Bill Text: IA HF223 | 2023-2024 | 90th General Assembly | Introduced
Bill Title: A bill for an act relating to transfers of moneys from the lottery fund to the veterans trust fund.
Spectrum: Partisan Bill (Republican 4-0)
Status: (Introduced - Dead) 2023-02-07 - Introduced, referred to Veterans Affairs. H.J. 257. [HF223 Detail]
Download: Iowa-2023-HF223-Introduced.html
House
File
223
-
Introduced
HOUSE
FILE
223
BY
ANDREWS
,
CARLSON
,
GUSTAFSON
,
and
STOLTENBERG
A
BILL
FOR
An
Act
relating
to
transfers
of
moneys
from
the
lottery
fund
to
1
the
veterans
trust
fund.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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223
Section
1.
Section
99G.39,
subsection
3,
Code
2023,
is
1
amended
to
read
as
follows:
2
3.
Two
million
five
hundred
thousand
dollars
in
lottery
3
revenues
shall
be
transferred
each
fiscal
year
to
the
veterans
4
trust
fund
established
pursuant
to
section
35A.13
prior
to
5
deposit
of
the
lottery
revenues
in
the
general
fund
pursuant
6
to
section
99G.40
.
However,
if
the
balance
of
the
veterans
7
trust
fund
is
fifty
million
dollars
or
more,
the
moneys
shall
8
be
appropriated
to
the
department
of
revenue
for
distribution
9
to
county
directors
of
veteran
affairs,
with
fifty
percent
10
of
the
moneys
to
be
distributed
equally
to
each
county
and
11
fifty
percent
of
the
moneys
to
be
distributed
to
each
county
12
based
upon
the
population
of
veterans
in
the
county,
so
long
13
as
the
moneys
distributed
to
a
county
do
not
supplant
moneys
14
appropriated
by
that
county
for
the
county
director
of
veteran
15
affairs.
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
Under
current
law,
$2.5
million
in
lottery
revenues
is
20
transferred
every
fiscal
year
to
the
veterans
trust
fund
until
21
the
veterans
trust
fund
reaches
a
balance
of
$50
million
or
22
more.
After
reaching
$50
million,
the
$2.5
million
that
23
would
otherwise
be
transferred
to
the
veterans
trust
fund
is
24
appropriated
to
the
department
of
revenue
for
distribution
to
25
county
directors
of
veteran
affairs.
26
This
bill
eliminates
the
appropriation
contingent
upon
the
27
veterans
trust
fund
balance
reaching
$50
million
or
more,
28
resulting
in
an
annual
appropriation
to
the
department
of
29
revenue
of
$2.5
million
to
the
fund.
30
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