IA SF617

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 provision that appropriated lottery fund transfers to the Commission of Veterans Affairs when the fund balance was above $50 million but had been below $50 million 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

Terminates lottery fund transfers to county directors of veteran affairs when the veterans trust fund balance is $50 million or more, and ends all lottery fund transfers when the balance reaches $75 million or more