99G.38 - AUTHORITY FINANCE -- SELF-SUSTAINING. - Iowa Statutes

99G.38 AUTHORITY FINANCE -- SELF-SUSTAINING. 1. The authority may borrow, or accept and expend, in accordance with the provisions of this chapter, such moneys as may be received from any source, including income from the authority's operations, for effectuating its business purposes, including the payment of the initial expenses of initiation, administration, and operation of the authority and the lottery. 2. The authority shall be self-sustaining and self-funded. Moneys in the general fund of the state shall not be used or obligated to pay the expenses of the authority or prizes of the lottery, and no claim for the payment of an expense of the lottery or prizes of the lottery may be made against any moneys other than moneys credited to the authority operating account. 3. The state of Iowa offset program, as provided in section 8A.504, shall be available to the authority to facilitate receipt of funds owed to the authority.          Section History: Recent Form 2003 Acts, ch 178, §91, 121; 2003 Acts, ch 179, §63, 84, 142