261B.8  Registration fees — postsecondary education fund.
  1.  The commission shall set by rule and collect a nonrefundable initial registration fee and a renewal of registration fee from each registered school.
  2.  Fees shall be set by rule not more than once each year and shall be based upon the costs of administering this chapter.
  3.  A postsecondary registration fund is created in the state treasury under the control of the commission. Fees collected under this section shall be deposited in the postsecondary registration fund. Moneys in the fund are appropriated to the commission and shall be used by the commission to administer this chapter and chapter 261G. Notwithstanding section 8.33, moneys in the fund shall not revert to the general fund of the state at the end of a fiscal year. Notwithstanding section 12C.7, interest or earnings on moneys in the fund shall be credited to the fund.
84 Acts, ch 1098, §8; 96 Acts, ch 1158, §11; 2004 Acts, ch 1145, §7; 2009 Acts, ch 12, §11; 2014 Acts, ch 1063, §3

Subsection 3 amended