State law (Iowa Code
§§262.68-.69) allows the Board to make such rules as necessary to
provide for traffic control and parking.
Those rules are detailed in 681 IAC 4 and provide definitions,
general traffic directives, vehicle registration information, parking
facilities guidelines, parking privileges, and consequences for
violations of parking rules.
parking system is self-supporting and does not receive any state
appropriated funds. User
fees and fines support operation, maintenance, and capital improvements
of the parking systems.
Net revenues of the parking systems derived primarily from parking fees and fines must, at a minimum, meet the requirements of the bond convenants for outstanding parking bonds. The covenants for the bonds require the
Board and the institutions to keep the facilities in good repair,
working order, and operating condition.
As part of each
university's proposal to the Board for increases in parking and
violation rates, the universities are required to fully explain all
proposed changes to the parking system rate structures and provide a
preliminary budget based on the proposed rates.