8.57H Iowa coronavirus capital projects fund.
1. An Iowa coronavirus capital projects fund is created in the state treasury under the authority of the office of the governor. The fund shall be separate from the general fund of the state and the balance in the fund shall not be considered part of the balance of the general fund of the state. The fund shall consist of moneys received by the state from the coronavirus capital projects fund pursuant to the American Rescue Plan Act of 2021, Pub. L. No. 117-2, and any other moneys appropriated to or deposited in the fund.
2. Moneys in the fund are appropriated to the office of the governor to be used, expended, granted, or transferred as determined by the governor to carry out critical capital projects directly enabling work, education, and health monitoring, including remote options, in response to the public health emergency with respect to COVID-19.
3. Except as provided in section 8.58, the fund shall be considered a special account for the purposes of section 8.53 in determining the cash position of the general fund of the state for the payment of state obligations. Notwithstanding section 8.33, moneys in the fund that remain unencumbered or unobligated at the close of a fiscal year shall not revert but shall remain available for expenditure for the purposes designated. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys in the fund shall be credited to the fund.
4. This section is repealed July 1, 2025.
2021 Acts, ch 172, §25, 29
NEW section
Structure Iowa Code
Title I - STATE SOVEREIGNTY AND MANAGEMENT
Chapter 8 - DEPARTMENT OF MANAGEMENT — BUDGET AND FINANCIAL CONTROL ACT
Section 8.3A - Capital project planning and budgeting — governor’s duties.
Section 8.4 - Department of management.
Section 8.5 - General powers and duties.
Section 8.6 - Specific powers and duties.
Section 8.7 - Reporting of gifts and bequests received.
Section 8.8 - Special olympics fund — appropriation.
Section 8.9 - Grants enterprise management office.
Section 8.10 - Facilitator’s duties.
Section 8.11 - Grant applications — minority impact statements.
Section 8.21 - Budget transmitted.
Section 8.22 - Nature and contents of budget.
Section 8.22A - Revenue estimating conference.
Section 8.23 - Annual departmental estimates.
Section 8.24 - Annual estimate of income.
Section 8.25 - Tentative budget.
Section 8.27 - Preparation of budget.
Section 8.28 - Supplemental estimates.
Section 8.29 - Regents universities — uniform accounting system.
Section 8.30 - Availability of appropriations.
Section 8.31 - Allotments of appropriations — exceptions — modifications.
Section 8.32 - Conditional availability of appropriations.
Section 8.33 - Time limit on obligations — reversion.
Section 8.34 - Charging off unexpended appropriations.
Section 8.35 - General supervisory control.
Section 8.35A - Information to be given to legislative services agency.
Section 8.36A - Full-time equivalent positions.
Section 8.38 - Misuse of appropriations.
Section 8.39 - Use of appropriations — transfer.
Section 8.39A - Transfer of moneys or positions — changes in tables of organization — notification.
Section 8.40 - Penalty — removal — impeachment.
Section 8.41 - Federal funds — deposit — block grant plans — affected political subdivisions.
Section 8.41A - Federal recovery and reinvestment fund.
Section 8.42 - Payroll accrual account.
Section 8.43 - Salary adjustment fund.
Section 8.44 - Reporting additional funds received.
Section 8.45 - Purchase of real estate by state departments.
Section 8.46 - Lease-purchase — reporting.
Section 8.47 - Service contracts.
Section 8.51 - Political subdivisions — fiscal year — unexpended funds.
Section 8.52 - Planning responsibility.
Section 8.53 - GAAP deficit — GAAP implementation.
Section 8.54 - General fund expenditure limitation.
Section 8.55 - Iowa economic emergency fund.
Section 8.56 - Cash reserve fund.
Section 8.57A - Environment first fund.
Section 8.57B - Water quality infrastructure fund — creation — appropriations.
Section 8.57C - Technology reinvestment fund.
Section 8.57D - Vertical infrastructure restricted capitals fund.
Section 8.57E - Taxpayer relief fund.
Section 8.57F - State bond repayment fund.
Section 8.57G - Iowa coronavirus fiscal recovery fund.
Section 8.57H - Iowa coronavirus capital projects fund.
Section 8.58 - Exemption from automatic application.
Section 8.59 - Appropriations freeze.
Section 8.60 - Use of designated moneys.
Section 8.61 - Trust fund information.
Section 8.62 - Use of reversions.
Section 8.63 - Innovations fund.
Section 8.69 - Tim Shields center for governing excellence in Iowa.