Iowa Code 100C.9 – Deposit and use of moneys collected
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1. All fees assessed pursuant to this chapter shall be retained as repayment receipts by the department and such fees received shall be used exclusively to offset the costs of administering this chapter.
Terms Used In Iowa Code 100C.9
- Department: means the department of inspections, appeals, and licensing. See Iowa Code 100C.1
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
2. Notwithstanding section 8.33, fees collected by the department that remain unencumbered or unobligated at the close of the fiscal year shall not revert but shall remain available for expenditure for the purposes designated in succeeding fiscal years.