Section 253.177

Title XVI CONSERVATION, RESOURCES AND DEVELOPMENT

Chapter 253

Effective - 28 Aug 2019   

  253.177.  Rock Island Trail State Park endowment fund created — use of moneys — refunds, when. — 1.  There is hereby created in the state treasury the "Rock Island Trail State Park Endowment Fund".  The fund shall be administered by the department of natural resources.  Any grant, gift, donation, devise, or bequest of moneys, funds, real or personal property, or other assets to the department of natural resources for the operation, maintenance, development, or security of any portion of the former Chicago, Rock Island, and Pacific Railroad corridor located east of milepost 215.325 shall be deposited with the state treasurer to the credit of the fund.  All income, interest, rights, or rent earned through the operation of the fund shall also be credited to the fund.

  2.  The Rock Island Trail State Park endowment fund shall be used by the department of natural resources for the purpose of operating, maintaining, developing, and securing any portion of the former Chicago, Rock Island, and Pacific Railroad corridor located east of milepost 215.325 that is owned, leased, or operated by the department of natural resources and for no other purpose.  Any funds previously deposited into the state park earnings fund created in section 253.090 for such purpose are hereby transferred into the Rock Island Trail State Park endowment fund.

  3.  The state treasurer shall be the custodian of all moneys, bonds, securities, interests, and rights therein deposited in the state treasury to the credit of the Rock Island Trail State Park endowment fund and shall invest the moneys in the fund in a manner as provided by law.

  4.  Funds from the Rock Island Trail State Park endowment fund shall be expended, refunded, or transferred only upon appropriation by the general assembly.  Notwithstanding the provisions of section 33.080 to the contrary, any moneys remaining in the fund at the end of the biennium shall not revert to the credit of the general revenue fund.

  5.  If the United States Surface Transportation Board vacates the Notice of Interim Trail Use (NITU) issued in a decision served on February 26, 2015, in docket number AB-1068 (Sub-No. 3X), any moneys in the fund may be refunded to the individuals or entities that have made contributions to the fund or may be transferred to a new trail sponsor or other entity that has accepted responsibility for management of any portion of the former Chicago, Rock Island, and Pacific Railroad corridor located east of milepost 215.325 as a public recreational trail under a new NITU subject to the National Trails System Act, 16 U.S.C. Section 1241, et seq.

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(L. 2019 S.B. 196)