§ 262A.12 — Application for gifts, loans, or grants

Iowa § 262A.12

• Jurisdiction: Iowa
• Title VII: EDUCATION, HISTORY, AND CULTURE
• Ch. 262A: UNIVERSITY BUILDINGS, FACILITIES, AND SERVICES — REVENUE BONDS

Text

The state board of regents is authorized to apply for and accept federal or nonfederal gifts,
loans, or grants of funds and to use the same to pay all or any part of the cost of carrying
out any project at any institution under the terms of this chapter or to use the same, together
with student fees and charges and institutional income, for the payment of debt service on
bonds issued and to be issued by the board pursuant to authority contained in this chapter,
in such manner as may be provided in the resolution authorizing the issuance of the bonds,
which grants of funds or other aid shall be considered to constitute and may be commingled
with student fees and charges and institutional income and may, together with such student
fees and charges and institutional income, be pledged by the board in accordance with the
provisions of this chapter and the bond resolution to the payment of debt service on bonds
issued by the board under the authority contained in this chapter.

Legislative History

[C71, 73, 75, 77, 79, 81, §262A.12]