384.3A - FRANCHISE FEE ACCOUNT -- USE OF FRANCHISE FEE REVENUES.

        384.3A  FRANCHISE FEE ACCOUNT -- USE OF FRANCHISE FEE      REVENUES.         1.  A city that assesses a franchise fee pursuant to an ordinance      that is adopted or amended on or after May 26, 2009, to increase the      percentage rate at which franchise fees are assessed under section      364.2, subsection 4, paragraph "f", shall establish a franchise      fee account within the city's general fund.  All revenues collected      by a city pursuant to such an ordinance shall be deposited in the      account.  Interest earned on revenues deposited in the account shall      remain in the account and be used for the purposes specified in this      section.  Moneys in the account are not subject to transfer to any      other accounts in the city's general fund or to any other funds      established by a city unless such transfer is for a purpose specified      in this section.         2.  Moneys in the account shall be used for the purposes of      inspecting, supervising, and otherwise regulating each franchise      approved by the city.         3.  Moneys in the account in excess of the amount necessary for      the purposes specified in subsection 2 shall be expended for any of      the following:         a.  Property tax relief.         b.  The repair, remediation, restoration, cleanup,      replacement, and improvement of existing public improvements and      other publicly owned property, buildings, and facilities.         c.  Projects designed to prevent or mitigate future disasters      as defined in section 29C.2.         d.  Energy conservation measures for low-income homeowners,      low-income energy assistance programs, and weatherization programs.         e.  Public safety, including the equipping of fire, police,      emergency services, sanitation, street, and civil defense      departments.         f.  The establishment, construction, reconstruction, repair,      equipping, remodeling, and extension of public works, public      utilities, and public transportation systems.         g.  The construction, reconstruction, or repair of streets,      highways, bridges, sidewalks, pedestrian underpasses and overpasses,      street lighting fixtures, and public grounds, and the acquisition of      real estate needed for such purposes.         h.  Property tax abatements, building permit fee abatements,      and abatement of other fees for property damaged by a disaster as      defined in section 29C.2.         i.  Economic development activities and projects.  
         
         2009 Acts, ch 179, §230, 231         Referred to in § 364.2