Bill Text: IA SF2119 | 2015-2016 | 86th General Assembly | Introduced
Bill Title: A bill for an act relating to a transfer of funding for a time certain among the athletic programs at the institutions of higher learning under the control of the state board of regents.
Spectrum: Partisan Bill (Independent 1-0)
Status: (Introduced - Dead) 2016-02-10 - Subcommittee, Dvorsky, Hogg, and Johnson. S.J. 203. [SF2119 Detail]
Download: Iowa-2015-SF2119-Introduced.html
Senate File 2119 - Introduced SENATE FILE BY JOHNSON A BILL FOR 1 An Act relating to a transfer of funding for a time certain 2 among the athletic programs at the institutions of higher 3 learning under the control of the state board of regents. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 5068XS (5) 86 kh/sc PAG LIN 1 1 Section 1. NEW SECTION. 262.97 Athletic operating budgets 1 2 == revenue transfers. 1 3 Annually, on September 1 following the close of a fiscal 1 4 year, the state university of Iowa and Iowa state university 1 5 of science and technology athletic departments shall transfer 1 6 to the university of northern Iowa athletic department for the 1 7 following fiscal years the following amounts: 1 8 1. From the state university of Iowa as follows: 1 9 a. For the fiscal year beginning July 1, 2016, and ending 1 10 June 30, 2017, the sum of two million two hundred eighty 1 11 thousand dollars. 1 12 b. For the fiscal year beginning July 1, 2017, and ending 1 13 June 30, 2018, the sum of two million two hundred eighty 1 14 thousand dollars. 1 15 c. For the fiscal year beginning July 1, 2018, and ending 1 16 June 30, 2019, the sum of two million two hundred eighty 1 17 thousand dollars. 1 18 d. For the fiscal year beginning July 1, 2019, and ending 1 19 June 30, 2020, the sum of two million two hundred eighty 1 20 thousand dollars. 1 21 e. For the fiscal year beginning July 1, 2020, and ending 1 22 June 30, 2021, the sum of two million two hundred eighty 1 23 thousand dollars. 1 24 2. From Iowa state university of science and technology as 1 25 follows: 1 26 a. For the fiscal year beginning July 1, 2016, and ending 1 27 June 30, 2017, the sum of one million seven hundred twenty 1 28 thousand dollars. 1 29 b. For the fiscal year beginning July 1, 2017, and ending 1 30 June 30, 2018, the sum of one million seven hundred twenty 1 31 thousand dollars. 1 32 c. For the fiscal year beginning July 1, 2018, and ending 1 33 June 30, 2019, the sum of one million seven hundred twenty 1 34 thousand dollars. 1 35 d. For the fiscal year beginning July 1, 2019, and ending 2 1 June 30, 2020, the sum of one million seven hundred twenty 2 2 thousand dollars. 2 3 e. For the fiscal year beginning July 1, 2020, and ending 2 4 June 30, 2021, the sum of one million seven hundred twenty 2 5 thousand dollars. 2 6 EXPLANATION 2 7 The inclusion of this explanation does not constitute agreement with 2 8 the explanation's substance by the members of the general assembly. 2 9 This bill directs the state university of Iowa (UI) and Iowa 2 10 state university of science and technology (ISU) to transfer 2 11 from moneys from their university's athletic departments a 2 12 total of $4 million for each of the next five years to the 2 13 university of northern Iowa (UNI) athletic department. 2 14 For each fiscal year of the fiscal period beginning July 2 15 1, 2016, and ending June 30, 2021, the UI athletic department 2 16 shall transfer $2,280,000 to the UNI athletic department, and 2 17 the ISU athletic department shall transfer $1,720,000 to the 2 18 UNI athletic department. LSB 5068XS (5) 86 kh/sc