[§264-122] Highway development special fund.  (a)  There is established in the statetreasury the highway development special fund to be administered by thedepartment, into which shall be deposited:

(1)  Transfers of county impact fees assessed under partVIII of chapter 46 and this part to pay for state highway improvements;

(2)  Interest from investment of deposits; and

(3)  Legislative and county appropriations.

(b)  Moneys in the highway development specialfund shall be used for the following purposes:

(1)  Capital costs of qualifying proposed statehighway improvements;

(2)  Reevaluation of the need, geographic limitations,amount, and use of impact fees;

(3)  Transfers to reimburse other special funds forexpenditures which otherwise might have been funded with moneys in the highwaydevelopment special fund;

(4)  Transfers under sections 36-27 and 36-30;

(5)  Refunds under section 264-125; and

(6)  The department’s costs to implement this part,including but not limited to costs to administer the highway developmentspecial fund.

(c)  The department may establishaccounts in the highway development special fund as necessary to implement thispart and rules adopted by the department. [L 2004, c 155, pt of §2]