Iowa Administrative Code › Agency 761 - Transportation Department › Special Highway Programs › Chapter 163 - Rise Program › Rule 761-163.5 - Source, Allocation, and Use of Rise Funds

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Source.
The RISE program is funded with dedicated state motor
				fuel and special fuel tax revenues as set out in Iowa Code section
				312.2 and chapter 315.
(2)
Allocation and use.
a.
Allocation among roadway
				jurisdictions.
The RISE fund shall be allocated as specified in Iowa
				Code section 315.4.
b.
Funding restricted to public
				roads.
The use of RISE funds is restricted to construction or
				improvement of primary roads, secondary roads, city streets, state park roads
				and county conservation parkways presently open to public use or ones which
				will be dedicated and open to public use in the future. RISE funds may not be
				used for private road projects or for any other private purpose. Project
				activities which may and may not be funded under the RISE program are listed in
				rule 163.7(315).
c.
Use of
				county or city RISE funds on primary road projects.
Counties or cities
				may at their option make application to the department to apply RISE funds
				allocated for use on secondary road or city street projects toward primary road
				projects. Use of county or city RISE funds on primary road projects shall be
				approved by the commission.
d.
Type of projects.
The two types of projects which may be
				funded under the RISE program are immediate opportunity projects and local
				development projects. The requirements and procedures specifically applicable
				to the two project types are located in the following rules of this chapter:
(1) Immediate opportunity projects: Rule
				761-163.10(315).
(2) Local
				development projects: Rule
				761-163.11
				(315).
e.
Relationship of project.
The demonstrated relationship of a
				project to economic development shall generally be the main criterion employed
				in determining the priority for funding. The department is required to assign
				the lowest priority to a project if it involves a business with wages
				substantially below other area businesses or with a consistent record of law
				violations. In terms of project type, an immediate opportunity project shall
				have first priority for all available RISE funds.
f.
Use of repaid funds.
RISE
				funds repaid to the department for any reason may be used for other projects or
				carried over to the next programming cycle. RISE funds repaid shall be credited
				to the share of the fund from which the project was originally
				funded.
g.
Carryover of
				funds.
The commission need not commit the spending of all RISE funds
				available during a programming cycle. Uncommitted city funds may be carried
				over to the next programming cycle or used for immediate opportunity projects.
				On June 30 of each year, all uncommitted county funds shall be credited to the
				secondary road fund.
h.
Reserve for future needs and contingencies.
The commission
				shall monitor RISE fund commitments and expected RISE fund cash flow and take
				actions necessary to ensure that funds remain available for anticipated present
				and future immediate opportunity project needs and other contingencies. Such
				actions may include placing a moratorium on the receipt and award of local
				development RISE applications, placing a limit on RISE dollars awarded to each
				project, or taking other actions at the discretion of the
				commission.