15F.205 - RIVER ENHANCEMENT COMMUNITY ATTRACTION AND TOURISM FUND.
15F.205 RIVER ENHANCEMENT COMMUNITY ATTRACTION AND
TOURISM FUND.
1. For purposes of this section, "lake" means a lake of which
the state or a political subdivision owns the lake bed up to the
ordinary high water line and which is open to the use of the general
public.
2. A river enhancement community attraction and tourism fund is
created as a separate fund in the state treasury under the control of
the board, consisting of any moneys appropriated by the general
assembly and any other moneys available to and obtained or accepted
by the board for placement in the fund.
3. Payments of interest, repayments of moneys loaned pursuant to
this subchapter, and recaptures of grants or loans shall be deposited
in the fund.
4. The fund shall be used to provide assistance only from funds,
rights, and assets legally available to the board, and the assistance
shall be in the form of grants, loans, forgivable loans, and credit
enhancements and financing instruments as described in the community
attraction and tourism program established in section 15F.202.
5. An applicant for financial assistance from moneys in the river
enhancement community attraction and tourism fund for a river or lake
enhancement project under the community attraction and tourism
program shall receive financial assistance from the fund in an amount
not to exceed one third of the total cost of the project.
6. Moneys in the fund are not subject to section 8.33.
Notwithstanding section 12C.7, subsection 2, interest or earnings on
moneys in the fund shall be credited to the fund.
7. At the beginning of each fiscal year, the board shall allocate
moneys in the fund for financial assistance to projects that promote
and enhance recreational opportunities and community attractions on
and near rivers or lakes within cities across the state. Such
recreational opportunities and community attractions shall be closely
connected to a river or lake and may include but is not limited to
pedestrian trails and walkways, amphitheaters, bike trails, water
trails or whitewater courses for watercraft, and any modifications
necessary for the safe mitigation of dams.
8. The board may make a multiyear commitment to an applicant or
may award assistance for multiple projects to the same applicant
provided the fund contains sufficient moneys. Any moneys remaining
in the fund at the end of a fiscal year may be carried over to a
subsequent fiscal year, or may be obligated in advance for a
subsequent fiscal year.
9. The board is not required to award financial assistance
pursuant to this section unless moneys are appropriated to and
available from the fund. Section History: Recent Form
2008 Acts, ch 1178, §7
Referred to in § 15F.202 Footnotes
Appropriation of funds for FY 2010-2011 through FY 2012-2013;
nonreversion of funds until close of fiscal year beginning July 1,
2015; 2008 Acts, ch 1179, § 7; 2009 Acts, ch 173, §21, 36