161D.2 - LOESS HILLS DEVELOPMENT AND CONSERVATION FUND.
161D.2 LOESS HILLS DEVELOPMENT AND CONSERVATION
FUND.
A loess hills development and conservation fund is created in the
state treasury. The fund shall include a hungry canyons account and
a loess hills alliance account which shall be administered by the
loess hills development and conservation authority. The proceeds of
the respective accounts shall be used for the purposes specified in
section 161D.1 or 161D.6 as applicable. The loess hills development
and conservation authority may accept gifts, bequests, other moneys
including, but not limited to, state or federal moneys, and in-kind
contributions for deposit in the fund. The gifts, grants, bequests
from public and private sources, state and federal moneys, and other
moneys received by the authority shall be deposited in the respective
accounts and any interest earned shall be credited to the respective
accounts to be used for the purposes specified in section 161D.1 or
161D.6 as applicable. Notwithstanding section 8.33, any unexpended
or unencumbered moneys remaining in the fund at the end of the fiscal
year shall not revert to the general fund of the state, but the
moneys shall remain available for expenditure by the authority in
succeeding fiscal years. Section History: Recent Form
93 Acts, ch 136, §2; 99 Acts, ch 119, §2
Referred to in § 161D.1, 161D.3