Bills › 91st General Assembly
Relating to the veterans trust fund
Sponsored by the Senate Appropriations (successor To Ssb 1050) (companion To Hf 534 By Committee on Veterans Affairs) Committee
Proposed by the Department of Veterans Affairs · their explanation · all agency proposals
Topics:Alcohol, cannabis & gamingState budgetVeterans & military
Where it is now
- Done: IntroducedFebruary 11, 2025
- Done: SubcommitteeFebruary 18, 2025
- Done: Senate committeeFebruary 11, 2025
- Done: Passes the SenateApril 14, 202545–0
- Stopped: House committeeDied when the General Assembly ended
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2026 session adjourned on May 3, 2026, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary If the veterans trust fund has less than $75 million, more money from interest and the lottery will go to the commission of veterans affairs to help veterans and their families. Once the fund reaches $75 million, the state will stop transferring money from the lottery fund to the account. These changes also adjust how money is distributed to county directors of veteran affairs based on the fund's balance.1
Read the official explanation
This bill relates to the veterans trust fund.13(8).13(8).13(8). The bill removes the requirement that the moneys from the lottery fund be distributed to county directors of veteran affairs when the veterans trust fund has a balance of more than $50 million, and terminates transfers from the lottery fund for each fiscal year in which the veterans trust fund has a balance of at least $75 million.
Why it matters. The Iowa Commission of Veterans Affairs would receive interest from the veterans trust fund and the first $500,000 from the lottery fund in any fiscal year where the fund's balance is below $75 million. This change affects how money is distributed to provide benefits to veterans and their families and ends certain lottery fund transfers to county directors of veteran affairs when the fund balance is high.2
Iowa Code it changes
Lobbying
3 for · 0 against · 3 undecided · Who →