The bill amends the existing provisions regarding the sports wagering receipts fund in Iowa, specifically addressing the allocation and appropriation of funds for various purposes starting from the fiscal year 2025-2026. It establishes a priority for appropriating funds to the Department of Health and Human Services for behavioral health initiatives, the Economic Development Authority for regional sports authority districts, the Department of Revenue for the length of service award program grant fund, and the Department of Public Safety for public safety equipment. Additionally, it creates a local emergency services equipment grant account within the sports wagering receipts fund, allowing the Department of Management to issue grants to eligible local governments for purchasing emergency services equipment.

The bill also includes significant deletions from current law, such as the removal of provisions allowing the use of sports wagering receipts for cash flow purposes and specific reporting requirements related to the county endowment fund. For the fiscal year 2024-2025, it appropriates funds from the sports wagering receipts fund to the community attraction and tourism fund, the destination Iowa fund, and the levee improvement fund, with these provisions taking effect immediately upon enactment. The bill aims to streamline the allocation of funds while enhancing support for public health and safety initiatives.

Statutes affected:
Introduced: 8.57I, 12C.7