80.42 - SICK LEAVE BENEFITS FUND.
80.42 SICK LEAVE BENEFITS FUND.
1. A sick leave benefits fund is established in the office of the
treasurer of state under the control of the department of public
safety. The moneys annually credited to the fund are appropriated to
the department to pay health and life insurance monthly premium costs
for retired departmental employees and beneficiaries who are eligible
to receive benefits for accrued sick leave under the collective
bargaining agreement with the state police officers council or
pursuant to section 70A.23.
2. Notwithstanding section 12C.7, subsection 2, interest or
earnings on moneys credited to the sick leave benefits fund shall be
credited to the sick leave benefits fund. Notwithstanding section
8.33, moneys credited to the sick leave benefits fund at the end of a
fiscal year shall not revert to any other fund but shall remain in
the fund for purposes of the fund.
3. Notwithstanding section 8.39, if funds are needed to pay
monthly premium costs as provided for in subsection 1, sufficient
funds may be transferred and credited to the sick leave benefits fund
from any moneys appropriated to the department. Section History: Recent Form
2001 Acts, ch 186, §17