312A.3 - ALLOCATION AND USE OF FUNDS.

        312A.3  ALLOCATION AND USE OF FUNDS.         Moneys in the TIME-21 fund shall be credited and used as follows:         1.  Sixty percent for deposit in the primary road fund to be used      exclusively for highway maintenance and construction, including      purchase of right-of-way but not including project planning and      design.  The following projects are eligible for funding under this      subsection and shall have funding priority in the order listed:         a.  Completion of projects on highways designated as access      Iowa highways pursuant to 2005 Iowa Acts, ch. 178, section 41.         b.  Projects on highways in the commercial and industrial      highway network that are included in the department's five-year plan,      or in the long-range plan, for the primary road system.  Priority      shall be given to projects in areas of the state that have existing      biodiesel, ethanol, or other biorefinery plants.         c.  Projects on interstate highways.         2.  Twenty percent for deposit in the secondary road fund, for      apportionment according to the methodology adopted pursuant to      section 312.3C, to be used by counties for construction and      maintenance projects on secondary road bridges and on highways in the      farm-to-market road system.  At least ten percent of the moneys      allocated to a county under this subsection shall be used for bridge      construction, repair, and maintenance, with priority given to      projects that aid and support economic development and job creation.         3.  Twenty percent for deposit in the street construction fund of      the cities, apportioned on the basis of population in the manner      provided in section 312.3, to be used to sustain and improve the      municipal street system.  
         Section History: Recent Form
         2007 Acts, ch 200, §3