Iowa Code 16.134A – Water quality financial assistance fund — appropriation
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1. A water quality financial assistance fund is created in the state treasury as a revolving fund.
Terms Used In Iowa Code 16.134A
- Authority: means the Iowa finance authority created in section 16. See Iowa Code 16.1
- Division: means the Iowa title guaranty division in the authority, the director of the division, or a designee of the director. See Iowa Code 16.92
- 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
- Program: means any program administered by the authority or any program in which the authority is directed or authorized to participate pursuant to any statute, executive order, or interagency agreement, or any other program participation or administration of which the authority finds useful and convenient to further the goals and purposes of the authority. See Iowa Code 16.1
- 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. The fund shall consist of all of the following:
a. (1) Moneys transferred to the fund pursuant to section 423G.6.
(2) This paragraph “a” is repealed on January 1, 2040.
b. Appropriations made to the fund and transfers of interest, earnings, and moneys from other funds as provided by law.
3. For each fiscal year in the period beginning July 1, 2018, and ending June 30, 2039, there is appropriated the following percentages of the balance of the fund for the following purposes:
a. Forty percent to the Iowa finance authority to support the wastewater and drinking water treatment financial assistance program created in section 16.134.
b. Forty-five percent to the Iowa finance authority to be credited to the water quality financing program fund created pursuant to section 16.153.
c. Fifteen percent to the division of soil conservation and water quality of the department of agriculture and land stewardship to support the water quality urban infrastructure program created in section 466B.44.
4. Moneys in the fund are not subject to section 8.33. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys in the fund shall be credited to the fund.