A bill for an act relating to the veterans trust fund.
This bill adjusts Iowa's veterans trust fund funding rules based on the fund's balance. It raises the threshold from $50 million to $75 million: when the fund balance falls below $75 million on July 1, interest earnings and the first $500,000 from lottery funds are directed to the veterans commission for benefits. If the fund balance reaches or exceeds $75 million, lottery funds stop being allocated to veterans' programs and instead revert to the trust fund. The bill directly affects how lottery revenues support veterans' services and county veteran affairs programs.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 15, 2025
Last action Feb 20, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
6
Committee
6
Feb 20, 2025
Legislature · Passed
Committee report approving bill, renumbered as HF 534.
legislature
Feb 19, 2025
Lower · Passed
Committee vote: Yeas, 16. Nays, 0. Excused, 1.
lower
Feb 19, 2025
Lower · Passed
Committee report, recommending passage.
lower
Jan 22, 2025
Legislature · Passed
Subcommittee recommends passage.
legislature
Jan 16, 2025
Legislature · Passed
Subcommittee Meeting: 01/22/2025 12:00PM House Lounge.
legislature
Jan 15, 2025
Lower · Passed
Subcommittee: Rinker, Hermanson and McBurney.
lower
Jan 15, 2025
Introduced
Introduced, referred to Veterans Affairs.
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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