Iowa Code Title III. Public Services and Regulation [Chs. 80-122C] § 91C.9. Registration fund

1. A contractor registration revolving fund is created in the state treasury. The revolving fund shall be administered by the director and shall consist of moneys collected by the director as fees. The director shall remit all fees collected pursuant to this chapter to the revolving fund. The moneys in the revolving fund are appropriated to and shall be used by the director to pay the actual costs and expenses necessary to perform the duties of the director and the department as described in this chapter. All salaries and expenses properly chargeable to the revolving fund shall be paid from the revolving fund.

2. Section 8.33 does not apply to any moneys in the revolving fund. Notwithstanding section 12C.7, subsection 2, earnings or interest on moneys deposited in the fund shall be credited to the revolving fund.