Iowa Code 182.16 – Deposit and disbursement of funds
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Terms Used In Iowa Code 182.16
- Assessment: means an excise tax on the sale of sheep or wool as provided in this chapter. See Iowa Code 182.1
- Board: means the Iowa sheep and wool promotion board established pursuant to section 182. See Iowa Code 182.1
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
- Signature: includes an electronic signature as defined in section 554D. See Iowa Code 4.1
The board shall deposit amounts collected from the assessment imposed pursuant to section 182.14 in an account established pursuant to section 182.12. Expenses and disbursements incurred and made pursuant to this chapter shall be made by voucher, draft, or check bearing the signature of a person designated by majority vote of the board.