Iowa Code (Last Updated: December 05, 2016) |
Title V. AGRICULTURE |
Chapter 184A. EXCISE TAX ON TURKEYS |
Section 184A.4. Administration of moneys.
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1. The assessments collected by the council as provided in section 184A.2 shall be deposited in the office of the treasurer of state in a special fund known as the Iowa turkey fund. The department of administrative services shall transfer moneys from the fund to the council for deposit into the turkey council account established by the council pursuant to this section. The department shall transfer the moneys as provided in a resolution adopted by the council. However, the department is only required to transfer moneys once during each day and only during hours when the offices of the state are open.
2. The council shall establish a turkey council account in a qualified financial institution. The council shall provide for the deposit of all of the following into the account:
a. The assessment collected, deposited in the Iowa turkey fund, and transferred to the council as provided in this section.
b. Moneys, other than assessments, including moneys in the form of gifts, rents, royalties, or license fees received by the council pursuant to section 184A.1C.
[C73, 75, 77, 79, 81, §184A.4]
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