Iowa Code 331.432 – Interfund transfers
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1. It is unlawful to make permanent transfers of money between the general fund and the rural services fund.
Terms Used In Iowa Code 331.432
- Board: means the board of supervisors of a county. See Iowa Code 331.101
- Debt service: means expenditures for servicing the county's debt. See Iowa Code 331.421
- 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.
- Fiscal year: means the period of twelve months beginning July 1 and ending on the following June 30. See Iowa Code 331.421
- road: include public bridges, and may be held equivalent to the words "county way" "county road" "common road" and "state road". See Iowa Code 4.1
2. Moneys credited to the secondary road fund for the construction and maintenance of secondary roads shall not be transferred.
3. Payments or transfers of moneys from any fund of the county to a mental health and disability services region’s combined account under section 225C.58 are prohibited. This subsection applies to fiscal years beginning on or after July 1, 2022, but does not apply to transfers from a county public hospital fund under section 347.7 for the fiscal year beginning July 1, 2022, or the fiscal year beginning July 1, 2023.
4. Other transfers, including transfers from the debt service fund made in accordance with section 331.430, and transfers from the general or rural services fund to the secondary road fund in accordance with section 331.429, subsection 1, paragraphs “a” and “b”, are not effective until authorized by resolution of the board.
5. The transfer of inactive funds is subject to section 24.21.