8.57A - ENVIRONMENT FIRST FUND.

        8.57A  ENVIRONMENT FIRST FUND.
         1.  An environment first fund is created under the authority of
      the department of management.  The fund shall consist of
      appropriations made to the fund and transfers of interest, earnings,
      and moneys from other funds as provided by law.  The fund shall be
      separate from the general fund of the state and the balance in the
      fund shall not be considered part of the balance of the general fund
      of the state.  However, the fund shall be considered a special
      account for the purposes of section 8.53, relating to generally
      accepted accounting principles.
         2.  Notwithstanding section 12C.7, subsection 2, interest or
      earnings on moneys in the environment first fund shall be credited to
      the rebuild Iowa infrastructure fund.
         3.  Moneys in the fund in a fiscal year shall be used as
      appropriated by the general assembly for the protection,
      conservation, enhancement, or improvement of natural resources or the
      environment.
         4.  There is appropriated from the rebuild Iowa infrastructure
      fund for the fiscal year beginning July 1, 2008, and for each fiscal
      year thereafter, the sum of forty-two million dollars to the
      environment first fund, notwithstanding section 8.57, subsection 6,
      paragraph "c".
         5.  Annually, on or before January 15 of each year, a state agency
      that received an appropriation from the environment first fund shall
      report to the legislative services agency and the department of
      management the status of all projects completed or in progress.  The
      report shall include a description of the project, the progress of
      work completed, the total estimated cost of the project, a list of
      all revenue sources being used to fund the project, the amount of
      funds expended, the amount of funds obligated, and the date the
      project was completed or an estimated completion date of the project,
      where applicable.  
         Section History: Recent Form
         2000 Acts, ch 1225, §22; 2006 Acts, ch 1179, §34; 2007 Acts, ch
      215, §8; 2007 Acts, ch 219, §28; 2008 Acts, ch 1179, §38
         Referred to in § 8.57