161.7 - AGRICHEMICAL REMEDIATION FUND.
161.7 AGRICHEMICAL REMEDIATION FUND.
1. An agrichemical remediation fund is created within the state
treasury under the control of the department.
2. The fund shall consist of any moneys appropriated by the
general assembly for placement in the fund, and moneys available to
and obtained or accepted by the department from the federal
government or private sources for placement in the fund.
3. Moneys in the fund are appropriated exclusively to support
agrichemical remediation as provided in this chapter, including the
payment of claims under section 161.9 and the administration of this
chapter by the board and the department.
4. The treasurer of state shall act as custodian of the fund and
disburse amounts contained in the fund as directed by the department,
in consultation with the board. The treasurer of state is authorized
to invest the moneys deposited in the fund. The income from such
investment shall be credited to and deposited in the fund.
Notwithstanding section 8.33, moneys in the fund are not subject to
reversion to the general fund of the state. The fund shall be
administered by the department which shall make expenditures from the
fund consistent with the purposes set out in this chapter. The
moneys in the fund shall be disbursed upon warrants drawn by the
director of the department of administrative services pursuant to the
order of the department. The finances of the fund shall be
calculated on an accrual basis in accordance with generally accepted
accounting principles. The auditor of state shall regularly perform
audits of the fund. Section History: Recent Form
2000 Acts, ch 1184, §7; 2003 Acts, ch 145, §286
Referred to in § 161.2, 161.4