Iowa § 260C.32 Trusts

Iowa Statutes

§ 260C.32 — Trusts

Iowa § 260C.32

Title VIIEDUCATION, HISTORY, AND CULTURE

Ch. 260CCOMMUNITY COLLEGES

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Bluebook

Iowa Code § 260C.32 (2026).

Text

The board of a merged area may accept and administer trusts and may authorize nonprofit
foundations acting solely for the support of the community college to accept and administer
trusts deemed by the board to be beneficial to the operation of the community college.
Notwithstanding section 633.63, the board and the nonprofit foundations may act as trustees
in these instances. The board shall require that moneys belonging to a nonprofit foundation
are audited annually.
[82 Acts, ch 1121, §1]
C83, §280A.32

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The board of a merged area may accept and administer trusts and may authorize nonprofit
foundations acting solely for the support of the community college to accept and administer
trusts deemed by the board to be beneficial to the operation of the community college.
Notwithstanding section 633.63, the board and the nonprofit foundations may act as trustees
in these instances. The board shall require that moneys belonging to a nonprofit foundation
are audited annually.
[82 Acts, ch 1121, §1]
C83, §280A.32