159A.7 RENEWABLE FUELS AND COPRODUCTS FUND.
1. A renewable fuels and coproducts fund is created in the state
treasury under the control of the office of renewable fuels and
coproducts. The fund may include moneys available to and obtained or
accepted by the office, including moneys from the United States,
other states in the union, foreign nations, state agencies, political
subdivisions, and private sources.
2. Moneys in the fund shall be used only to carry out the
provisions of this section and sections 159A.3, 159A.4, 159A.5,
159A.6, 159A.6A, and 159A.6B within the state of Iowa.
3. Moneys in the fund shall be allocated during each fiscal year
as follows:
a. At least forty percent shall be dedicated to support
education, promotion, and advertising of renewable fuels and
coproducts as provided in section 159A.6.
b. Up to thirty percent may be dedicated to support research
at the university of Iowa, Iowa state university of science and
technology, and the university of northern Iowa, as provided in
section 159A.6A.
c. Any remaining balance shall be used by the office to
support technical assistance as provided in section 159A.6B and any
other projects or programs developed by the office.
4. Moneys in the fund are subject to an annual audit by the
auditor of state. The fund is subject to warrants by the director of
the department of administrative services, drawn upon the written
requisition of the coordinator.
5. In administering the fund, the office may do all of the
following:
a. Contract, sue and be sued, and adopt procedures necessary
to administer this section. However, the office shall not in any
manner, directly or indirectly, pledge the credit of the state.
b. Authorize payment from the fund for commissions, attorney
and accountant fees, and other reasonable expenses related to and
necessary for administering the fund.
6. Section 8.33 does not apply to moneys in the fund. Income
received by investment of moneys in the fund shall remain in the
fund.
159A.7 RENEWABLE FUELS AND COPRODUCTS FUND.
1. A renewable fuels and coproducts fund is created in the state
treasury under the control of the office of renewable fuels and
coproducts. The fund may include moneys available to and obtained or
accepted by the office, including moneys from the United States,
other states in the union, foreign nations, state agencies, political
subdivisions, and private sources.
2. Moneys in the fund shall be used only to carry out the
provisions of this section and sections 159A.3, 159A.4, 159A.5,
159A.6, 159A.6A, and 159A.6B within the state of Iowa.
3. Moneys in the fund shall be allocated during each fiscal year
as follows:
a. At least forty percent shall be dedicated to support
education, promotion, and advertising of renewable fuels and
coproducts as provided in section 159A.6.
b. Up to thirty percent may be dedicated to support research
at the university of Iowa, Iowa state university of science and
technology, and the university of northern Iowa, as provided in
section 159A.6A.
c. Any remaining balance shall be used by the office to
support technical assistance as provided in section 159A.6B and any
other projects or programs developed by the office.
4. Moneys in the fund are subject to an annual audit by the
auditor of state. The fund is subject to warrants by the director of
the department of administrative services, drawn upon the written
requisition of the coordinator.
5. In administering the fund, the office may do all of the
following:
a. Contract, sue and be sued, and adopt procedures necessary
to administer this section. However, the office shall not in any
manner, directly or indirectly, pledge the credit of the state.
b. Authorize payment from the fund for commissions, attorney
and accountant fees, and other reasonable expenses related to and
necessary for administering the fund.
6. Section 8.33 does not apply to moneys in the fund. Income
received by investment of moneys in the fund shall remain in the
fund.
159A.7 RENEWABLE FUELS AND COPRODUCTS FUND.
1. A renewable fuels and coproducts fund is created in the state
treasury under the control of the office of renewable fuels and
coproducts. The fund may include moneys available to and obtained or
accepted by the office, including moneys from the United States,
other states in the union, foreign nations, state agencies, political
subdivisions, and private sources.
2. Moneys in the fund shall be used only to carry out the
provisions of this section and sections 159A.3, 159A.4, 159A.5,
159A.6, 159A.6A, and 159A.6B within the state of Iowa.
3. Moneys in the fund shall be allocated during each fiscal year
as follows:
a. At least forty percent shall be dedicated to support
education, promotion, and advertising of renewable fuels and
coproducts as provided in section 159A.6.
b. Up to thirty percent may be dedicated to support research
at the university of Iowa, Iowa state university of science and
technology, and the university of northern Iowa, as provided in
section 159A.6A.
c. Any remaining balance shall be used by the office to
support technical assistance as provided in section 159A.6B and any
other projects or programs developed by the office.
4. Moneys in the fund are subject to an annual audit by the
auditor of state. The fund is subject to warrants by the director of
the department of administrative services, drawn upon the written
requisition of the coordinator.
5. In administering the fund, the office may do all of the
following:
a. Contract, sue and be sued, and adopt procedures necessary
to administer this section. However, the office shall not in any
manner, directly or indirectly, pledge the credit of the state.
b. Authorize payment from the fund for commissions, attorney
and accountant fees, and other reasonable expenses related to and
necessary for administering the fund.
6. Section 8.33 does not apply to moneys in the fund. Income
received by investment of moneys in the fund shall remain in the
fund.
