This bill amends the provisions related to the veterans trust fund in Iowa, specifically adjusting the financial thresholds that determine how funds are appropriated. It raises the threshold for the trust fund balance from $50 million to $75 million, meaning that for each fiscal year where the balance is below $75 million, the interest and earnings from the fund, along with the first $500,000 from the lottery fund, will be appropriated to the commission of veterans affairs for various benefits. The bill also eliminates previous requirements for appropriations when the fund's balance fluctuates above and below the $50 million mark.

Additionally, the bill removes the stipulation that funds from the lottery be distributed to county directors of veteran affairs when the trust fund exceeds $50 million. Instead, it establishes that such distributions will only occur if the trust fund balance is equal to or greater than $75 million at the beginning of the fiscal year. Overall, these changes aim to streamline the funding process for veterans' benefits while ensuring that the trust fund maintains a higher balance before triggering certain appropriations.

Statutes affected:
Introduced: 35A.13, 99G.39