Senate
File
212
-
Introduced
SENATE
FILE
212
BY
ZAUN
,
FEENSTRA
,
SINCLAIR
,
and
SCHULTZ
A
BILL
FOR
An
Act
providing
for
an
annual
transfer
of
revenue
from
the
1
general
fund
of
the
state
to
the
road
use
tax
fund.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
TLSB
1817XS
(4)
86
ns/nh
S.F.
212
Section
1.
Section
312.1,
subsection
1,
Code
2015,
is
1
amended
by
adding
the
following
new
paragraph:
2
NEW
PARAGRAPH
.
0e.
Revenue
transferred
from
the
general
3
fund
of
the
state
pursuant
to
section
312.10.
4
Sec.
2.
NEW
SECTION
.
312.10
Transfer
from
general
fund
of
5
the
state.
6
The
treasurer
of
state
shall
transfer
annually
from
the
7
general
fund
of
the
state
to
the
road
use
tax
fund
the
amount
8
equal
to
four
percent
of
the
adjusted
revenue
estimate,
9
as
provided
in
section
8.54,
subsection
1,
paragraph
“a”
,
10
calculated
for
that
fiscal
year.
11
EXPLANATION
12
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
13
the
explanation’s
substance
by
the
members
of
the
general
assembly.
14
This
bill
provides
for
an
annual
transfer
of
revenue
from
the
15
general
fund
of
the
state
to
the
road
use
tax
fund.
The
amount
16
of
the
transfer
shall
be
the
amount
equal
to
4
percent
of
the
17
adjusted
revenue
estimate
for
the
general
fund
calculated
for
18
the
year
in
which
the
transfer
is
made.
19
-1-
LSB
1817XS
(4)
86
ns/nh
1/
1