262A.8 Student fees to pay bonds.
Whenever bonds are issued by the state board of regents, it shall be the duty of said board to establish, impose, and collect student fees and charges at the institution on behalf of which such bonds are issued, and to adjust such student fees and charges from time to time, in order always to provide amounts which, together with the institutional income, will be sufficient to pay the principal of and interest on such bonds as the same become due and to maintain a reserve therefor, and said board is authorized to pledge a sufficient amount of the student fees and charges and institutional income received by such institution for this purpose. Student fees and charges and institutional income received by one institution shall not be used to discharge bonds issued for or on account of another institution. All bonds issued under the terms of this chapter shall be exempt from taxation by the state of Iowa and the interest thereon shall be exempt from the state income tax.
[C71, 73, 75, 77, 79, 81, §262A.8]
Referred to in §422.7(2)(n)
Structure Iowa Code
Title VII - EDUCATION AND CULTURAL AFFAIRS
Chapter 262A - UNIVERSITY BUILDINGS, FACILITIES, AND SERVICES — REVENUE BONDS
Section 262A.1 - Declaration of insufficient state revenue.
Section 262A.3 - Five-year program and two-year bond proposal submitted each year.
Section 262A.4 - Authorization of general assembly and governor.
Section 262A.5 - Borrowing money and issuing bonds.
Section 262A.6 - Form and condition of bonds.
Section 262A.6A - Iowa college super savings plan.
Section 262A.7 - Resolution of board and covenants undertaken.
Section 262A.8 - Student fees to pay bonds.
Section 262A.9 - Bond fund account.
Section 262A.10 - Bonds not state obligation.
Section 262A.11 - Bonds as security for investments.
Section 262A.12 - Application for gifts, loans, or grants.