Iowa Code Title VII. Education and Cultural Affairs [Chs. 256-305B] § 256.189. Administration by commission--rules

1. The commission shall administer this program and shall do all of the following:

2. The commission may require an accredited private institution to promptly furnish any information which the commission may request in connection with the tuition grant program.

3. An Iowa tuition grants fund is established in the state treasury.  The fund shall be administered by the commission and shall consist of moneys appropriated by the general assembly and other moneys received by the commission for deposit in the fund.  The moneys in the fund are appropriated to the commission for purposes of providing tuition grants to qualified students who are enrolled in accredited private institutions.  Notwithstanding section 8.33, moneys in the fund at the close of the fiscal year shall not revert to the general fund of the state but shall remain available for expenditure for purposes of providing tuition grants to qualified students who are enrolled in accredited private institutions for subsequent fiscal years.  Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys in the fund shall be credited to the fund and are appropriated to the commission for purposes of administering any scholarship or grant program described in this subchapter VII, part 4.