House File 2258 - Enrolled House File 2258 AN ACT RELATING TO THE USES OF REMITTED SALES TAX REVENUE AND MONEYS FROM THE FLOOD MITIGATION FUND UNDER THE FLOOD MITIGATION PROGRAM AND INCLUDING APPLICABILITY PROVISIONS. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: Section 1. Section 418.13, subsection 1, Code 2018, is amended to read as follows: 1. Sales tax revenue remitted by the department of revenue to a governmental entity under section 418.12 or financial assistance received by a governmental entity pursuant to section 418.10 shall be deposited in the governmental entity’s flood project fund created for purposes of this chapter and shall be used to fund the costs of the governmental entity’s approved project , to reimburse the governmental entity for funds advanced internally or to help make payments on bonds incurred to pay for approved projects, and to pay principal and interest on bonds issued pursuant to section 418.14 , if applicable. Sec. 2. APPLICABILITY. This Act applies to the expenditure of funds from a flood project fund for projects approved by the

House File 2258, p. 2 flood mitigation board before, on, or after the effective date of this Act. ______________________________ LINDA UPMEYER Speaker of the House ______________________________ CHARLES SCHNEIDER President of the Senate I hereby certify that this bill originated in the House and is known as House File 2258, Eighty-seventh General Assembly. ______________________________ CARMINE BOAL Chief Clerk of the House Approved _______________, 2018 ______________________________ KIM REYNOLDS Governor