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IA SF252
Bill
Status
2/11/2025
Primary Sponsor
Veterans Affairs
Click for details
AI Summary
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Raises the veterans trust fund balance threshold from $50 million to $75 million for determining when interest, earnings, and the first $500,000 in lottery fund transfers are appropriated to the Commission of Veterans Affairs for veteran benefits
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Eliminates the tiered appropriation system that previously applied different rules when the fund balance was above $50 million but below $50 million the prior year, or when it exceeded $50 million for two consecutive years
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Terminates lottery fund transfers to the veterans trust fund entirely for any fiscal year in which the fund balance equals or exceeds $75 million
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Removes the requirement that lottery fund moneys be distributed to county directors of veteran affairs when the veterans trust fund balance exceeds $50 million
Legislative Description
A bill for an act relating to the veterans trust fund.(Formerly SSB 1050; See SF 617.)
Last Action
Committee report approving bill, renumbered as SF 617. S.J. 640.
3/25/2025