1. A technology reinvestment fund is created under the authority of the department of management. The fund shall consist of appropriations made to the fund and transfers of interest, earnings, and moneys from other funds as provided by law. The fund shall be separate from the general fund of the state and the balance in the fund shall not be considered part of the balance of the general fund of the state. However, the fund shall be considered a special account for the purposes of section 8.53, relating to generally accepted accounting principles.

Terms Used In Iowa Code 8.57C

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • 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
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • 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
  • State agency: means a board, department, commission or authority of or acting on behalf of the state having the power to enter into contracts with or without the approval of the executive council to acquire property in its own name or in the name of the state. See Iowa Code 7D.34
  • year: means twelve consecutive months. See Iowa Code 4.1
 2. Moneys in the fund in a fiscal year shall be used as appropriated by the general assembly for the acquisition of computer hardware and software, software development, telecommunications equipment, and maintenance and lease agreements associated with technology components and for the purchase of equipment intended to provide an uninterruptible power supply.
 3. a. There is appropriated from the general fund of the state to the technology reinvestment fund for the following fiscal years, the following amounts:

 (1) For the fiscal year beginning July 1, 2014, and ending June 30, 2015, the sum of seventeen million five hundred thousand dollars.
 (2) For the fiscal year beginning July 1, 2021, and ending June 30, 2022, the sum of seventeen million seven hundred thousand dollars.
 (3) For the fiscal year beginning July 1, 2023, and for each subsequent fiscal year thereafter, the sum of seventeen million five hundred thousand dollars.
 b. There is appropriated from the rebuild Iowa infrastructure fund for the fiscal year beginning July 1, 2008, and ending June 30, 2009, the sum of seventeen million five hundred thousand dollars, and for the fiscal year beginning July 1, 2009, and ending June 30, 2010, the sum of fourteen million five hundred twenty-five thousand dollars to the technology reinvestment fund, notwithstanding section 8.57, subsection 5, paragraph “c”.
 c. There is appropriated from the rebuild Iowa infrastructure fund for the fiscal year beginning July 1, 2010, and ending June 30, 2011, the sum of ten million dollars to the technology reinvestment fund, notwithstanding section 8.57, subsection 5, paragraph “c”.
 d. There is appropriated from the rebuild Iowa infrastructure fund for the fiscal year beginning July 1, 2011, and ending June 30, 2012, the sum of fifteen million five hundred forty-one thousand dollars to the technology reinvestment fund, notwithstanding section 8.57, subsection 5, paragraph “c”.
 e. There is appropriated from the rebuild Iowa infrastructure fund for the fiscal year beginning July 1, 2013, and ending June 30, 2014, the sum of fourteen million three hundred ten thousand dollars to the technology reinvestment fund, notwithstanding section 8.57, subsection 5, paragraph “c”.
 f. There is appropriated from the rebuild Iowa infrastructure fund for the fiscal year beginning July 1, 2017, and ending June 30, 2018, the sum of ten million dollars to the technology reinvestment fund, notwithstanding section 8.57, subsection 5, paragraph “c”.
 g. There is appropriated from the rebuild Iowa infrastructure fund for the fiscal year beginning July 1, 2018, and ending June 30, 2019, the sum of fourteen million four hundred thousand dollars to the technology reinvestment fund, notwithstanding section 8.57, subsection 5, paragraph “c”.
 h. There is appropriated from the rebuild Iowa infrastructure fund for the fiscal year beginning July 1, 2019, and ending June 30, 2020, the sum of eighteen million sixty-nine thousand nine hundred seventy-five dollars to the technology reinvestment fund, notwithstanding section 8.57, subsection 5, paragraph “c”.
 i. There is appropriated from the rebuild Iowa infrastructure fund for the fiscal year beginning July 1, 2020, and ending June 30, 2021, the sum of eighteen million five hundred fifty thousand dollars to the technology reinvestment fund, notwithstanding section 8.57, subsection 5, paragraph “c”.
 j. There is appropriated from the rebuild Iowa infrastructure fund for the fiscal year beginning July 1, 2022, and ending June 30, 2023, the sum of twenty million five hundred thousand dollars to the technology reinvestment fund, notwithstanding section 8.57, subsection 5, paragraph “c”.
 4. Annually, on or before January 15 of each year, a state agency that received an appropriation from this fund shall report to the legislative services agency and the department of management the status of all projects completed or in progress. The report shall include a description of the project, the progress of work completed, the total estimated cost of the project, a list of all revenue sources being used to fund the project, the amount of funds expended, the amount of funds obligated, and the date the project was completed or an estimated completion date of the project, where applicable.
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