8A.431 - IOWA MANAGEMENT TRAINING SYSTEM -- TRAINING REVOLVING FUND. - Iowa Statutes

8A.431 IOWA MANAGEMENT TRAINING SYSTEM -- TRAINING REVOLVING FUND. 1. The department shall establish and administer an Iowa management training system for the state. 2. A training revolving fund is created in the state treasury under the control of the department. The moneys credited to the fund shall be used for the purpose of paying actual and necessary expenses incurred by the department in administering the training system. All fees, grants, or specific appropriations for this purpose shall be credited to the fund. The fees for the training system courses shall be set by the director to cover the costs of course development, training materials, facilities and equipment, professional instructors, and administration. The fees shall be paid to the department by the state agency sending the employees for training and the payment shall be credited to the training revolving fund. Notwithstanding section 8.33, moneys in the revolving fund shall not revert. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys deposited in the fund shall be credited to the fund.          Section History: Recent Form 2003 Acts, ch 145, §67