Bill Text: IA SF212 | 2015-2016 | 86th General Assembly | Introduced
Bill Title: A bill for an act providing for an annual transfer of revenue from the general fund of the state to the road use tax fund.
Sponsorship: Partisan Bill (Republican 4)
Status: (Introduced - Dead) 2015-02-12 - Subcommittee, Dvorsky, Feenstra, and Horn. S.J. 294. [SF212 Detail]
Download: Iowa-2015-SF212-Introduced.html
Senate File 212 - Introduced SENATE FILE BY ZAUN, FEENSTRA, SINCLAIR, and SCHULTZ A BILL FOR 1 An Act providing for an annual transfer of revenue from the 2 general fund of the state to the road use tax fund. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 1817XS (4) 86 ns/nh PAG LIN 1 1 Section 1. Section 312.1, subsection 1, Code 2015, is 1 2 amended by adding the following new paragraph: 1 3 NEW PARAGRAPH. 0e. Revenue transferred from the general 1 4 fund of the state pursuant to section 312.10. 1 5 Sec. 2. NEW SECTION. 312.10 Transfer from general fund of 1 6 the state. 1 7 The treasurer of state shall transfer annually from the 1 8 general fund of the state to the road use tax fund the amount 1 9 equal to four percent of the adjusted revenue estimate, 1 10 as provided in section 8.54, subsection 1, paragraph "a", 1 11 calculated for that fiscal year. 1 12 EXPLANATION 1 13 The inclusion of this explanation does not constitute agreement with 1 14 the explanation's substance by the members of the general assembly. 1 15 This bill provides for an annual transfer of revenue from the 1 16 general fund of the state to the road use tax fund. The amount 1 17 of the transfer shall be the amount equal to 4 percent of the 1 18 adjusted revenue estimate for the general fund calculated for 1 19 the year in which the transfer is made. LSB 1817XS (4) 86 ns/nh
