Iowa § 260C.20 Payment of bonds

Iowa Statutes

§ 260C.20 — Payment of bonds

Iowa § 260C.20

Title VIIEDUCATION, HISTORY, AND CULTURE

Ch. 260CCOMMUNITY COLLEGES

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Bluebook

Iowa Code § 260C.20 (2026).

Text

Taxes for the payment of bonds issued under section 260C.19 shall be levied in accordance
with chapter 76. The bonds shall be payable from a fund created from the proceeds of
the taxes in not more than twenty years and bear interest at a rate not exceeding the rate
permitted by chapter 74A, and shall be of the form as the board issuing the bonds shall by
19 COMMUNITY COLLEGES, §260C.22
resolution provide. Any indebtedness incurred shall not be considered an indebtedness
incurred for general and ordinary purposes.

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Taxes for the payment of bonds issued under section 260C.19 shall be levied in accordance
with chapter 76. The bonds shall be payable from a fund created from the proceeds of
the taxes in not more than twenty years and bear interest at a rate not exceeding the rate
permitted by chapter 74A, and shall be of the form as the board issuing the bonds shall by
19 COMMUNITY COLLEGES, §260C.22
resolution provide. Any indebtedness incurred shall not be considered an indebtedness
incurred for general and ordinary purposes.