Iowa § 313A.20 No diminution of duties while bonds outstanding

Iowa Statutes

§ 313A.20 — No diminution of duties while bonds outstanding

Iowa § 313A.20

Title VIIITRANSPORTATION

Ch. 313AINTERSTATE BRIDGES

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Bluebook

Iowa Code § 313A.20 (2026).

Text

While any bonds issued by the department remain outstanding, the powers, duties or
existence of the department or of any other official or agency of the state shall not be
diminished or impaired in any manner that will affect adversely the interests and rights of
the holders of such bonds. The holder of any bond may by mandamus or other appropriate
proceeding require and compel the performance of any of the duties imposed upon any state
department, official, or employee or imposed upon the department or its officers, agents,
and employees in connection with the acquisition, purchase, construction, maintenance,
operation, and insurance of any bridge and in connection with the collection, deposit,
investment, application, and disbursement of all tolls and other revenues derived from
the oper

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While any bonds issued by the department remain outstanding, the powers, duties or
existence of the department or of any other official or agency of the state shall not be
diminished or impaired in any manner that will affect adversely the interests and rights of
the holders of such bonds. The holder of any bond may by mandamus or other appropriate
proceeding require and compel the performance of any of the duties imposed upon any state
department, official, or employee or imposed upon the department or its officers, agents,
and employees in connection with the acquisition, purchase, construction, maintenance,
operation, and insurance of any bridge and in connection with the collection, deposit,
investment, application, and disbursement of all tolls and other revenues derived from
the operation and use of any bridge and in connection with the deposit, investment, and
disbursement of the proceeds received from the issuance of bonds; provided, that the
enumeration of such rights and remedies herein shall not be deemed to exclude the exercise
or prosecution of any other rights or remedies by the holders of such bonds.