97C.12 - CONTRIBUTION FUND.
97C.12 CONTRIBUTION FUND.
There is hereby established in the office of the treasurer of
state a special fund to be known as the contribution fund. Such fund
shall consist of, and there shall be deposited in such fund: (1)
all taxes, interest, and penalties collected under sections 97C.5,
97C.10, and 97C.11; (2) all moneys appropriated thereto under this
chapter; (3) any property or securities and earnings thereof
acquired through the use of moneys belonging to the fund; (4)
interest earned upon any moneys in the fund, and (5) all sums
recovered upon the bond of the custodian or otherwise for losses
sustained by the fund and all other moneys received for the fund from
any other source. Subject to the provisions of this chapter, the
state agency is vested with full power, authority and jurisdiction
over the fund, including all moneys and property or securities
belonging thereto, and may perform any and all acts whether or not
specifically designated, which are necessary to the administration
thereof and are consistent with the provisions of this chapter. All
moneys in this fund shall be mingled and undivided. Section History: Early Form
[C54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 97C.12]
Referred to in § 97C.5, 97C.14