Moneys provided to the department for railroad assistance under this chapter shall be expended for providing assistance for the restoration, conservation, improvement, and construction of railroad main lines, branch lines, switching yards and sidings. However, not more than twenty percent of the funds appropriated to the department for railroad assistance from the general fund of the state in any fiscal year shall be used for restoration, conservation, improvement, and construction of railroad main lines, switching yards and sidings. Any moneys received by the department by agreements, grants, gifts, or other means from individuals, companies, business entities, cities, or counties for the purposes of this section shall be credited to the general fund of the state.
Moneys received by or reimbursements made to the department pursuant to this section and sections 327I.7, subsection 14, and 327H.20 shall be deposited into the general fund of the state and all moneys received by the department by agreements, grants, gifts, or other means which were deposited into the state general fund as a result of this section are appropriated for state railroad assistance under this chapter. Moneys deposited into the general fund of the state pursuant to this section are subject to the requirements of section 8.60.
[C77, 79, 81, § 327H.18; 81 Acts, ch 116, § 1]
86 Acts, ch 1238, § 16; 87 Acts, ch 17, §9; 91 Acts, ch 260, §1228; 93 Acts, ch 131, §14; 94 Acts, ch 1107, §53
Referred to in §327H.20
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