Senate File 2042 - Introduced SENATE FILE 2042 BY SINCLAIR , ZAUN , GUTH , GREINER , CHELGREN , and ROZENBOOM A BILL FOR An Act providing for an annual transfer of revenue to the road 1 use tax fund. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 5086XS (3) 85 dea/nh

S.F. 2042 Section 1. NEW SECTION . 312.12 Transfer from general fund. 1 There is transferred from the general fund of the state to 2 the road use tax fund for the fiscal year beginning July 1, 3 2014, and each fiscal year thereafter, an amount equal to two 4 percent of the adjusted revenue estimate, as defined in section 5 8.54, for the fiscal year in which the transfer is made. 6 Funds which are unencumbered and unobligated prior to being 7 transferred under this section are subject to modification 8 pursuant to section 8.31, subsection 5. 9 EXPLANATION 10 The inclusion of this explanation does not constitute agreement with 11 the explanation’s substance by the members of the general assembly. 12 This bill provides for an annual transfer of funds from the 13 general fund of the state to the road use tax fund. The amount 14 to be transferred is 2 percent of the adjusted revenue estimate 15 for the fiscal year in which the transfer is made. The amount 16 is subject to across-the-board reductions, but only to the 17 extent such funds are unencumbered and unobligated at the time 18 the reductions are ordered by the governor. 19 -1- LSB 5086XS (3) 85 dea/nh 1/ 1