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