Iowa § 307.47 Materials and equipment revolving fund — annual purchase report

Iowa Statutes

§ 307.47 — Materials and equipment revolving fund — annual purchase report

Iowa § 307.47

Title VIIITRANSPORTATION

Ch. 307DEPARTMENT OF TRANSPORTATION (DOT)

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Bluebook

Iowa Code § 307.47 (2026).

Text

1.The highway materials and equipment revolving fund is created from moneys appropriated out of the primary road fund. From this fund shall be paid all costs for materials and supplies, inventoried stock supplies, maintenance and operational costs of equipment, and equipment replacements incurred in the operation of centralized purchasing. Direct salaries and expenses properly chargeable to direct salaries shall be paid from the fund. For each month, the department shall render a statement to each highway unit for the actual cost of materials and supplies, operational and maintenance costs of equipment, and equipment depreciation used. The expense shall be paid in the same manner as other interdepartmental billings are paid. The sum paid shall be credited to the highway materials and equi

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1. The highway materials and equipment revolving fund is created from moneys
appropriated out of the primary road fund. From this fund shall be paid all costs for materials
and supplies, inventoried stock supplies, maintenance and operational costs of equipment,
and equipment replacements incurred in the operation of centralized purchasing. Direct
salaries and expenses properly chargeable to direct salaries shall be paid from the fund. For
each month, the department shall render a statement to each highway unit for the actual cost
of materials and supplies, operational and maintenance costs of equipment, and equipment
depreciation used. The expense shall be paid in the same manner as other interdepartmental
billings are paid. The sum paid shall be credited to the highway materials and equipment
revolving fund.
2. If surplus accrues to the revolving fund in excess of one hundred thousand dollars for
which there is no anticipated need or use, the governor shall order that surplus reverted to
the primary road fund.
3. When a highway unit shares equipment with another administrative unit of the
department, the director shall prorate the costs of the equipment among the administrative
units using the equipment.
§307.47, DEPARTMENT OF TRANSPORTATION (DOT) 12
4. The department shall present a purchase report to the legislative services agency prior
to the beginning of each regular annual session of the general assembly. The report shall
cover all equipment and vehicle purchases through the highway materials and equipment
revolving fund during the preceding fiscal year.