Iowa § 390.15 Public bonds or obligations — types — sources for payment — security

Iowa Statutes

§ 390.15 — Public bonds or obligations — types — sources for payment — security

Iowa § 390.15

Title IXLOCAL GOVERNMENT

Ch. 390JOINT ELECTRICAL UTILITIES

This text of Iowa § 390.15 (Public bonds or obligations — types — sources for payment — security) 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 § 390.15 (2026).

Text

1.Except as otherwise expressly provided by this subchapter or by the electric power agency, every issue of public bonds or obligations of the electric power agency shall be payable out of any revenues or funds of the electric power agency, subject only to any agreements with the holders of particular public bonds or obligations pledging any particular revenues or funds.

2.An electric power agency may issue types of public bonds or obligations as it may determine, including public bonds or obligations as to which the principal and interest are payable exclusively from the revenues from one or more projects, or from an interest in such project or projects, or a right to capacity of such project or projects, or from any revenue-producing contract made by the electric power agency with any

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1. Except as otherwise expressly provided by this subchapter or by the electric power
agency, every issue of public bonds or obligations of the electric power agency shall be
payable out of any revenues or funds of the electric power agency, subject only to any
agreements with the holders of particular public bonds or obligations pledging any particular
revenues or funds.
2. An electric power agency may issue types of public bonds or obligations as it may

determine, including public bonds or obligations as to which the principal and interest
are payable exclusively from the revenues from one or more projects, or from an interest
in such project or projects, or a right to capacity of such project or projects, or from any
revenue-producing contract made by the electric power agency with any person, or from its
revenues generally.
3. Any public bonds or obligations may be additionally secured by a pledge of any grant,
subsidy, or contribution from any public agency or other person, or a pledge of any income
or revenues, funds, or moneys of the electric power agency from any other source.