Iowa § 357E.11A Bonds and indebtedness — combined districts

Iowa Statutes

§ 357E.11A — Bonds and indebtedness — combined districts

Iowa § 357E.11A

Title IXLOCAL GOVERNMENT

Ch. 357ERECREATIONAL LAKE AND WATER QUALITY DISTRICTS

This text of Iowa § 357E.11A (Bonds and indebtedness — combined districts) 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 § 357E.11A (2026).

Text

1.Acombineddistrictmayborrowmoneyforitscorporatepurposes,butshallnotbecome indebted in any manner or for any purpose to an amount in the aggregate exceeding five percent on the value of the taxable property within the district, to be ascertained by the last state and county tax lists previous to the incurring of the indebtedness. Indebtedness within thislimitshallnotincludetheindebtednessofanyothermunicipalcorporationlocatedwholly or partly within the boundaries of the district.

2.Acombineddistrictshallhavethesamepowerstoissuebondsthatcitieshaveunderthe laws of this state, including but not limited to chapter 76, section 384.4, and sections 384.23 through 384.94. The bonds shall be made payable at the place and be of the form as the board of trustees shall by resolution designate. In the

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1. Acombineddistrictmayborrowmoneyforitscorporatepurposes,butshallnotbecome
indebted in any manner or for any purpose to an amount in the aggregate exceeding five
percent on the value of the taxable property within the district, to be ascertained by the last
state and county tax lists previous to the incurring of the indebtedness. Indebtedness within
thislimitshallnotincludetheindebtednessofanyothermunicipalcorporationlocatedwholly
or partly within the boundaries of the district.
2. Acombineddistrictshallhavethesamepowerstoissuebondsthatcitieshaveunderthe
laws of this state, including but not limited to chapter 76, section 384.4, and sections 384.23
through 384.94. The bonds shall be made payable at the place and be of the form as the board
of trustees shall by resolution designate. In the application of the laws to this section, the
words used in the laws referring to municipal corporations or to cities shall be held to include
combined districts organized under this chapter; the words “council” or “city council” shall
be held to include the board of trustees of a combined district; the words “mayor” and “clerk”
shall be held to include the president and clerk of a board of trustees; and like construction
shall be given to any other words in the laws where required to permit the exercise of the
powers by combined districts under this section.
3. Except for the issuance of refunding bonds, an indebtedness shall not be incurred
under this section until authorized by an election. The election shall be held and notice given
in the same manner as provided in section 357E.8, except that a proposition to authorize
indebtedness is approved if sixty percent of those voting on the proposition vote in favor of
the proposition. Subject to section 39.2, subsection 4, a proposition for the authorization
of indebtedness may be submitted to the voters at the same election as the election under
section 357E.8.