Senate
File
154
-
Introduced
SENATE
FILE
154
BY
ZAUN
,
CHELGREN
,
CHAPMAN
,
JOHNSON
,
HOUSER
,
BEHN
,
FEENSTRA
,
and
ROZENBOOM
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
1954XS
(3)
85
dea/nh
S.F.
154
Section
1.
Section
312.1,
subsection
1,
Code
2013,
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
created
in
8
section
312.1,
the
amount
equal
to
one
percent
of
the
adjusted
9
revenue
estimate,
as
provided
in
section
8.54,
subsection
1,
10
paragraph
“a”
,
calculated
for
that
fiscal
year.
11
EXPLANATION
12
This
bill
provides
for
an
annual
transfer
of
revenue
from
the
13
general
fund
of
the
state
to
the
road
use
tax
fund.
The
amount
14
of
the
transfer
shall
be
the
amount
equal
to
1
percent
of
the
15
adjusted
revenue
estimate
for
the
general
fund
calculated
for
16
the
year
in
which
the
transfer
is
made.
17
-1-
LSB
1954XS
(3)
85
dea/nh
1/
1