8.41A - FEDERAL RECOVERY AND REINVESTMENT FUND.

        8.41A  FEDERAL RECOVERY AND REINVESTMENT FUND.
         1.  A federal recovery and reinvestment fund is created in the
      state treasury under the control of the department of management
      consisting of moneys received from the federal government for state
      and local government fiscal relief under the federal American
      Recovery and Reinvestment Act of 2009, Pub. L. No. 111-5, and other
      moneys received for state and local government fiscal relief under
      any other federal legislation.  Notwithstanding section 12C.7,
      interest or earnings on moneys in the fund shall be credited to the
      fund.  Notwithstanding section 8.33, moneys credited to the fund that
      remain unexpended or unobligated at the end of a fiscal year shall
      not revert to any other fund.
         2.  Moneys appropriated from the fund shall be expended as
      provided in the federal law making the moneys available and in
      conformance with chapter 17A.
         3.  The recipient of an appropriation made from the fund shall
      account for the appropriation in a manner agreed to by the department
      of management and the legislative services agency.
         4.  The governor shall create an Iowa accountability and
      transparency board to monitor the state's use of federal American
      Recovery and Reinvestment Act of 2009 funding in order to prevent
      fraud, waste, and abuse, and to make recommendations to the governor
      and general assembly to assure best practices are implemented for the
      use of the funding.  
         Section History: Recent Form
         2009 Acts, ch 183, §68, 74