2009 Iowa Code
Title 8 - Transportation
Subtitle 1 - Highways and Waterways
CHAPTER 312 - ROAD USE TAX FUND
312.7 - BALANCE MAINTAINED IN FUND.

        312.7  BALANCE MAINTAINED IN FUND.
         The treasurer of state shall maintain in the road use tax fund in
      the state treasury, of the funds collected as provided in chapter 321
      or as said chapter may be amended, a cash balance sufficient, when
      added to the cash balance of receipts in the road use tax fund from
      other sources, to pay the anticipated expenditures from the road use
      tax fund for the ensuing month.
         When necessary to restore the balance in the road use tax fund in
      the state treasury, the treasurer of state shall draw upon the
      treasurer of each county of the state in proportion to the amounts in
      their possession, respectively, of the funds collected under the
      provisions of chapter 321 or as said chapter may be amended, and
      credited to the road use tax fund, a sum sufficient in the aggregate
      to restore the cash balance in the road use tax fund.  Such drafts
      shall be honored by the treasurer of each county upon presentation.
      

         [C24, 27, 31, 35, § 4772, 5003; C39, § 4686.26, 4772, 5010.03;
      C46, § 310.26, 316.17, 321.147; C50, § 308A.7; C54, 58, 62, 66, 71,
      73, 75, 77, 79, 81, § 312.7]