257B.10 Uniform interest date.
If money is due to the permanent school fund, either for loans or deferred payments of the purchase price of land sold, the interest shall be made payable on the first day of January each year, and if the debtor fails to pay the interest within six months of the date it is due, the entire amount of both principal and interest shall become due, and the county auditor shall report the nonpayment to the school board, which may immediately commence action for the collection of the amount reported as due. This section is a part of a contract made by virtue of this chapter, whether expressed in the contract or not.
[R60, §1975, 1979; C73, §1854, 1855; C97, §2846; C24, 27, 31, 35, 39, §4478; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.10]
83 Acts, ch 185, §13, 62
C93, §257B.10
2011 Acts, ch 43, §1
Structure Iowa Code
Title VII - EDUCATION AND CULTURAL AFFAIRS
Section 257B.1A - Permanent fund.
Section 257B.1B - Interest for Iowa schools fund — transfer of interest.
Section 257B.2 - Lands and escheats.
Section 257B.4 - Division and appraisement.
Section 257B.5 - Notice — sale.
Section 257B.6 - Sale without appraisement.
Section 257B.7 - Sale on credit — taxation — waste.
Section 257B.8 - Sale of lands bid in.
Section 257B.9 - Cash or collateral security.
Section 257B.10 - Uniform interest date.
Section 257B.11 - School fund accounts — audit of losses.
Section 257B.12 - Bonds to cover losses.
Section 257B.17 - Liability of county.
Section 257B.18 - Exemption of county.
Section 257B.20 - Investment of permanent fund.
Section 257B.28 - Statute of limitation.
Section 257B.30 - Release of mortgage.
Section 257B.31 - School fund account — settlement.
Section 257B.32 - Notice of default.
Section 257B.33 - Suit — attorney fee.
Section 257B.34 - Bid at execution sale.
Section 257B.35 - Sheriff’s deed to state.
Section 257B.36 - Resale by state.
Section 257B.37 - Proceeds on resale.
Section 257B.38 - Excess — loss borne by county.
Section 257B.39 - Report as to sales — interest.
Section 257B.40 - Interest charged to counties.
Section 257B.41 - Uncollected interest.