IA HSB27

Raises the veterans trust fund balance threshold from $50 million to $75 million for determining when interest, earnings, and the first $500,000 from lottery fund transfers are appropriated to the Commission of Veterans Affairs for veteran benefits

Eliminates the transitional funding provision that applied when the fund balance rose above $50 million after being below that threshold the previous fiscal year

Removes the requirement that net income from the veterans trust fund be appropriated to the commission when the fund balance exceeds $50 million for two consecutive fiscal years

Eliminates the distribution of lottery fund moneys to county directors of veteran affairs when the fund balance exceeds $50 million

Terminates lottery fund transfers to the veterans trust fund once the fund balance reaches or exceeds $75 million at the beginning of a fiscal year