103.7 - ELECTRICIAN AND INSTALLER LICENSING AND INSPECTION FUND.
103.7 ELECTRICIAN AND INSTALLER LICENSING AND
INSPECTION FUND.
An electrician and installer licensing and inspection fund is
created in the state treasury as a separate fund under the control of
the board. All licensing, examination, renewal, and inspection fees
shall be deposited into the fund and retained by and for the use of
the board. Expenditures from the fund shall be approved by the sole
authority of the board in consultation with the state fire marshal.
Amounts deposited into the fund shall be considered repayment
receipts as defined in section 8.2. Notwithstanding section 8.33,
any balance in the fund on June 30 of each fiscal year shall not
revert to the general fund of the state, but shall remain available
for the purposes of this chapter in subsequent fiscal years.
Notwithstanding section 12C.7, subsection 2, interest or earnings on
moneys deposited in the fund shall be credited to the fund. Section History: Recent Form
2007 Acts, ch 197, §17, 50