181.13 - ADMINISTRATION OF MONEYS ORIGINATING FROM STATE ASSESSMENT -- APPROPRIATION.
181.13 ADMINISTRATION OF MONEYS ORIGINATING FROM
STATE ASSESSMENT -- APPROPRIATION.
1. All state assessments imposed under this chapter shall be paid
to and collected by the council and deposited with the treasurer of
state in a separate cattle promotion fund which shall be created by
the treasurer of state. The department of administrative services
shall transfer moneys from the fund to the council for deposit into
an account established by the council in a qualified financial
institution. The department shall transfer the moneys as provided in
a resolution adopted by the council. However, the department is only
required to transfer moneys once during each day and only during
hours when the offices of the state are open. From the moneys
collected, deposited, and transferred to the council, in accordance
with the provisions of this chapter, the council shall first pay the
costs of referendums held pursuant to this chapter, the costs of
collection of such state assessments, and the expenses of its agents.
At least ten percent of the remaining moneys shall be remitted to the
association in proportions determined by the council, for use in a
manner not inconsistent with section 181.7. The remaining moneys,
with approval of a majority of the council, shall be expended as the
council finds necessary to carry out the provisions and purposes of
this chapter. However, in no event shall the total expenses exceed
the total amount transferred from the fund for use by the council.
2. All moneys deposited in the cattle promotion fund and
transferred to the council pursuant to this section are appropriated
and shall be used for the administration of this chapter and for the
payment of claims based upon obligations incurred in the performance
of activities and functions set forth in this chapter.
3. If the state assessment is suspended as provided in section
181.7A or a continuance referendum fails to pass as provided in
section 181.19A, moneys remaining in the cattle promotion fund and
transferred to the council shall continue to be transferred and
expended in accordance with the provisions of this chapter until
exhausted. Section History: Early Form
[C71, 73, 75, 77, 79, 81, § 181.13] Section History: Recent Form
86 Acts, ch 1100, § 8; 94 Acts, ch 1146, §7; 97 Acts, ch 30, §3;
2003 Acts, ch 145, §286; 2004 Acts, ch 1037, §12, 19; 2006 Acts, ch
1030, §17