Iowa § 468.61 Surplus funds — application of

Iowa Statutes

§ 468.61 — Surplus funds — application of

Iowa § 468.61

Title XINATURAL RESOURCES

Ch. 468LEVEE AND DRAINAGE DISTRICTS AND IMPROVEMENTS

This text of Iowa § 468.61 (Surplus funds — application of) 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 § 468.61 (2026).

Text

When one-half or more of all assessments for a drainage or levee district have been paid
and it is ascertained that there will be a surplus in the district fund after all assessments
have been paid, the board may refund to the owner of each tract of land, not more than fifty
percent of the owner’s proportionate part of such surplus. When all construction work has
been completed and all cost paid, and all assessments have been paid in full, the board may
refund, totheownerofeachtractofland, theowner’sproportionatepartofanysurplusfunds
except such portion of the surplus as the board considers should be retained for a sinking
fund to pay future maintenance and repair costs.

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When one-half or more of all assessments for a drainage or levee district have been paid
and it is ascertained that there will be a surplus in the district fund after all assessments
have been paid, the board may refund to the owner of each tract of land, not more than fifty
percent of the owner’s proportionate part of such surplus. When all construction work has
been completed and all cost paid, and all assessments have been paid in full, the board may
refund, totheownerofeachtractofland, theowner’sproportionatepartofanysurplusfunds
except such portion of the surplus as the board considers should be retained for a sinking
fund to pay future maintenance and repair costs.