256.14 - PERMANENT REVOLVING FUND.
256.14 PERMANENT REVOLVING FUND.
1. A permanent revolving fund is established for the department.
Expenses incurred by the department from this fund shall be paid
subject to reimbursement by the federal government.
2. There is appropriated from the general fund of the state to
the department of education the sum of one hundred twenty-five
thousand dollars for the purpose of establishing the fund created by
subsection 1. If any surplus accrues to the revolving fund in excess
of the original appropriation for which there is no anticipated need
or use, the governor shall order the surplus to be transferred to the
general fund. Section History: Recent Form
86 Acts, ch 1244, § 32; 86 Acts, ch 1245, § 1414