Iowa § 312.7 Balance maintained in fund

Iowa Statutes

§ 312.7 — Balance maintained in fund

Iowa § 312.7

Title VIIITRANSPORTATION

Ch. 312ROAD USE TAX FUND

This text of Iowa § 312.7 (Balance maintained in fund) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 312.7 (2026).

Text

1.The treasurer of state shall maintain in the road use tax fund in the state treasury, of the funds collected as provided in chapter 321 or as said chapter may be amended, a cash balance sufficient, when added to the cash balance of receipts in the road use tax fund from other sources, to pay the anticipated expenditures from the road use tax fund for the ensuing month.

2.When necessary to restore the balance in the road use tax fund in the state treasury, the treasurer of state shall draw upon the treasurer of each county of the state in proportion to the amounts in their possession, respectively, of the funds collected under the provisions of chapter 321 or as said chapter may be amended, and credited to the road use tax fund, a sum sufficient in the aggregate to restore the cash bala

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1. The treasurer of state shall maintain in the road use tax fund in the state treasury, of
the funds collected as provided in chapter 321 or as said chapter may be amended, a cash
balance sufficient, when added to the cash balance of receipts in the road use tax fund from
other sources, to pay the anticipated expenditures from the road use tax fund for the ensuing
month.
2. When necessary to restore the balance in the road use tax fund in the state treasury,
the treasurer of state shall draw upon the treasurer of each county of the state in proportion
to the amounts in their possession, respectively, of the funds collected under the provisions
of chapter 321 or as said chapter may be amended, and credited to the road use tax fund, a
sum sufficient in the aggregate to restore the cash balance in the road use tax fund. Such
drafts shall be honored by the treasurer of each county upon presentation.

Legislative History

[C24, 27, 31, 35, §4772, 5003; C39, §4686.26, 4772, 5010.03; C46, §310.26, 316.17, 321.147; C50, §308A.7; C54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §312.7]