subsection 7. Moneys appropriated to the commission under this paragraph that remain unencumbered or unobligated at the end of the fiscal year shall revert to the fund.
    Sec. 2.  EFFECTIVE DATE.  This Act, being deemed of immediate importance, takes effect upon enactment.
    Sec. 3.  RETROACTIVE APPLICABILITY.  This Act applies retroactively to the fiscal year beginning July 1, 2022, and ending June 30, 2023.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill relates to veterans trust fund annual appropriations.
   The bill increases the amount appropriated to the veterans trust fund annually from $500,000 to $1 million in fiscal years that the beginning balance of the veterans trust fund is below $50 million. Each year, the lottery fund transfers $1.5 million to the veterans trust fund.
   The bill takes effect upon enactment and applies retroactively to fiscal year 2022-2023.