Iowa § 15.412 - 15.412 Innovation and commercialization development fund.
Full text of Iowa Iowa Code § 15.412 — 15.412 Innovation and commercialization development fund., with citation guidance and answers to common questions.
§ 15.412. 15.412 Innovation and commercialization development fund.
1. a. An innovation and commercialization development fund is created in the state treasury under the control of the authority. The fund shall consist of moneys appropriated to the authority and any other moneys available to or obtained or accepted by the authority for placement in the fund. b. Payments of interest, repayments of moneys loaned pursuant to this section, and recaptures of financial assistance shall be credited to the fund. Moneys in the fund are not subject to section 8.33. Notwithstanding section 12C.7, interest or earnings on moneys in the fund shall be credited to the fund. 2. Moneys in the fund are appropriated to the authority and, with the approval of the board, shall be used to facilitate agreements and enhance commercialization in innovative businesses. Such moneys shall not be used for the support of retail businesses, health care businesses, or other businesses requiring a professional license. 3. Moneys in the fund may also be used for the following purposes: a. For assistance to entities engaged in prototype and concept development activities. b. For developing a statewide commercialization network. c. For establishing and administering the programs described in section 15.411. 2009 Acts, ch 82, §2; 2011 Acts, ch 118, §87, 89; 2012 Acts, ch 1126, §32; 2024 Acts, ch 1182, §137, 138; 2025 Acts, ch 30, §7 Referred to in §15.111, 15.116 Subsection 1, paragraph a amended Wed Dec 10 22:04:00 2025 Iowa Code 2026, Section 15.412 (32, 1)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 15.412
What does Iowa Code § 15.412 cover?
Section 15.412 ("15.412 Innovation and commercialization development fund.") is part of the Iowa Code, the codified statutory law of Iowa. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Iowa § 15.412?
A common citation format is "Iowa Code § 15.412" (Iowa). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Iowa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Iowa official source linked on this page or consult a licensed Iowa attorney.
How does Iowa § 15.412 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Iowa can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Iowa.