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Code · Iowa · Chapter 16 — Iowa Finance Authority

16.57A Transfer of unobligated or unencumbered funds — report.

209 words·~1 min read·/ia/chapter-16-iowa-finance-authority/16-57a·

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1. Notwithstanding any other provision of law to the contrary, the authority may transfer any unobligated and unencumbered moneys in any revolving loan program fund created pursuant to section 16.46, 16.47, 16.48, or 16.49, for deposit in the disaster recovery housing assistance fund created in section 16.57B.
2. Notwithstanding section 8.39, and any other law to the contrary, with the prior written consent and approval of the governor, the director of the authority may transfer any unobligated and unencumbered moneys in any fund created pursuant to section 16.5, subsection 1, paragraph “s”, for deposit in the disaster recovery housing assistance fund created in section 16.57B. The prior written consent and approval of the director of the department of management shall not be required to transfer the unobligated and unencumbered moneys.
3. Notwithstanding section 8.39, and any other law to the contrary, with the prior written approval of the governor, the director of the economic development authority may transfer any unobligated and unencumbered moneys in any fund created pursuant to section 15.106A, subsection 1, paragraph “o”, for deposit in the disaster recovery housing assistance fund created in section 16.57B.
4. Any transfer made under this section shall be reported in the same manner as provided in section 8.39, subsection 5.
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