This bill amends the provisions related to the veterans trust fund in Iowa, specifically adjusting the financial thresholds for appropriations from the fund. It raises the threshold for when the interest and earnings from the trust fund, along with the first $500,000 from the lottery fund, can be appropriated to the commission of veterans affairs from $50 million to $75 million. The bill also eliminates previous requirements for appropriations when the fund's balance fluctuates around the $50 million mark, streamlining the process for funding veterans' benefits.

Additionally, the bill modifies the distribution of lottery revenues to the veterans trust fund. It removes the stipulation that funds must be allocated to county directors of veteran affairs when the trust fund balance exceeds $50 million, and it establishes that transfers from the lottery fund will cease if the veterans trust fund reaches a balance of $75 million or more. These changes aim to ensure that more resources are available for veterans and their families when the trust fund is below the new threshold.

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