Bill Text: IA HF228 | 2019-2020 | 88th General Assembly | Introduced


Bill Title: A bill for an act providing for an annual appropriation to the renewable fuels infrastructure fund.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-02-05 - Introduced, referred to Appropriations. H.J. 208. [HF228 Detail]

Download: Iowa-2019-HF228-Introduced.html
House File 228 - Introduced HOUSE FILE 228 BY JACOBY A BILL FOR An Act providing for an annual appropriation to the renewable 1 fuels infrastructure fund. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 2050YH (2) 88 ec/tm
H.F. 228 Section 1. Section 8.57, subsection 5, paragraph f, 1 subparagraph (1), Code 2019, is amended by adding the following 2 new subparagraph division: 3 NEW SUBPARAGRAPH DIVISION . (0e) For the fiscal year 4 beginning July 1, 2019, and for each fiscal year thereafter, of 5 the wagering tax receipts received pursuant to sections 99D.17 6 and 99F.11, the next three million dollars shall be deposited 7 in the renewable fuel infrastructure fund created in section 8 159A.16. 9 Sec. 2. Section 8.57, subsection 5, paragraph f, 10 subparagraph (1), subparagraph division (f), Code 2019, is 11 amended to read as follows: 12 (f) For the fiscal year beginning July 1, 2018 2019 , and 13 for each fiscal year thereafter, the total moneys in excess 14 of the moneys deposited under this paragraph “f” in the 15 revenue bonds debt service fund, the revenue bonds federal 16 subsidy holdback fund, the vision Iowa fund, the water quality 17 infrastructure fund, the Iowa skilled worker and job creation 18 fund, the renewable fuel infrastructure fund, and the general 19 fund of the state shall be deposited in the rebuild Iowa 20 infrastructure fund and shall be used as provided in this 21 section , notwithstanding section 8.60 . 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 Each fiscal year beginning July 1, 2019, this bill 26 appropriates $3 million to the renewable fuel infrastructure 27 fund created in Code section 159A.16 from wagering tax receipts 28 prior to the deposit of those wagering tax receipts in the 29 rebuild Iowa infrastructure fund. 30 -1- LSB 2050YH (2) 88 ec/tm 1/ 1
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