324A.6 - PUBLIC TRANSIT ASSISTANCE MONEYS. - Iowa Statutes

324A.6 PUBLIC TRANSIT ASSISTANCE MONEYS. 1. Moneys appropriated for purposes of public transit assistance under this chapter shall be expended for providing assistance to public transit for the development, improvement, and maintenance of public transit systems. Moneys received by the department by agreements, grants, gifts, or other means from individuals, companies or other business entities, or cities and counties for the purposes stated in this section shall be credited to the general fund of the state. Moneys received by the department by agreements, grants, gifts, or other means and deposited into the state general fund as a result of this subsection are appropriated to the department for purposes of this subsection. 2. The department may enter into agreements with public transit systems, the United States government, cities, counties, business entities, or other persons for carrying out the purposes of this section. 3. The department may accept federal funds to carry out this section. Federal funds received under this section are appropriated for the purposes set forth in the federal grants. 4. Notwithstanding chapter 8, funds appropriated for public transit purposes to implement a state assistance plan shall be allocated in whole or in part to a public transit system prior to the time actual expenditures are incurred if the allocation is first approved by the department. A public transit system shall make application for advance allocations to the department specifically stating the reasons why an advance allocation is required and this allocation shall be included in the total to be audited.          Section History: Recent Form 84 Acts, ch 1151, § 1 C85, § 601J.6 86 Acts, ch 1245, § 1968; 91 Acts, ch 260, §1249 C93, § 324A.6 93 Acts, ch 131, § 13; 94 Acts, ch 1107, §52