Section 418.16 – Flood recovery fund.
418.16 Flood recovery fund. 1. A flood recovery fund is established in the state treasury under the control of the board. The fund shall consist of moneys appropriated to the fund by the general assembly and any other moneys available to, obtained by, or accepted by the board for deposit in the fund. Moneys in […]
Section 418.13 – Flood project fund.
418.13 Flood project fund. 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 […]
Section 418.14 – Bond issuance.
418.14 Bond issuance. 1. a. A governmental entity receiving sales tax revenues pursuant to this chapter is authorized to issue bonds that are payable from revenues deposited in the governmental entity’s flood project fund created pursuant to section 418.13 for the purpose of funding a project in the area from which sales tax revenues will […]
Section 418.15 – Durational limitation on use of revenues — property disposition.
418.15 Durational limitation on use of revenues — property disposition. 1. a. A governmental entity shall not receive remittances of sales tax revenue under this chapter after twenty years from the date the governmental entity’s project was approved by the board or after expiration of the additional period of years if approved under paragraph “b” […]
Section 418.1 – Definitions.
418.1 Definitions. For purposes of this chapter, unless the context otherwise requires: 1. “Base year” means the fiscal year ending during the calendar year in which the governmental entity’s project is approved by the board under section 418.9. 2. “Board” means the flood mitigation board as created in section 418.5. 3. “Department” means the department […]
Section 418.2 – Reserved
418.2 Reserved Reserved.
Section 418.3 – Reserved
418.3 Reserved Reserved.
Section 418.4 – Projects.
418.4 Projects. 1. a. A governmental entity may use the moneys in its flood project fund established pursuant to section 418.13 to fund projects that meet the requirements of this section. b. A governmental entity as defined in section 418.1, subsection 4, paragraph “c”, shall have the power to construct, acquire, own, repair, improve, operate, […]
Section 418.5 – Flood mitigation board.
418.5 Flood mitigation board. 1. The flood mitigation board is established consisting of nine voting members and five ex officio, nonvoting members, and is located for administrative purposes within the department. The director of the department shall provide office space, staff assistance, and necessary supplies and equipment for the board. The director shall budget funds […]
Section 418.6 – Expenses of board members.
418.6 Expenses of board members. The voting members of the board are entitled to receive reimbursement for actual expenses incurred while engaged in the performance of official duties. A member of the board is not eligible to receive the additional expense allowance provided in section 7E.6, subsection 2. 2012 Acts, ch 1094, §7, 18