Amendment H-8353 to SF 2396

Filed April 18, 2024 in the House by

What it changes

1. Page 23, after line 20 by inserting: “DIVISION ___ LENGTH OF SERVICE AWARD PROGRAMS Sec. ___. Section 99G.39, Code 2024, is amended by adding the following new subsection: NEW SUBSECTION . 5A. Two million dollars in lottery revenues shall be transferred each fiscal year to the length of service award program grant fund created in section 100B.52 prior to deposit of the lottery revenues in the general fund of the state pursuant to section 99G.40. Sec. ___. NEW SECTION . 100B.51 Length of service award programs —— authorization. The governing body of a municipality, as defined in section 100B.21, is authorized to establish a length of service award program for volunteer fire fighters as defined in section 85.61, emergency medical care providers as defined in section 147A.1 who are volunteers, and reserve peace officers as defined in section 80D.1A. The program shall provide length of service awards, as described in section 457(e)(11) of the Internal Revenue Code, to volunteer fire fighters, volunteer emergency medical care providers, and reserve peace officers serving a municipality that elects to establish a program. The program shall be designed to treat awards from the program as a tax-deferred benefit under the Internal Revenue Code. The governing body of the municipality shall, in consultation with the chief or other person in command of the fire department and police department serving the municipality, as applicable, adopt guidelines providing for eligibility requirements for participation by volunteer fire fighters, volunteer emergency medical care providers, and reserve peace officers, minimum vesting requirements, distribution requirements, and such other guidelines as deemed necessary to operate the program. Sec. ___. NEW SECTION . 100B.52 Length of service award program grant fund —— appropriation.
2. A length of service award program grant fund is created in the state treasury under the control of the department of revenue. The fund shall consist of all moneys appropriated to the fund.
3. Moneys in the length of service award program grant fund are appropriated to the department of revenue for the purpose of providing grants to municipalities that have established a length of service award program as described in section 100B.51 to provide contributions to the program on behalf of participants in the program. The department of revenue shall adopt rules pursuant to chapter 17A establishing a grant application process. The rules must require a municipality to electronically file the grant application with the department of revenue. The grant process shall provide for up to a dollar-for-dollar funding match from a municipality that has established a length of service award program, not to exceed five hundred dollars per person in the program receiving the grant. If the amount in the fund is insufficient to pay all the eligible grants in a fiscal year, the director of revenue shall prorate the moneys awarded to each municipality. The grant process shall allow a municipality to use moneys received to fund the program from gifts, devises, bequests, or any other source for purposes of providing the funding match required by this subsection.
4. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys deposited in the fund shall be credited to the fund. Notwithstanding section 8.33, moneys credited to the fund shall not revert at the close of a fiscal year. Sec. ___. EFFECTIVE DATE. This division of this Act takes effect January 1,
5. ”
6. Title page, line 5, after “thresholds,” by inserting “implementing a local tax-deferred benefit,”
7. By renumbering as necessary.

Official amendment (PDF) · In the Bill Book