SF 2103 (LSB 5538XS (3) 91)

SENATE FILE 2103

BY  STAED, DONAHUE, and PETERSEN

A BILL FOR

An Act relating to the cessation of appropriations to the Iowa resources enhancement and protection fund.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 455A.18, subsection 3, paragraph a, Code 2026, is amended to read as follows:
   a.  For each fiscal year of the fiscal period beginning July 1, 1997, and ending June 30, 2028, there is appropriated from the general fund, to the Iowa resources enhancement and protection fund, the amount of twenty million dollars, to be used as provided in this chapter. However, in any fiscal year of the fiscal period, if moneys from the lottery are appropriated by the state to the fund, the amount appropriated under this subsection shall be reduced by the amount appropriated from the lottery.
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 appropriations to the Iowa resources enhancement and protection (REAP) fund.
   Under current law, each fiscal year, $20 million is appropriated from the general fund of the state to the REAP fund. The annual appropriation is currently set to expire June 30, 2028. The bill removes the expiration date of the annual appropriation to the REAP fund.