Iowa § 357I.12 Bonds in anticipation of revenue

Iowa Statutes

§ 357I.12 — Bonds in anticipation of revenue

Iowa § 357I.12

Title IXLOCAL GOVERNMENT

Ch. 357IBENEFITED SECONDARY ROAD SERVICES DISTRICTS

This text of Iowa § 357I.12 (Bonds in anticipation of revenue) 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 § 357I.12 (2026).

Text

A district may anticipate the collection of taxes by the levy authorized in this chapter,
and to carry out the purposes of this chapter may issue bonds payable in not more than ten
equal installments with the rate of interest not exceeding that permitted by chapter 74A. An
indebtedness shall not be incurred under this chapter until authorized by an election. The
election shall be held and notice given in the same manner as provided in section 357I.8, and
the same sixty percent vote shall be necessary to authorize indebtedness. Subject to section
39.2, subsection 4, both propositions may be submitted to the voters at the same election.

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A district may anticipate the collection of taxes by the levy authorized in this chapter,
and to carry out the purposes of this chapter may issue bonds payable in not more than ten
equal installments with the rate of interest not exceeding that permitted by chapter 74A. An
indebtedness shall not be incurred under this chapter until authorized by an election. The
election shall be held and notice given in the same manner as provided in section 357I.8, and
the same sixty percent vote shall be necessary to authorize indebtedness. Subject to section
39.2, subsection 4, both propositions may be submitted to the voters at the same election.