8.62 - USE OF REVERSIONS.
8.62 USE OF REVERSIONS.
1. For the purposes of this section, "operational
appropriation" means an appropriation from the general fund of the
state providing for salary, support, administrative expenses, or
other personnel-related costs.
2. Notwithstanding the provisions of section 8.33 or any other
provision of law to the contrary, if on June 30 of a fiscal year, a
balance of an operational appropriation remains unexpended or
unencumbered, not more than fifty percent of the balance may be
encumbered by the agency to which the appropriation was made and used
as provided in this section and the remaining balance shall be
deposited in the cash reserve fund created in section 8.56. Moneys
encumbered under this section shall only be used by the agency during
the succeeding fiscal year for employee training, technology
enhancement, or purchases of goods and services from Iowa prison
industries. Unused moneys encumbered under this section shall be
deposited in the cash reserve fund on June 30 of the succeeding
fiscal year.
3. On or before June 30 of the fiscal year following the fiscal
year in which funds were encumbered under this section, an agency
encumbering funds under this section shall report to the joint
appropriations subcommittee which recommends funding for the agency,
the legislative services agency, the department of management, and
the legislative fiscal committee of the legislative council detailing
how the moneys were expended. Moneys shall not be encumbered under
this section from an appropriation which received a transfer from
another appropriation pursuant to section 8.39. Section History: Recent Form
94 Acts, ch 1181, § 2; 96 Acts, ch 1219, §1; 99 Acts, ch 182, § 1,
2; 2003 Acts, ch 35, §45, 49 Footnotes
Use of FY 2009 and 2010 balances; reversion to general fund under
§8.62; 2009 Acts, ch 170, §52, 53, 55