Iowa Statutes
§ 419.7 — Application of proceeds limited
Iowa § 419.7
This text of Iowa § 419.7 (Application of proceeds limited) 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 § 419.7 (2026).
Text
The proceeds from the sale of any bonds, issued under authority of this chapter, shall be
applied only for the purpose for which the bonds were issued and if, for any reason, any
portionofsuchproceedsshallnotbeneededforthepurposeforwhichthebondswereissued,
such unneeded portion of said proceeds shall be applied to the payment of the principal or
the interest on said bonds. The cost of any project shall be deemed to include the actual
cost of acquiring a site or the cost of the construction of any part of a project which may
be constructed including architects’ and engineers’ fees, the purchase price of any part of a
project that may be acquired by purchase, all expenses in connection with the authorization,
sale and issuance of the bonds to finance such acquisition, an amount to be held as
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Legislative History
[C66, 71, 73, 75, 77, 79, 81, §419.7]
Nearby Sections
15
§ 419.1
Definitions§ 419.10
Default§ 419.12
Purchase§ 419.14
Eminent domain not available§ 419.15
Limitation of actions§ 419.16
Intent of law§ 419.17
Revenue bonds issued§ 419.2
Powers§ 419.3
Bonds as limited obligations§ 419.4
Pledge of revenues§ 419.5
Determination of rent§ 419.6
Refunding bondsCite This Page — Counsel Stack
Bluebook (online)
Iowa § 419.7, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/419.7.