§ 262A.8 — Student fees to pay bonds

Iowa § 262A.8

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

Text

Whenever bonds are issued by the state board of regents, it shall be the duty of said board
to establish, impose, and collect student fees and charges at the institution on behalf of which
suchbondsareissued, andtoadjustsuchstudentfeesandchargesfromtimetotime, inorder
always to provide amounts which, together with the institutional income, will be sufficient to
pay the principal of and interest on such bonds as the same become due and to maintain a
reservetherefor, andsaidboardisauthorizedtopledgeasufficientamountofthestudentfees
and charges and institutional income received by such institution for this purpose. Student
fees and charges and institutional income received by one institution shall not be used to
discharge bonds issued for or on account of another institution. All bonds issued under the
terms of this chapter shall be exempt from taxation by the state of Iowa and the interest
thereon shall be exempt from the state income tax.

Legislative History

[C71, 73, 75, 77, 79, 81, §262A.8]