15G.205 - RENEWABLE FUEL INFRASTRUCTURE FUND.
15G.205 RENEWABLE FUEL INFRASTRUCTURE FUND.
1. A renewable fuel infrastructure fund is created in the state
treasury under the control of the department. The infrastructure
fund is separate from the general fund of the state.
2. The renewable fuel infrastructure fund is composed of moneys
appropriated by the general assembly and moneys available to and
obtained or accepted by the department from the United States
government or private sources for placement in the infrastructure
fund.
3. Moneys in the renewable fuel infrastructure fund are
appropriated to the department exclusively to support and market the
renewable fuel infrastructure programs as provided in sections
15G.203 and 15G.204, and as allocated in financial incentives by the
renewable fuel infrastructure board created in section 15G.202. Up
to fifty thousand dollars shall be allocated each fiscal year to the
department to support the administration of the programs. The
department may use up to one and one-half percent of the program
funds to market the programs. Otherwise the moneys shall not be
transferred, used, obligated, appropriated, or otherwise encumbered
except to allocate as financial incentives under the programs.
4. a. The recapture of awards or penalties, or other
repayments of moneys originating from the renewable fuel
infrastructure fund shall be deposited into the infrastructure fund.
b. Notwithstanding section 12C.7, interest or earnings on
moneys in the infrastructure fund shall be credited to the
infrastructure fund.
c. Notwithstanding section 8.33, unencumbered and unobligated
moneys remaining in the infrastructure fund at the close of each
fiscal year shall not revert but shall remain available in the
infrastructure fund for expenditure for the same purposes until the
end of the fiscal year that begins July 1, 2011, at which time the
unencumbered and unobligated moneys remaining shall revert to the
funds from which appropriated. Section History: Recent Form
2006 Acts, ch 1175, §6, 23; 2006 Acts, ch 1185, §56; 2008 Acts, ch
1122, §2; 2009 Acts, ch 41, §18
Referred to in § 15G.111, 15G.201, 15G.203, 15G.204