Iowa § 483A.54 Nonliability of the state and its officials

Iowa Statutes

§ 483A.54 — Nonliability of the state and its officials

Iowa § 483A.54

Title XINATURAL RESOURCES

Ch. 483AFISHING AND HUNTING LICENSES, CONTRABAND, AND GUNS

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Bluebook

Iowa Code § 483A.54 (2026).

Text

1.Bonds issued are special limited obligations of the commission and are not a debt or liabilityofthestateoranyotherpoliticalsubdivisionwithinthemeaningofanyconstitutional or statutory debt limitation and are not a pledge of the state’s credit or taxing power within the meaning of any constitutional or statutory limitation or provision and, except as provided in this subchapter, an appropriation shall not be made, directly or indirectly, by the state or any political subdivision of the state for the payment of bonds. The bonds are special obligations of the commission payable solely from the wildlife habitat bond fund. Funds from the general fund of the state shall not be used to pay interest or principal on the bonds if revenues deposited in the wildlife habitat bond fund are insufficien

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1. Bonds issued are special limited obligations of the commission and are not a debt or
liabilityofthestateoranyotherpoliticalsubdivisionwithinthemeaningofanyconstitutional
or statutory debt limitation and are not a pledge of the state’s credit or taxing power within
the meaning of any constitutional or statutory limitation or provision and, except as provided
in this subchapter, an appropriation shall not be made, directly or indirectly, by the state
or any political subdivision of the state for the payment of bonds. The bonds are special
obligations of the commission payable solely from the wildlife habitat bond fund. Funds from
the general fund of the state shall not be used to pay interest or principal on the bonds if
revenues deposited in the wildlife habitat bond fund are insufficient.
2. The members of the commission or other person executing the bonds is not personally
liable for the payment of the bonds. The bonds are valid and binding obligations of the
commission notwithstanding the fact that before the delivery of the bonds any of the officers
whose signatures appear on the bonds cease to be officers of the state. From and after the
sale and delivery of the bonds, they shall be incontestable by the commission.