16.133A - FUNDS AND ACCOUNTS -- PROGRAM FUNDS AND ACCOUNTS NOT PART OF STATE GENERAL FUND.
16.133A FUNDS AND ACCOUNTS -- PROGRAM FUNDS AND
ACCOUNTS NOT PART OF STATE GENERAL FUND.
1. The authority may establish and maintain funds and accounts
determined to be necessary to carry out the purposes of the program
and shall provide for the funding, administration, investment,
restrictions, and disposition of the funds and accounts. The
department and the authority may combine administration of the
revolving loan funds and cross collateralize the same to the extent
permitted by the Clean Water Act, the Safe Drinking Water Act, and
other applicable federal law. Moneys appropriated to and used by the
authority and department for purposes of paying the costs and
expenses associated with the administration of the program shall be
administered as determined by the authority and department.
2. The funds or accounts held by the authority, or a trustee
acting on behalf of the authority pursuant to a trust agreement
related to the program, shall not be considered part of the general
fund of the state, are not subject to appropriation for any other
purpose by the general assembly, and in determining a general fund
balance shall not be included in the general fund of the state, but
shall remain in the funds and accounts maintained by the authority or
trustee pursuant to a trust agreement. Funds and accounts held by
the authority, or a trustee acting on behalf of the authority
pursuant to a trust agreement related to the program, are separate
dedicated funds and accounts under the administration and control of
the authority and subject to section 16.31. Section History: Recent Form
2009 Acts, ch 30, §8
Referred to in § 16.131, 16.131A, 455B.291