257B.1B - INTEREST FOR IOWA SCHOOLS FUND -- TRANSFER OF INTEREST. - Iowa Statutes

State Codes and Statutes

Statutes > Iowa > Title-7 > Subtitle-1 > Chapter-257b > 257b-1b

        257B.1B  INTEREST FOR IOWA SCHOOLS FUND -- TRANSFER OF
      INTEREST.
         An interest for Iowa schools fund is established in the office of
      treasurer of state.  The department of administrative services shall
      deposit interest earned on the permanent school fund in the interest
      for Iowa schools fund.  The treasurer shall transfer moneys in the
      interest for Iowa schools fund on a quarterly basis as follows:
         1.  For the fiscal year beginning July 1, 2008, and each
      succeeding fiscal year, fifty-five percent of the moneys deposited in
      the fund to the university of northern Iowa to assist school
      districts in developing reading recovery and literacy programs.
         2.  Forty-five percent of the moneys deposited in the fund to the
      credit of the international center endowment fund of the
      international center for gifted and talented education established in
      section 263.8A.

Section History: Recent Form

         86 Acts, ch 1246, § 141
         C87, § 302.1A
         88 Acts, ch 1012, §2; 88 Acts, ch 1284, §51; 89 Acts, ch 319, §
      77, 78
         C93, § 257B.1A
         95 Acts, ch 218, § 17; 96 Acts, ch 1184, §1, 2; 98 Acts, ch 1215,
      § 30
         C2001, §257B.1B
         2003 Acts, ch 145, §286; 2004 Acts, ch 1175, §92; 2005 Acts, ch
      169, §22, 35; 2008 Acts, ch 1181, §24

State Codes and Statutes

Statutes > Iowa > Title-7 > Subtitle-1 > Chapter-257b > 257b-1b

        257B.1B  INTEREST FOR IOWA SCHOOLS FUND -- TRANSFER OF
      INTEREST.
         An interest for Iowa schools fund is established in the office of
      treasurer of state.  The department of administrative services shall
      deposit interest earned on the permanent school fund in the interest
      for Iowa schools fund.  The treasurer shall transfer moneys in the
      interest for Iowa schools fund on a quarterly basis as follows:
         1.  For the fiscal year beginning July 1, 2008, and each
      succeeding fiscal year, fifty-five percent of the moneys deposited in
      the fund to the university of northern Iowa to assist school
      districts in developing reading recovery and literacy programs.
         2.  Forty-five percent of the moneys deposited in the fund to the
      credit of the international center endowment fund of the
      international center for gifted and talented education established in
      section 263.8A.

Section History: Recent Form

         86 Acts, ch 1246, § 141
         C87, § 302.1A
         88 Acts, ch 1012, §2; 88 Acts, ch 1284, §51; 89 Acts, ch 319, §
      77, 78
         C93, § 257B.1A
         95 Acts, ch 218, § 17; 96 Acts, ch 1184, §1, 2; 98 Acts, ch 1215,
      § 30
         C2001, §257B.1B
         2003 Acts, ch 145, §286; 2004 Acts, ch 1175, §92; 2005 Acts, ch
      169, §22, 35; 2008 Acts, ch 1181, §24

State Codes and Statutes

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State Codes and Statutes

Statutes > Iowa > Title-7 > Subtitle-1 > Chapter-257b > 257b-1b

        257B.1B  INTEREST FOR IOWA SCHOOLS FUND -- TRANSFER OF
      INTEREST.
         An interest for Iowa schools fund is established in the office of
      treasurer of state.  The department of administrative services shall
      deposit interest earned on the permanent school fund in the interest
      for Iowa schools fund.  The treasurer shall transfer moneys in the
      interest for Iowa schools fund on a quarterly basis as follows:
         1.  For the fiscal year beginning July 1, 2008, and each
      succeeding fiscal year, fifty-five percent of the moneys deposited in
      the fund to the university of northern Iowa to assist school
      districts in developing reading recovery and literacy programs.
         2.  Forty-five percent of the moneys deposited in the fund to the
      credit of the international center endowment fund of the
      international center for gifted and talented education established in
      section 263.8A.

Section History: Recent Form

         86 Acts, ch 1246, § 141
         C87, § 302.1A
         88 Acts, ch 1012, §2; 88 Acts, ch 1284, §51; 89 Acts, ch 319, §
      77, 78
         C93, § 257B.1A
         95 Acts, ch 218, § 17; 96 Acts, ch 1184, §1, 2; 98 Acts, ch 1215,
      § 30
         C2001, §257B.1B
         2003 Acts, ch 145, §286; 2004 Acts, ch 1175, §92; 2005 Acts, ch
      169, §22, 35; 2008 Acts, ch 1181, §24