Relating to moneys credited to the flood mitigation fund from fees collected for flying our colors registration plates

Topics:Transportation

Same legislation: HF 590

Write your legislators about itWhat changed before it passed

Official bill page Lobbyist declarations One-pager to print

Where it is now

Done: IntroducedFebruary 22, 2023
Done: SubcommitteeFebruary 27, 2023
Done: House committeeMarch 1, 2023
Skipped: Passes the HouseContinued as HF 590
Next: Senate committee
Next: Passes the Senate
Next: To the Governor
Next: Signed into law

Became HF 590 → Its progress continues under the new number. Go to HF 590 What’s a funnel?

What’s in it

AI summary People who pay for special "flying our colors" license plates will continue to help fund flood prevention. This law stops a previous plan that would have ended the transfer of those plate fees to the flood mitigation fund.¹

Read the official explanation

Under current law, upon application and payment of the proper fees, a person may obtain flying our colors motor vehicle registration plates. The special flying our colors fee is $35 and the additional annual fee is $10. The fees are deposited in the road use tax fund. The treasurer of state is then required to credit monthly, from the statutory allocations fund (SAF) to the flood mitigation fund (FMF), an amount equal to the amount of the fees collected for flying our colors plates.34 as provided for the various purposes specified for special registration plates. The deposit of moneys from the SAF to the FMF for flying our colors plates is set to be repealed July 1, 2023. This bill strikes the repeal.

Full bill text · What changed before it passed²

House subcommittee

Named February 27, 2023. On February 28, 2023 it recommended passage. Vote Total: 3-0.

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

Fiscal note

AI summary This bill ensures that special fees collected from Flying Our Colors license plates continue to be transferred to the Flood Mitigation Fund. It is estimated to maintain annual funding of approximately $111,000 to the Flood Mitigation Fund.³

Read the fiscal note

Description

House File 590 eliminates the July 1, 2023, repeal of language that requires the Treasurer of State to transfer license plate revenue from the Statutory Allocations Fund to the Flood Mitigation Fund. Under House File 590, special fees collected by the Flying Our Colors license plates would continue to be deposited into the Flood Mitigation Fund.

Background

Under current law, individuals may obtain the Flying Our Colors license plate at an initial special fee of $35 and an annual special fee of $10. These special fees are deposited in the Road Use Tax Fund (RUTF) and then the same amount credited monthly from the Statutory Allocations Fund to the Flood Mitigation Fund.

The Flood Mitigation Fund was created in 2012 Iowa Acts, chapter 1094, and is under the control of the Flood Mitigation Board within the Department of Homeland Security and Emergency Management. Moneys in the Fund are used to provide grants, loans, and forgivable loans of up to $4.0 million in any one fiscal year to governmental entities. The Fund has provided funding to a flood mitigation project for the Platteville Drainage District. Approximately $84,000 in FY 2021 and $137,000 in FY 2022 was deposited into the Flood Mitigation Fund from the Statutory Allocations Fund. As of May 8, 2023, the year-to-date transfer amount for FY 2023 is approximately $87,000. The transfer from the Statutory Allocations Fund is the Flood Mitigation Fund’s only source of revenue. Under current law, the Flood Mitigation Fund would cease to be funded by the special fees collected for the Flying Our Colors license plates on July 1, 2023.