68A.602 - FUND CREATED.
68A.602 FUND CREATED.
The "Iowa election campaign fund" is created within the office
of the treasurer of state. The fund shall consist of funds paid by
persons as provided in section 68A.601. The treasurer of state shall
maintain within the fund a separate account for each political party
as defined in section 43.2. The director of revenue shall remit
funds collected as provided in section 68A.601 to the treasurer of
state who shall deposit such funds in the appropriate account within
the Iowa election campaign fund. All contributions directed to the
Iowa election campaign fund by taxpayers who do not designate any one
political party to receive their contributions shall be divided by
the director of revenue equally among each account currently
maintained in the fund. However, at any time when more than two
accounts are being maintained within the fund, contributions to the
fund by taxpayers who do not designate any one political party to
receive their contributions shall be divided among the accounts in
the same proportion as the number of registered voters declaring
affiliation with each political party for which an account is
maintained bears to the total number of registered voters who have
declared an affiliation with a political party. Any interest income
received by the treasurer of state from investment of moneys
deposited in the fund shall be deposited in the Iowa election
campaign fund. Such funds shall be subject to payment to the
chairperson of the specified political party as authorized by the
director of revenue on warrants issued by the director of the
department of administrative services in the manner provided by
section 68A.605. Section History: Early Form
[C75, 77, 79, 81, § 56.19] Section History: Recent Form
83 Acts, ch 176, § 9; 95 Acts, ch 67, §53; 2003 Acts, ch 40, §9;
2003 Acts, ch 145, § 286
CS2003, §68A.602
2004 Acts, ch 1101, §14
Referred to in § 68A.601, 68A.603, 68A.608