Iowa § 256.87 - 256.87 Capital equipment replacement revolving fund.
Full text of Iowa Iowa Code § 256.87 — 256.87 Capital equipment replacement revolving fund., with citation guidance and answers to common questions.
§ 256.87. 256.87 Capital equipment replacement revolving fund.
1. A capital equipment replacement revolving fund is created in the state treasury. The revolving fund shall be administered by the board and shall consist of moneys collected by the division as fees and any other moneys obtained or accepted by the division for deposit in the revolving fund. 2. The board may expend moneys from the capital equipment replacement revolving fund to update facilities and purchase equipment for its operations. 3. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys in the revolving fund shall be credited to the revolving fund. Notwithstanding section 8.33, moneys in the revolving fund that remain unencumbered or unobligated at the close of the fiscal year shall not revert to any other fund but shall remain available in the revolving fund for the purposes designated. 93 Acts, ch 48, §44; 2012 Acts, ch 1132, §9 Referred to in §256.86 Thu Dec 11 19:18:55 2025 Iowa Code 2026, Section 256.87 (22, 0)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 256.87
What does Iowa Code § 256.87 cover?
Section 256.87 ("256.87 Capital equipment replacement revolving 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 § 256.87?
A common citation format is "Iowa Code § 256.87" (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 § 256.87 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.