Bill Text: IA SF323 | 2015-2016 | 86th General Assembly | Enrolled
Bill Title: A bill for an act concerning lottery games and revenue for support of veterans. (Formerly SSB 1012 and SF 177.) Effective 7-1-15.
Sponsorship: Committee Bill
Status: (Passed) 2015-03-31 - Signed by Governor. S.J. 756. [SF323 Detail]
Download: Iowa-2015-SF323-Enrolled.html
Senate File 323 - Enrolled
SENATE FILE
BY COMMITTEE ON
APPROPRIATIONS
(SUCCESSOR TO SF 177)
(SUCCESSOR TO SSB
1012)
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A BILL FOR
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Senate File 323
AN ACT
CONCERNING LOTTERY GAMES AND REVENUE FOR SUPPORT OF VETERANS.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
Section 1. Section 35A.13, subsection 4, paragraph a, Code
2015, is amended to read as follows:
a. The minimum balance of the trust fund required prior to
expenditure of moneys from the trust fund is five million
dollars. Once the minimum balance is reached, the interest
and earnings on the fund and the first three hundred thousand
dollars transferred each fiscal year pursuant to section 99G.9A
99G.39 from the lottery fund to the trust fund are appropriated
to the commission to be used to achieve the purposes of
subsection 6 of this section. Moneys appropriated to the
commission that remain unobligated or unexpended at the end of
each fiscal year shall revert to the trust fund. It is the
intent of the general assembly that the balance in the trust
fund reach fifty million dollars.
Sec. 2. Section 99G.39, Code 2015, is amended by adding the
following new subsection:
NEW SUBSECTION. 2A. Two million five hundred thousand
dollars in lottery revenues shall be transferred each fiscal
year to the veterans trust fund established pursuant to section
35A.13 prior to deposit of the lottery revenues in the general
fund pursuant to section 99G.40. However, if the balance of
the veterans trust fund is fifty million dollars or more, the
moneys shall be appropriated to the department of revenue for
distribution to county directors of veteran affairs, with fifty
percent of the moneys to be distributed equally to each county
and fifty percent of the moneys to be distributed to each
county based upon the population of veterans in the county,
so long as the moneys distributed to a county do not supplant
moneys appropriated by that county for the county director of
veteran affairs.
Sec. 3. Section 99G.39, subsection 3, paragraph a, Code
2015, is amended to read as follows:
a. Notwithstanding subsection 1, if gaming revenues under
sections 99D.17 and 99F.11 are insufficient in a fiscal year to
meet the total amount of such revenues directed to be deposited
in the vision Iowa fund and the school infrastructure fund
during the fiscal year pursuant to section 8.57, subsection
5, paragraph "e", the difference shall be paid from lottery
revenues prior to deposit of the lottery revenues in the
general fund and transfer of lottery revenues to the veterans
trust fund as provided in subsection 2A. If lottery revenues
are insufficient during the fiscal year to pay the difference,
the remaining difference shall be paid from lottery revenues
prior to deposit of lottery revenues in the general fund and
the transfer of lottery revenues to the veterans trust fund as
provided in subsection 2A in subsequent fiscal years as such
revenues become available.
Sec. 4. REPEAL. Section 99G.9A, Code 2015, is repealed.
PAM JOCHUM
President of the Senate
KRAIG PAULSEN
Speaker of the House
I hereby certify that this bill originated in the Senate and
is known as Senate File 323, Eighty=sixth General Assembly.
MICHAEL E. MARSHALL
Secretary of the Senate
Approved , 2015
TERRY E. BRANSTAD
Governor
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