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