2009 Iowa Code
Title 8 - Transportation
Subtitle 3 - Carriers
CHAPTER 327J - PASSENGER RAIL SERVICE
327J.2 - PASSENGER RAIL SERVICE REVOLVING FUND.

        327J.2  PASSENGER RAIL SERVICE REVOLVING FUND.
         1.  Fund created.  The passenger rail service revolving fund
      is established as a separate fund in the state treasury under the
      control of the department.  Moneys deposited in the fund shall be
      administered by the director and shall be used to pay the costs
      associated with the initiation, operation, and maintenance of
      passenger rail service.
         2.  Funding.  To achieve the purposes of this chapter, moneys
      shall be credited to the passenger rail service revolving fund by the
      treasurer of state from the following sources:
         a.  Appropriations made by the general assembly.
         b.  Private grants and gifts intended for these purposes.
         c.  Federal, state, and local grants and loans intended for
      these purposes.
         3.  No reversion.  Notwithstanding section 8.33, any balance
      in the fund on June 30 of any fiscal year shall not revert to the
      general fund of the state.  

         92 Acts, ch 1210, § 3; 2009 Acts, ch 97, §17
         Referred to in § 327J.1
         Legislative intent that moneys directed to be deposited in road
      use tax fund under §312.1 not be used for loans, grants, or other
      financial assistance for passenger rail service; 2000 Acts, ch 1168,
      §4