Iowa Code 714.16C – Consumer education and litigation fund
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Terms Used In Iowa Code 714.16C
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fraud: Intentional deception resulting in injury to another.
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- 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
- Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
- year: means twelve consecutive months. See Iowa Code 4.1
714.16C Consumer education and litigation fund.
1. A consumer education and litigation fund is created as a separate fund in the state treasury to be administered by the attorney general. Moneys credited to the fund shall include amounts received as a result of a state or federal civil consumer fraud judgment or settlement, civil penalties, costs, or attorney fees, and amounts which are specifically directed to the credit of the fund by the judgment or settlement, and amounts which are designated by the judgment or settlement for use by the attorney general for consumer litigation or education purposes. Moneys designated for consumer reimbursement shall not be credited to the fund, except to the extent that such moneys are permitted to be used for enforcement of section
714.16.
2. For each fiscal year, not more than one million one hundred twenty-five thousand dollars is appropriated from the fund to the department of justice to be used for public education relating to consumer fraud and for enforcement of § 714.16 and federal consumer laws, and not more than seventy-five thousand dollars is appropriated from the fund to the department of justice to be used for investigation, prosecution, and consumer education relating to consumer and criminal fraud committed against older Iowans.
3. Notwithstanding § 8.33, moneys credited to the fund shall not revert to any other fund. Notwithstanding § 12C.7, interest or earnings on the moneys in the fund shall be credited to the fund.
2007 Acts, ch 213, §24
Increase in annual appropriations in subsection 2 for the fiscal period beginning July 1, 2014, and ending June 30, 2025; 2014 Acts, ch
1138, §21; 2016 Acts, ch 1137, §18; 2017 Acts, ch 167, §24; 2019 Acts, ch 163, §26; 2021 Acts, ch 166, §23; 2023 Acts, ch 113, §22
Farm mediation services appropriation; 2017 Acts, ch 167, §2; 2018 Acts, ch 1168, §16; 2019 Acts, ch 163, §20; 2020 Acts, ch 1121, §1;
2021 Acts, ch 166, §20; 2022 Acts, ch 1146, §20; 2023 Acts, ch 113, §18
Appropriations for criminal prosecutions, criminal appeals, and state tort claim representation; 2017 Acts, ch 167, §25; 2018 Acts, ch
1168, §16; 2019 Acts, ch 163, §20; 2020 Acts, ch 1121, §1; 2021 Acts, ch 166, §20; 2022 Acts, ch 1146, §20; 2023 Acts, ch 113, §18
1. A consumer education and litigation fund is created as a separate fund in the state treasury to be administered by the attorney general. Moneys credited to the fund shall include amounts received as a result of a state or federal civil consumer fraud judgment or settlement, civil penalties, costs, or attorney fees, and amounts which are specifically directed to the credit of the fund by the judgment or settlement, and amounts which are designated by the judgment or settlement for use by the attorney general for consumer litigation or education purposes. Moneys designated for consumer reimbursement shall not be credited to the fund, except to the extent that such moneys are permitted to be used for enforcement of section
714.16.
2. For each fiscal year, not more than one million one hundred twenty-five thousand dollars is appropriated from the fund to the department of justice to be used for public education relating to consumer fraud and for enforcement of § 714.16 and federal consumer laws, and not more than seventy-five thousand dollars is appropriated from the fund to the department of justice to be used for investigation, prosecution, and consumer education relating to consumer and criminal fraud committed against older Iowans.
3. Notwithstanding § 8.33, moneys credited to the fund shall not revert to any other fund. Notwithstanding § 12C.7, interest or earnings on the moneys in the fund shall be credited to the fund.
2007 Acts, ch 213, §24
Increase in annual appropriations in subsection 2 for the fiscal period beginning July 1, 2014, and ending June 30, 2025; 2014 Acts, ch
1138, §21; 2016 Acts, ch 1137, §18; 2017 Acts, ch 167, §24; 2019 Acts, ch 163, §26; 2021 Acts, ch 166, §23; 2023 Acts, ch 113, §22
Farm mediation services appropriation; 2017 Acts, ch 167, §2; 2018 Acts, ch 1168, §16; 2019 Acts, ch 163, §20; 2020 Acts, ch 1121, §1;
2021 Acts, ch 166, §20; 2022 Acts, ch 1146, §20; 2023 Acts, ch 113, §18
Appropriations for criminal prosecutions, criminal appeals, and state tort claim representation; 2017 Acts, ch 167, §25; 2018 Acts, ch
1168, §16; 2019 Acts, ch 163, §20; 2020 Acts, ch 1121, §1; 2021 Acts, ch 166, §20; 2022 Acts, ch 1146, §20; 2023 Acts, ch 113, §18