260C.62 Accounts.
1. A certified copy of each resolution providing for the issuance of bonds or notes under this subchapter shall be filed with the treasurer of the institution on behalf of which the bonds or notes are issued and the treasurer shall keep and maintain separate accounts for each issue of bonds or notes in accordance with the covenants and directions set out in the resolution providing for the issuance of the bonds or notes. All rates, fees, or rentals collected for the use of and services provided by the residence halls and dormitories, including dining and other incidental facilities, at each institution shall be held in trust by the treasurer, separate and apart from all other funds, to be used only for the purposes specified in this subchapter and as may be required and provided for by the proceedings of the board authorizing the issuance of bonds or notes. The treasurer of each institution shall disburse funds from the proper account for the payment of the principal of and interest on the bonds or notes in accordance with the directions and covenants of the resolution authorizing the issuance of the bonds or notes.
2. If the amount of bonds or notes issued under this chapter exceeds the actual costs of the projects for which the bonds or notes were issued, the amount of the difference shall be used to pay the principal and interest due on bonds or notes issued under this chapter.
90 Acts, ch 1253, §64
C91, §280A.62
C93, §260C.62
2014 Acts, ch 1026, §67
Structure Iowa Code
Title VII - EDUCATION AND CULTURAL AFFAIRS
Chapter 260C - COMMUNITY COLLEGES
Section 260C.1 - Statement of policy.
Section 260C.3 - State board for community colleges.
Section 260C.4 - Duties of state board.
Section 260C.5 - Duties of director.
Section 260C.6 - Community colleges division in department.
Section 260C.11 - Governing board.
Section 260C.12 - Directors of merged area.
Section 260C.13 - Director districts.
Section 260C.14 - Authority of directors.
Section 260C.15 - Conduct of elections.
Section 260C.16 - Status of merged area.
Section 260C.17 - Preparation and approval of budget — tax.
Section 260C.18 - Other funds received.
Section 260C.18A - Workforce training and economic development funds.
Section 260C.18B - Community college budget review.
Section 260C.18C - State aid distribution formula.
Section 260C.18D - Instructor salary distribution formula.
Section 260C.19 - Acquisition of sites and buildings.
Section 260C.19A - Motor vehicles required to operate on alternative fuels.
Section 260C.19B - Purchase of biobased hydraulic fluids, greases, and other industrial lubricants.
Section 260C.19C - Purchase of designated biobased products.
Section 260C.20 - Payment of bonds.
Section 260C.21 - Election to incur indebtedness.
Section 260C.22 - Facilities levy by vote — borrowing — temporary cash reserve levy.
Section 260C.24 - Payment of appropriations.
Section 260C.28 - Tax for equipment replacement and program sharing.
Section 260C.29 - Academic incentives for minorities program — mission.
Section 260C.31 - Auxiliary enterprises.
Section 260C.33 - Joint action with board of regents.
Section 260C.34 - Uses of funds.
Section 260C.35 - Limitation on land.
Section 260C.36 - Quality faculty plan.
Section 260C.37 - Membership in association of school boards.
Section 260C.38 - Lease agreements for space.
Section 260C.39 - Combining merged areas — election.
Section 260C.40 - Prohibition of controlled substances.
Section 260C.42 - Payment of expenses.
Section 260C.44 - Apprenticeship programs.
Section 260C.45 - Quality instructional centers.
Section 260C.46 - Program and administrative sharing.
Section 260C.47 - Accreditation of community college programs.
Section 260C.48 - Standards for accrediting community college programs.
Section 260C.50 - Adult education and literacy programs.
Section 260C.56 - Definitions.
Section 260C.57 - Authorization — contracts — title.
Section 260C.58 - Bonds or notes.
Section 260C.59 - Rates and terms of bonds or notes.
Section 260C.60 - Issuance resolution.
Section 260C.61 - Rates, fees, and rentals — pledge.
Section 260C.63 - No obligation against state.
Section 260C.64 - Who may invest.
Section 260C.65 - Federal or other aid accepted.
Section 260C.66 - Reports to general assembly.
Section 260C.67 - Alternative method.
Section 260C.68 - Prior action legalized.
Section 260C.69 - Dormitory space priority.
Section 260C.70 - Ten-year program and two-year bonding estimate submitted each year.
Section 260C.71 - Community college bond program — definitions — funding — bonds and notes.
Section 260C.72 - Security — reserve funds — pledges — nonliability.