This bill establishes a new fund called the Iowa veterans home members fund, which will be managed by the department of veterans affairs. The fund will consist of appropriated moneys from the general assembly, as well as any additional funds obtained from federal sources or private donations. Notably, the bill stipulates that interest or earnings generated from the fund will remain within it and that any unspent funds at the end of the fiscal year will not revert to the state's general fund.

The primary purpose of the Iowa veterans home members fund is to provide financial support to members of the Iowa veterans home who are recipients of Medicaid benefits. Specifically, the bill mandates that if sufficient funds are available, the department shall allocate a monthly stipend of $45 to each eligible member. This initiative aims to enhance the financial well-being of veterans residing in the home.

Statutes affected:
Introduced: 35D.7