261.24 - IOWA STATE FAIR SCHOLARSHIP.
261.24 IOWA STATE FAIR SCHOLARSHIP.
The Iowa state fair scholarship fund is established in the office
of treasurer of state to be administered by the commission. The
commission shall adopt rules pursuant to chapter 17A for the
administration of this section. The rules shall provide, at a
minimum, that only residents of Iowa who have actively participated
in the Iowa state fair and graduated from an accredited secondary
school in Iowa shall be eligible to receive an Iowa state fair
scholarship for matriculation at an eligible institution as defined
in section 261.35. Notwithstanding section 12C.7, interest earned on
money in the Iowa state fair scholarship fund shall be deposited into
the fund and may be used by the commission only for Iowa state fair
scholarship awards. Section History: Recent Form
98 Acts, ch 1215, §36, 63