8A.327 - RENT REVOLVING FUND CREATED -- PURPOSE.
8A.327 RENT REVOLVING FUND CREATED -- PURPOSE.
1. A rent revolving fund is created in the state treasury under
the control of the department to be used by the department to pay the
lease or rental costs of all buildings and office space necessary for
the proper functioning of any state agency at the seat of state
government as provided in section 8A.321, subsection 6, except that
this fund shall not be used to pay the rental or lease costs of a
state agency which has not received funds budgeted for rental or
lease purposes.
2. The director shall pay the lease or rental fees to the renter
or lessor and submit a monthly statement to each state agency for
which building and office space is rented or leased. If the director
pays the lease or rental fees on behalf of a state agency, the state
agency's payment to the department shall be credited to the rent
revolving fund established by this section. With the approval of the
director, a state agency may pay the lease or rental cost directly to
the person who is due the payment under the lease or rental
agreement. Section History: Recent Form
2003 Acts, ch 145, §42
Referred to in § 303.9