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



(1)  Transfers of county impact fees assessed under part
VIII 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 special
fund shall be used for the following purposes:



(1)  Capital costs of qualifying proposed state
highway improvements;



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



(3)  Transfers to reimburse other special funds for
expenditures which otherwise might have been funded with moneys in the highway
development 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 development
special fund.



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