§ 327J.2 — Passenger rail service revolving fund

Iowa § 327J.2

• Jurisdiction: Iowa
• Title VIII: TRANSPORTATION
• Ch. 327J: PASSENGER RAIL SERVICE

Text

1. Fund created. The passenger rail service revolving fund is established as a separate
fund in the state treasury under the control of the department. Moneys deposited in the fund
shall be administered by the director and shall be used to pay the costs associated with the
initiation, operation, and maintenance of passenger rail service.
2. Funding. To achieve the purposes of this chapter, moneys shall be credited to the
passenger rail service revolving fund by the treasurer of state from the following sources:
a. Appropriations made by the general assembly.
b. Private grants and gifts intended for these purposes.
c. Federal, state, and local grants and loans intended for these purposes.
3. No reversion. Notwithstanding section 8.33, any balance in the fund on June 30 of any
fiscal year shall not revert to the fund from which it was appropriated.