8.67 - LOCAL GOVERNMENT INNOVATION FUND.
8.67 LOCAL GOVERNMENT INNOVATION FUND.
1. A local government innovation fund is created in the state
treasury under the control of the department of management for the
purpose of stimulating and encouraging innovation in local government
by providing moneys for the purpose of providing grants to assist in
the implementation of local governance and revenue models.
2. Officials of a community-wide area who have submitted a local
governance and revenue model to the commission for review may apply
to the commission for a grant from the local government innovation
fund to implement all or a portion of such governance and revenue
model. Officials seeking a grant from the fund shall complete an
application form designed by the commission. Minimum requirements
for local government grant requests shall be determined by the
commission and adopted by rule by the department of management.
3. Notwithstanding section 12C.7, subsection 2, interest or
earnings on moneys deposited in the local government innovation fund
shall be credited to the local government innovation fund.
Notwithstanding section 8.33, moneys appropriated to and moneys
remaining in the local government innovation fund at the end of a
fiscal year shall not revert to the general fund of the state. Section History: Recent Form
2007 Acts, ch 117, §4, 7
Referred to in § 8.64, 8.66, 8.68 Footnotes
For future repeal of section effective July 1, 2010, see §8.68;
2007 Acts, ch 117, §5, 7; 2009 Acts, ch 170, §46, 50
Transfer of unencumbered and unobligated balances in local
government innovation fund at the end of the fiscal year beginning
July 1, 2009, as well as moneys to be credited in succeeding fiscal
years, to the general fund of the state; 2009 Acts, ch 170, §49