12E.17 Dissolution of the authority.
The authority shall dissolve no later than two years from the date of final payment of all outstanding bonds and the satisfaction of all outstanding obligations of the authority, except to the extent necessary to remain in existence to fulfill any outstanding covenants or provisions with bondholders or third parties made in accordance with this chapter. Upon dissolution of the authority, all assets of the authority shall be returned to the state and shall be deposited in the general fund of the state, unless otherwise directed by the general assembly, and the authority shall execute any necessary assignments or instruments, including any assignment of any right, title, or ownership to the state for receipt of payments under the master settlement agreement.
2000 Acts, ch 1208, §17, 25; 2001 Acts, ch 164, §18, 21; 2008 Acts, ch 1186, §17, 19
Structure Iowa Code
Title I - STATE SOVEREIGNTY AND MANAGEMENT
Chapter 12E - TOBACCO SETTLEMENT AUTHORITY
Section 12E.3 - Tobacco settlement authority — created — purposes — powers — restrictions.
Section 12E.3A - Endowment for Iowa’s health account — purposes.
Section 12E.4 - Powers not restricted — law complete in itself.
Section 12E.5 - Governing board.
Section 12E.6 - Staff — assistance by state officers, agencies, and departments.
Section 12E.7 - Limitation of liability.
Section 12E.8 - General powers.
Section 12E.9 - Authorization of the sale of rights in the master settlement agreement.
Section 12E.10 - Tobacco settlement program plan.
Section 12E.11 - Authority — bonds.
Section 12E.12 - Tobacco settlement trust fund — established — investment — liability.
Section 12E.13 - Moneys of the authority.
Section 12E.14 - Exemption from competitive bid laws.
Section 12E.15 - Annual report.