Bill Text: IA SF160 | 2013-2014 | 85th General Assembly | Introduced


Bill Title: A bill for an act providing certain transfers to the veterans trust fund.

Spectrum: Moderate Partisan Bill (Republican 8-1)

Status: (Introduced - Dead) 2013-12-31 - END OF 2013 ACTIONS [SF160 Detail]

Download: Iowa-2013-SF160-Introduced.html
Senate File 160 - Introduced SENATE FILE 160 BY KAPUCIAN , JOHNSON , ZAUN , BERTRAND , CHELGREN , SCHNEIDER , ZUMBACH , FEENSTRA , and BEHN A BILL FOR An Act providing certain transfers to the veterans trust fund. 1 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 2 TLSB 1859XS (4) 85 aw/jp
S.F. 160 Section 1. VETERANS TRUST FUND TRANSFERS —— FY 2013-2014 1 THROUGH FY 2016-2017 2 There is transferred from the general fund of the state 3 for the following fiscal years the following amounts, or so 4 much thereof as is necessary, to be used for the purposes 5 designated: 6 To be credited to the veterans trust fund created in section 7 35A.13: 8 FY 2013-2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,000,000 9 FY 2014-2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,000,000 10 FY 2015-2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,000,000 11 FY 2016-2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,000,000 12 Sec. 2. VETERANS TRUST FUND TRANSFER —— FY 2017-2018 13 There is transferred from the general fund of the state for 14 the fiscal year beginning July 1, 2017, and ending June 30, 15 2018, the following amount, or so much thereof as is necessary, 16 to be used for the purposes designated: 17 To be credited to the veterans trust fund created in section 18 35A.13: 19 An amount sufficient for the balance of the veterans trust 20 fund to reach fifty million dollars as of July 1, 2017. 21 EXPLANATION 22 This bill makes transfers to the veterans trust fund 23 from the general fund of the state. The bill provides for a 24 transfer of $7 million to the veterans trust fund from the 25 general fund each fiscal year of the period beginning in fiscal 26 year 2013-2014 and ending at the conclusion of fiscal year 27 2016-2017. The bill also provides for a one-time transfer to 28 the veterans trust fund from the general fund in the 2017-2018 29 fiscal year in an amount sufficient for the balance of the 30 veterans trust fund to reach $50 million as of July 1, 2017. 31 -1- LSB 1859XS (4) 85 aw/jp 1/ 1
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