2009 Iowa Code
Title 8 - Transportation
Subtitle 1 - Highways and Waterways
CHAPTER 307 - DEPARTMENT OF TRANSPORTATION (DOT)
307.47 - MATERIALS AND EQUIPMENT REVOLVING FUND -- ANNUAL PURCHASE REPORT.

        307.47  MATERIALS AND EQUIPMENT REVOLVING FUND --
      ANNUAL PURCHASE REPORT.
         1.  The highway materials and equipment revolving fund is created
      from moneys appropriated out of the primary road fund.  From this
      fund shall be paid all costs for materials and supplies, inventoried
      stock supplies, maintenance and operational costs of equipment, and
      equipment replacements incurred in the operation of centralized
      purchasing under the supervision of the department's administrator of
      highways.  Direct salaries and expenses properly chargeable to direct
      salaries shall be paid from the fund.  For each month the director
      shall render a statement to each unit under the supervision of the
      administrator of highways for the actual cost of materials and
      supplies, operational and maintenance costs of equipment, and
      equipment depreciation used.  The expense shall be paid by the
      administrator of highways in the same manner as other
      interdepartmental billings are paid and when the expense is paid by
      the administrator of highways, the sum paid shall be credited to the
      highway materials and equipment revolving fund.
         2.  If surplus accrues to the revolving fund in excess of one
      hundred thousand dollars for which there is no anticipated need or
      use, the governor shall order that surplus reverted to the primary
      road fund.
         3.  When the units under the supervision of the administrator of
      highways share equipment with other administrative units of the
      department, the director shall prorate the costs of the equipment
      among the administrative units using the equipment.
         4.  The department shall present a purchase report to the
      legislative services agency prior to the beginning of each regular
      annual session of the general assembly.  The report shall cover all
      equipment and vehicle purchases through the highway materials and
      equipment revolving fund during the preceding fiscal year.  

         86 Acts, ch 1244, § 41; 88 Acts, ch 1278, §27; 2003 Acts, ch 35,
      §45, 49
         Referred to in § 12.28