Iowa Code 461.31 – Natural resources and outdoor recreation trust fund — creation
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1. A natural resources and outdoor recreation trust fund is created within the state treasury.
Terms Used In Iowa Code 461.31
- Contract: A legal written agreement that becomes binding when signed.
- Department: means the department of natural resources. See Iowa Code 462A.2
- Department: means the department of agriculture and land stewardship, the department of natural resources, or the department of transportation. See Iowa Code 461.2
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
- Trust fund: means the natural resources and outdoor recreation trust fund created in section 461. See Iowa Code 461.2
2. a. The trust fund shall be composed of moneys required to be credited to the trust fund by law and moneys accepted by a department for placement in an account established in this subchapter and from any source.
b. Trust fund moneys are exclusively appropriated by law to carry out the constitutional purposes provided in section 461.3.
c. Trust fund moneys shall supplement and not replace moneys appropriated by the general assembly to support the constitutional purposes provided in section 461.3.
d. Trust fund moneys shall only be used to support voluntary initiatives and shall not be used for regulatory efforts, enforcement actions, or litigation.
3. In administering a trust fund account, a department may contract, sue and be sued, and authorize payment for costs, fees, commissions, and other reasonable expenses from the account. However, a department shall not in any manner directly or indirectly pledge the credit of this state.
4. Notwithstanding section 8.33, any unexpended balance in the trust fund or in an account created within the trust fund at the end of each fiscal year shall be retained in the trust fund or the respective account. Notwithstanding section 12C.7, subsection 2, interest or earnings on investments or time deposits of the moneys in the trust fund and its respective accounts shall be credited to the trust fund and its respective accounts. The recapture of awards originating from an account and other repayments to an account shall be retained in that account.