272.10 FEES. 1. It is the intent of the general assembly that licensing fees established by the board of educational examiners be sufficient to finance the activities of the board under this chapter. 2. Licensing fees are payable to the treasurer of state and shall be deposited with the executive director of the board. The executive director shall deposit twenty-five percent of the fees collected annually with the treasurer of state and the fees shall be credited to the general fund of the state. The remaining licensing fees collected during the fiscal year shall be retained by and are appropriated to the board for the purposes related to the board's duties. Notwithstanding section 8.33, licensing fees retained by and appropriated to the board pursuant to this section that remain unencumbered or unobligated at the close of the fiscal year shall not revert but shall remain available for expenditure for the activities of the board as provided in this chapter until the close of the succeeding fiscal year. 3. The executive director shall keep an accurate and detailed account of fees received, including fees paid to the treasurer of state and fees retained by the board. 4. The board shall submit a detailed annual financial report by January 1 to the chairpersons and ranking members of the joint appropriations subcommittee on education and the legislative services agency.
Section History: Early Form
[S13, § 2634-f1; C24, 27, 31, § 3867; C35, § 3872-e6; C39, § 3872.06; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 260.10]
Section History: Recent Form
86 Acts, ch 1245, § 1446; 89 Acts, ch 265, § 11 C93, § 272.10 2006 Acts, ch 1180, §23