256.14 - PERMANENT REVOLVING FUND.

        256.14  PERMANENT REVOLVING FUND.
         1.  A permanent revolving fund is established for the department.
      Expenses incurred by the department from this fund shall be paid
      subject to reimbursement by the federal government.
         2.  There is appropriated from the general fund of the state to
      the department of education the sum of one hundred twenty-five
      thousand dollars for the purpose of establishing the fund created by
      subsection 1.  If any surplus accrues to the revolving fund in excess
      of the original appropriation for which there is no anticipated need
      or use, the governor shall order the surplus to be transferred to the
      general fund.  
         Section History: Recent Form
         86 Acts, ch 1244, § 32; 86 Acts, ch 1245, § 1414