Transportation investment moves the economy in the twenty-first century (TIME-21) fund.

1. A transportation investment moves the economy in the twenty-first century fund is created in the state treasury under the control of the department. The fund shall be known and referred to as the TIME-21 fund. The fund shall consist of any moneys appropriated by the general assembly and any revenues credited by law to the TIME-21 fund. Moneys in the fund are not subject to section 8.33 . Notwithstanding section 12C.7, subsection 2 , interest or earnings on moneys deposited in the fund shall be credited to the fund. 2. Notwithstanding subsection 1 and section 312.2 , for the fiscal year beginning July 1, 2008, and for each fiscal year thereafter, not more than a total of two hundred twenty-five million dollars shall be deposited in the TIME-21 fund for any fiscal year. Any remaining moneys directed to be deposited in the TIME-21 fund for a fiscal year shall be deposited or retained in the road use tax fund. 2007 Acts, ch 200, §2 ; 2009 Acts, ch 130, §45, 46 Referred to in §312.2