Bill Text: IA SF252 | 2025-2026 | 91st General Assembly | Introduced
Bill Title: A bill for an act relating to the veterans trust fund.(Formerly SSB 1050.)
Spectrum: Committee Bill
Status: (Introduced) 2025-02-18 - Subcommittee: Reichman, Blake, and Warme. S.J. 302. [SF252 Detail]
Download: Iowa-2025-SF252-Introduced.html
Senate
File
252
-
Introduced
SENATE
FILE
252
BY
COMMITTEE
ON
VETERANS
AFFAIRS
(SUCCESSOR
TO
SSB
1050)
A
BILL
FOR
An
Act
relating
to
the
veterans
trust
fund.
1
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
2
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Section
1.
Section
35A.13,
subsection
5,
Code
2025,
is
1
amended
to
read
as
follows:
2
5.
a.
For
each
fiscal
year
that
the
balance
of
the
trust
3
fund
on
July
1
is
below
fifty
seventy-five
million
dollars,
4
the
interest
and
earnings
on
moneys
in
the
fund
and
the
first
5
five
hundred
thousand
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
8
.
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
b.
For
each
fiscal
year
that
the
balance
of
the
trust
fund
12
on
July
1
is
above
fifty
million
dollars
but
the
balance
of
the
13
fund
was
below
fifty
million
dollars
on
July
1
of
the
previous
14
fiscal
year,
moneys
transferred
pursuant
to
section
99G.39
from
15
the
lottery
fund
are
appropriated
to
the
commission
to
be
used
16
to
achieve
the
purposes
of
subsection
8
.
Moneys
appropriated
17
to
the
commission
under
this
paragraph
that
remain
unencumbered
18
or
unobligated
at
the
end
of
the
fiscal
year
shall
revert
to
19
the
fund.
20
c.
For
each
fiscal
year
that
the
balance
of
the
trust
fund
21
on
July
1
is
above
fifty
million
dollars
and
the
balance
of
22
the
fund
was
above
fifty
million
dollars
on
July
1
of
the
23
previous
fiscal
year,
moneys
equal
to
the
net
income
the
fund
24
received
in
the
previous
fiscal
year
are
appropriated
to
the
25
commission
to
be
used
to
achieve
the
purposes
of
subsection
26
8
.
Moneys
appropriated
to
the
commission
under
this
paragraph
27
that
remain
unencumbered
or
unobligated
at
the
end
of
the
28
fiscal
year
shall
revert
to
the
fund.
For
the
purposes
of
this
29
paragraph,
“income”
means
moneys
credited
to
the
veterans
trust
30
fund
pursuant
to
subsection
2
and
moneys
transferred
pursuant
31
to
section
99G.39
.
32
d.
b.
Notwithstanding
paragraphs
paragraph
“a”
,
“b”
,
and
33
“c”
,
moneys
credited
to
the
war
orphans
educational
assistance
34
account
shall
be
expended
as
provided
in
subsection
9
.
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e.
c.
Notwithstanding
paragraphs
paragraph
“a”
,
“b”
,
1
and
“c”
,
moneys
transferred
under
subsection
6
to
the
county
2
commission
of
veteran
affairs
training
program
account
shall
be
3
expended
as
provided
in
section
35A.16
.
4
Sec.
2.
Section
99G.39,
subsection
3,
Code
2025,
is
amended
5
to
read
as
follows:
6
3.
Two
million
five
hundred
thousand
dollars
in
lottery
7
revenues
shall
be
transferred
each
fiscal
year
to
the
veterans
8
trust
fund
established
pursuant
to
section
35A.13
prior
to
9
deposit
of
the
lottery
revenues
in
the
general
fund
pursuant
10
to
section
99G.40
.
However,
if
the
balance
of
the
veterans
11
trust
fund
is
fifty
million
dollars
or
more,
the
moneys
shall
12
be
appropriated
to
the
department
for
distribution
to
county
13
directors
of
veteran
affairs,
with
fifty
percent
of
the
moneys
14
to
be
distributed
equally
to
each
county
and
fifty
percent
of
15
the
moneys
to
be
distributed
to
each
county
based
upon
the
16
population
of
veterans
in
the
county,
so
long
as
the
moneys
17
distributed
to
a
county
do
not
supplant
moneys
appropriated
by
18
that
county
for
the
county
director
of
veteran
affairs
,
unless
19
the
balance
of
the
veterans
trust
fund
is
equal
to
or
greater
20
than
seventy-five
million
dollars
at
the
beginning
of
the
21
fiscal
year
.
22
EXPLANATION
23
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
24
the
explanation’s
substance
by
the
members
of
the
general
assembly.
25
This
bill
relates
to
the
veterans
trust
fund.
26
The
bill
requires
that
each
fiscal
year
in
which
the
balance
27
of
the
veterans
trust
fund
is
below
$75
million,
rather
than
28
$50
million,
the
interest
on
the
veterans
trust
fund
and
the
29
first
$500,000
received
from
the
lottery
fund
be
appropriated
30
to
the
commission
of
veterans
affairs
to
provide
various
31
benefits
to
veterans
and
veterans’
families
according
to
Code
32
section
35A.13(8).
The
bill
removes
the
requirement
that
when
33
the
balance
of
the
veterans
trust
fund
is
above
$50
million
34
but
was
below
$50
million
the
previous
fiscal
year,
moneys
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transferred
from
the
lottery
fund
be
appropriated
to
the
1
commission
of
veterans
affairs
to
be
used
according
to
Code
2
section
35A.13(8).
The
bill
also
removes
the
requirement
3
that
when
the
balance
of
the
veterans
trust
fund
for
both
the
4
present
and
the
previous
fiscal
year
are
above
$50
million,
the
5
net
income
of
the
veterans
trust
fund
from
the
previous
fiscal
6
year
be
appropriated
to
the
commission
of
veterans
affairs
7
to
be
used
according
to
Code
section
35A.13(8).
The
bill
8
removes
the
requirement
that
the
moneys
from
the
lottery
fund
9
be
distributed
to
county
directors
of
veteran
affairs
when
the
10
veterans
trust
fund
has
a
balance
of
more
than
$50
million,
and
11
terminates
transfers
from
the
lottery
fund
for
each
fiscal
year
12
in
which
the
veterans
trust
fund
has
a
balance
of
at
least
$75
13
million.
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