97C.12 Contribution fund.
199 words·~1 min read·
/ia/chapter-97c-federal-social-security-enabling-act/97c-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. There is hereby established in the office of the treasurer of state a special fund to be known as the contribution fund. Such fund shall consist of, and there shall be deposited in such fund:
a. All taxes, interest, and penalties collected under sections 97C.5, 97C.10, and 97C.11.
b. All moneys appropriated thereto under this chapter.
c. Any property or securities and earnings thereof acquired through the use of moneys belonging to the fund.
d. Interest earned upon any moneys in the fund.
e. All sums recovered upon the bond of the custodian or otherwise for losses sustained by the fund and all other moneys received for the fund from any other source.
2. Subject to the provisions of this chapter, the state agency is vested with full power, authority and jurisdiction over the fund, including all moneys and property or securities belonging thereto, and may perform any and all acts whether or not specifically designated, which are necessary to the administration thereof and are consistent with the provisions of this chapter. All moneys in this fund shall be mingled and undivided.
[C54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §97C.12]
Referred to in §97C.5, 97C.14