Amendment S-5070 to SF 2168
Relating to workforce matters including apprenticeships and other career training, unemployment insurance, and membership of the state workforce development board, making appropriations, and including effective date provisions
Adopted · March 5, 2026
Filed March 5, 2026 in the Senate by Sen. Adrian Dickey (R)
What it changes
- Page 8, after line 23 by inserting: “DIVISION ___ UNEMPLOYMENT COMPENSATION RESERVE FUND —— TRANSFER TO UNEMPLOYMENT TRUST FUND Sec. ___. 2024 Iowa Acts, chapter 1162, section 21, is amended to read as follows: SEC.
- UNEMPLOYMENT COMPENSATION RESERVE FUND —— TRANSFER TO WORKFORCE OPPORTUNITY UNEMPLOYMENT TRUST FUND.
- Any moneys appropriated to the department of workforce development for purposes of present in the unemployment compensation reserve fund established pursuant to section 96.9 , Code 2024, that remain unencumbered or unobligated as of July 1, 2024 2026 , but not more than thirty million dollars, shall be deposited in the workforce opportunity fund created in section 84A.20 , if enacted by this division of this Act transferred to the account of this state in the unemployment trust fund, established and maintained pursuant to section 904 of the federal Social Security Act as amended; provided, however, that any interest earned on moneys in the unemployment compensation reserve fund shall be transferred to the special employment security contingency fund established pursuant to section 96.13, subsection 3 .
- Any moneys remaining in the unemployment compensation reserve fund after the deposit described in subsection 1 shall be transferred to the account of this state in the unemployment trust fund; provided, however, that any interest earned on moneys remaining in the unemployment compensation reserve fund after the deposit described in subsection 1 shall be transferred to the special employment security contingency fund.”
- By renumbering as necessary.