1. The department shall establish a community attraction and tourism development fund consisting of any moneys appropriated by the general assembly for that purpose and any other moneys available to and obtained or accepted by the department for placement in the fund.
2. Payments of interest, repayments of moneys loaned pursuant to this part, and recaptures of awards shall be deposited in the fund.
3. The fund shall be used to provide grants, loans, forgivable loans, and loan guarantees under the community attraction and tourism development program established in section 15.371.
4. Moneys in the fund are not subject to section 8.33. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys in the fund shall be credited to the fund.
99 Acts, ch 204, §24
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