This bill amends the provisions related to the veterans trust fund in Iowa, specifically adjusting the thresholds for appropriations from the fund. It establishes that if the balance of the veterans trust fund is below $75 million, rather than the previous threshold of $50 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 or below the $50 million mark in consecutive fiscal years.

Additionally, the bill removes the stipulation that lottery funds be distributed to county directors of veteran affairs when the trust fund exceeds $50 million. Instead, it sets a new condition that such distributions will only occur if the trust fund's balance is less than $75 million at the beginning of the fiscal year. Overall, these changes aim to streamline the funding process for veterans' benefits and adjust the financial thresholds for the veterans trust fund.

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