§ 313.64 — Financial statement annually

Iowa § 313.64

• Jurisdiction: Iowa
• Title VIII: TRANSPORTATION
• Ch. 313: PRIMARY ROADS

Text

1. Ifthedepartmentacceptstheofferofanybridgeoveraboundarystreamandentersinto
a written agreement in relation to the bridge as provided in sections 313.59 through 313.63,
this section, and section 313.65, the owner or operator of the bridge shall thereafter and
until all indebtedness or other obligations against the bridge have been paid and discharged
annually file with the department a sworn statement of its financial condition. The statement
shall show funds on hand and indebtedness at the beginning and end of the year, receipts,
disbursements, indebtedness retired during the year and any other information required by
the department to show the true and complete condition of the finances with respect to the
bridge and bridge approaches.
2. The annual budget of authorized operating and other expenditures for or on behalf of
such bridge and approaches shall be approved by the department before becoming effective.
Expenditures during the year shall not exceed the approved budget unless an increase in the
annual budget be likewise approved by the department.

Legislative History

[C46, §313.33; C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §313.64]