2009 Iowa Code
Title 8 - Transportation
Subtitle 1 - Highways and Waterways
CHAPTER 310 - FARM=TO=MARKET ROADS
310.27 - PERIOD OF ALLOCATION -- REVERSION -- TEMPORARY TRANSFERS.

        310.27  PERIOD OF ALLOCATION -- REVERSION -- TEMPORARY
      TRANSFERS.
         The farm-to-market road fund allotted to any county as provided in
      this chapter shall remain available for expenditure in said county
      for three years after the close of the fiscal year during which said
      sums respectively were allocated.  Any sum remaining unexpended at
      the end of the period during which it is available for expenditure,
      shall be reapportioned among all the counties as provided in section
      312.5 for original allocations.
         For the purposes of this section, any sums of the farm-to-market
      road fund allotted to any county shall be presumed to have been
      "expended" when a contract has been awarded obligating the sums.
      When projects and their estimated costs, which are proposed to be
      funded from the farm-to-market road fund, are submitted to the
      department for approval, the department shall estimate the total
      funding necessary and the period during which claims for the projects
      will be filed.  After anticipating the funding necessary for approved
      projects, the department may temporarily allocate additional moneys
      from the farm-to-market road fund for use in any other farm-to-market
      projects.  However, a county shall not be temporarily allocated funds
      for projects in excess of the county's anticipated farm-to- market
      road fund allocation for the current fiscal year plus the four
      succeeding fiscal years.
         If in the judgment of the department the anticipated claims
      against the primary road fund for any month are in excess of moneys
      available, a temporary transfer for highway construction costs may be
      made from the farm-to-market road fund to the primary road fund
      providing there will remain in the transferring fund a sufficient
      balance to meet the anticipated obligations.  All transfers shall be
      repaid from the primary road fund to the farm-to-market road fund
      within sixty days from the date of the transfer.  A transfer shall be
      made only with the approval of the director of management and shall
      comply with the director of management's rules relating to the
      transfer of funds.  Similar transfers may be made by the department
      from the primary road fund to the farm-to-market road fund and these
      transfers shall be subject to the same terms and conditions that
      transfers from the farm-to-market road fund to the primary road fund
      are subject.  

         Section History: Early Form

         [C39, § 4686.27; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79,
      81, § 310.27] 

         Section History: Recent Form

         85 Acts, ch 83, § 1; 86 Acts, ch 1058, § 1