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HSB 27

A bill for an act relating to the veterans trust fund.

2025-2026 Regular Session

HSB 27 streamlines funding for the Veterans Trust Fund, removing financial thresholds and enhancing resource allocation to better serve veterans' needs.

Committee report approving bill, renumbered as HF 534.
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Bill Summary · HSB 27

Summary of HSB 27 - Veterans Trust Fund Act

Bill Overview

Bill Number: HSB 27
Title: A bill for an act relating to the veterans trust fund
Status: Committee report approving bill, renumbered as HF 534
Introduced: January 15, 2025
Classification: Proposed bill
Subject: Veterans affairs, veterans trust fund

Purpose and Intent

The primary purpose of HSB 27 is to amend existing provisions related to the Veterans Trust Fund in order to streamline funding processes and adjust financial thresholds that dictate the distribution of funds. The bill aims to enhance the management of resources available to veterans through the Commission of Veterans Affairs.

Key Provisions

HSB 27 includes several significant changes to the current legislation regarding the Veterans Trust Fund:

  1. Transfer of Funds:

    • The bill proposes that funds be appropriated from the lottery fund to the Commission of Veterans Affairs, which will be utilized according to Code section 35A.13(8).

  2. Removal of Financial Thresholds:

    • The requirement that the net income of the Veterans Trust Fund from the previous fiscal year be appropriated when the fund balance exceeds $50 million is eliminated.
    • The bill also removes the stipulation that funds from the lottery must be distributed to county directors of veteran affairs when the trust fund balance is above $50 million.

  3. Termination of Transfers:

    • Transfers from the lottery fund will be terminated for each fiscal year in which the Veterans Trust Fund maintains a balance of at least $75 million.

Impact

The changes proposed in HSB 27 are expected to:
- Simplify Funding Processes: By removing certain financial thresholds, the bill aims to provide more straightforward access to funds for the Commission of Veterans Affairs.
- Enhance Resource Allocation: The bill allows for more flexible management of the Veterans Trust Fund, potentially leading to better service delivery for veterans.
- Affect County Directors: The removal of the requirement to distribute funds to county directors may impact local veteran affairs operations, depending on their reliance on these funds.

Legislative Timeline

  • January 15, 2025: Bill introduced and referred to the Veterans Affairs committee.
  • January 16, 2025: Subcommittee meeting held.
  • January 22, 2025: Subcommittee recommends passage.
  • February 19, 2025: Committee report recommending passage; vote results: Yeas 16, Nays 0, Excused 1.
  • February 20, 2025: Committee report approving bill, renumbered as HF 534.

This summary provides an overview of HSB 27, highlighting its purpose, key provisions, and potential impacts on veterans and related agencies. The bill is currently progressing through the legislative process and may soon be subject to further debate and approval.

Compiled from official sources — confirm details with the bill’s official record.

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