Iowa § 390.25 Pledge of revenue as security

Iowa Statutes

§ 390.25 — Pledge of revenue as security

Iowa § 390.25

Title IXLOCAL GOVERNMENT

Ch. 390JOINT ELECTRICAL UTILITIES

This text of Iowa § 390.25 (Pledge of revenue as 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 § 390.25 (2026).

Text

An electric power agency may pledge its rates, rents, and other revenues, or any part of
such rates, rents, and revenues, as security for the repayment, with interest and redemption
premiums, if any, of the moneys borrowed by the electric power agency or advanced to the
electric power agency for any of its authorized purposes and as security for the payment of
moneys due and owed by the electric power agency under any contract.

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An electric power agency may pledge its rates, rents, and other revenues, or any part of
such rates, rents, and revenues, as security for the repayment, with interest and redemption
premiums, if any, of the moneys borrowed by the electric power agency or advanced to the
electric power agency for any of its authorized purposes and as security for the payment of
moneys due and owed by the electric power agency under any contract.