Iowa § 331.478 Noncurrent debt authorized

Iowa Statutes

§ 331.478 — Noncurrent debt authorized

Iowa § 331.478

Title IXLOCAL GOVERNMENT

Ch. 331COUNTY HOME RULE IMPLEMENTATION

This text of Iowa § 331.478 (Noncurrent debt authorized) 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 § 331.478 (2026).

Text

1.A county may contract indebtedness and issue bonds as otherwise provided by state law.

2.The board may by resolution authorize noncurrent debt as defined in subsection 3 which is payable from resources accruing after the end of the fiscal year in which the debt is incurred, in accordance with section 331.479, for any of the following purposes:

a.Expenditures for bridges or buildings destroyed by fire, flood, or other extraordinary casualty.

b.Expenditures incurred in the operation of the courts.

c.Expenditures for bridges which are made necessary by the construction of a public drainage improvement.

d.Expendituresforthebenefitofapersonentitledtoreceiveassistancefrompublicfunds.

e.Expenditures authorized by vote of the electorate.

f.Contracts executed on the basis of the budget su

Free access — add to your briefcase to read the full text and ask questions with AI

1. A county may contract indebtedness and issue bonds as otherwise provided by state
law.
2. The board may by resolution authorize noncurrent debt as defined in subsection 3
which is payable from resources accruing after the end of the fiscal year in which the debt is
incurred, in accordance with section 331.479, for any of the following purposes:
a. Expenditures for bridges or buildings destroyed by fire, flood, or other extraordinary
casualty.
b. Expenditures incurred in the operation of the courts.
c. Expenditures for bridges which are made necessary by the construction of a public
drainage improvement.
d. Expendituresforthebenefitofapersonentitledtoreceiveassistancefrompublicfunds.
e. Expenditures authorized by vote of the electorate.
f. Contracts executed on the basis of the budget submitted as provided in section 309.93.
g. Expenditures authorized by supervisors acting in the capacity of trustees or directors
of a drainage district or other special district.
h. Expenditures for land acquisition and capital improvements for county conservation
purposes not to exceed in any year the monetary equivalent of a tax of six and three-fourths
cents per thousand dollars of assessed value on all the taxable property in the county.
i. Expenditures for purposes for which counties may issue general obligation bonds
without an election under state law.
3. Noncurrent debt authorized by subsection 2 may take any of the following forms:
a. Anticipatory warrants subject to chapter 74. Anticipatory warrants drawn on the
secondary road fund are also subject to sections 309.46 through 309.55.
b. Advances from other funds.
c. Installment purchase contracts.
d. Other formal debt instruments or obligations other than bonds.
4. Noncurrent debt as defined in subsection 3 shall be retired from resources of the fund
from which the expenditure was made for which the debt was incurred.