Iowa § 330A.15 Tax for purposes of an authority

Iowa Statutes

§ 330A.15 — Tax for purposes of an authority

Iowa § 330A.15

Title VIIITRANSPORTATION

Ch. 330AAVIATION AUTHORITIES

This text of Iowa § 330A.15 (Tax for purposes of an authority) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 330A.15 (2026).

Text

The governing body of a municipality after joining an authority and after determination by
the authority pursuant to planning studies may by ordinance provide for the assessment of
an annual levy not to exceed twenty-seven cents per one thousand dollars of assessed value
upon all the taxable property in such municipality for a period not to exceed forty years as
shall be agreed by the member municipalities or for such longer time as any revenue bonds
of an authority shall be outstanding or until such municipality withdraws from the authority,
whichever is sooner. A county which is a member municipality may levy such tax only upon
the property in the unincorporated area of such county. Such tax may be levied in excess of
any tax limitation imposed by statute. Such ordinance shall be enacted

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The governing body of a municipality after joining an authority and after determination by
the authority pursuant to planning studies may by ordinance provide for the assessment of
an annual levy not to exceed twenty-seven cents per one thousand dollars of assessed value
upon all the taxable property in such municipality for a period not to exceed forty years as
shall be agreed by the member municipalities or for such longer time as any revenue bonds
of an authority shall be outstanding or until such municipality withdraws from the authority,
whichever is sooner. A county which is a member municipality may levy such tax only upon
the property in the unincorporated area of such county. Such tax may be levied in excess of
any tax limitation imposed by statute. Such ordinance shall be enacted only after publication
of notice and hearing in the manner prescribed in section 330A.6. Upon such enactment, a
copy thereof shall be certified to the authority. An authority shall have the power to enforce
the collection of such levy by mandamus or other appropriate remedy and such levy shall
be collected in the manner other taxes are collected and allocated and paid to the authority
for the exclusive and proper use of the authority, including but not limited to the purchase
of land, and the acquiring, establishing, constructing, enlarging, operating, and maintaining
of aviation facilities. In addition to the purposes listed above, moneys in said fund may be
pledged to the payment of the principal, interest, and redemption premium, if any, on bonds
of the authority. Money paid to the authority pursuant to this section shall be deposited by
the authority in a special trust fund to be called the “........................ Authority Capital Reserve
Fund”. Member municipalities may, in addition, deposit money from current operating funds
in the capital reserve fund pursuant to agreement for the purpose of providing initial funds to
theauthoritytobeusedforfundingstudies,plans,andotherexpensesofanauthoritypending
receipt of funds from the annual levy herein authorized. Any such money so deposited shall
be considered a gift and is not repayable.