Iowa Code r. 605-14.8 - Flood project fund
(1) Each
governmental entity that has a project approved by the board and is awarded
funds from either the flood mitigation fund or sales tax increment fund shall
create a separate flood project fund. The fund shall be used to pay the costs
associated with the governmental entity's approved project, to reimburse the
governmental entity for the costs of the approved project incurred after the
project's approval, and to pay the principal and interest on bonds issued
pursuant to Iowa Code section
418.14.
(2) The governmental entity may deposit any
other moneys lawfully received into the fund. Other moneys include but are not
limited to local sales and services tax receipts collected under Iowa Code
chapter 423B.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.