Iowa Code 99G.38 – Lottery finance — self-sustaining
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1. The department may borrow, or accept and expend, in accordance with the provisions of this chapter, such moneys as may be received from any source, including income from the department’s operations, for effectuating its business purposes under this chapter, including the payment of the initial expenses of initiation, administration, and operation of the department under this chapter and the lottery.
Terms Used In Iowa Code 99G.38
- Department: means the department of revenue. See Iowa Code 99G.3
- 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
2. The department as it relates to the lottery shall be self-sustaining and self-funded. Moneys in the general fund of the state shall not be used or obligated to pay the expenses of the department under this chapter or prizes of the lottery, and no claim for the payment of an expense of the lottery or prizes of the lottery may be made against any moneys other than moneys credited to the department operating account pursuant to this chapter.
3. The state of Iowa offset program, as provided in section 421.65, shall be available to the department to facilitate receipt of funds owed to the department under this chapter.