Iowa Code 452A.79A – Marine fuel tax fund
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1. A marine fuel tax fund is created under the authority of the department of natural resources.
a. The fund shall consist of all revenues derived from the excise tax on the sale of motor fuel used in watercraft as provided in section 452A.84 and other moneys appropriated to the fund.
b. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys in the fund shall be credited to the fund. Notwithstanding section 8.33, any moneys credited to the fund from another fund shall not revert to the fund from which appropriated at the close of a fiscal year.
Terms Used In Iowa Code 452A.79A
- Department: means the department of revenue. See Iowa Code 452A.2
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Motor fuel: means motor fuel as defined in section 214A. See Iowa Code 452A.2
- Sale: means any transfer, exchange, or barter, in any manner or by any means whatsoever, for a consideration, and includes and means all sales made by any person. See Iowa Code 453A.42
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
2. Moneys in the marine fuel tax fund are appropriated to the department of natural resources for use by the department in its recreational boating program, which may include but is not limited to any of the following:
a. Dredging and renovation of lakes of this state.
b. Acquisition, development, and maintenance of access to public boating waters.
c. Development and maintenance of boating facilities and navigation aids.
d. Administration, operation, and maintenance of recreational boating activities of the department of natural resources.
e. Acquisition, development, and maintenance of recreation facilities associated with recreational boating.