2009 Iowa Code
Title 8 - Transportation
Subtitle 1 - Highways and Waterways
CHAPTER 312A - TIME=21 FUND
312A.2 - TRANSPORTATION INVESTMENT MOVES THE ECONOMY IN THE TWENTY-FIRST CENTURY (TIME-21) FUND.

        312A.2  TRANSPORTATION INVESTMENT MOVES THE ECONOMY IN
      THE TWENTY-FIRST CENTURY (TIME-21) FUND.
         1.  A transportation investment moves the economy in the
      twenty-first century fund is created in the state treasury under the
      control of the department.  The fund shall be known and referred to
      as the TIME-21 fund.  The fund shall consist of any moneys
      appropriated by the general assembly and any revenues credited by law
      to the TIME-21 fund.  Moneys in the fund are not subject to section
      8.33.  Notwithstanding section 12C.7, subsection 2, interest or
      earnings on moneys deposited in the fund shall be credited to the
      fund.
         2.  Notwithstanding subsection 1 and section 312.2, for the fiscal
      year beginning July 1, 2008, and for each fiscal year thereafter, not
      more than a total of two hundred twenty-five million dollars shall be
      deposited in the TIME-21 fund for any fiscal year.  Any remaining
      moneys directed to be deposited in the TIME-21 fund for a fiscal year
      shall be deposited or retained in the road use tax fund.  

         2007 Acts, ch 200, §2; 2009 Acts, ch 130, §45, 46
         Referred to in § 312.2