28J.14 Secretary to furnish bond — deposit and disbursement of funds.
Before receiving any revenues, the secretary of a port authority shall furnish a bond in such amount as shall be determined by the port authority with sureties satisfactory to the port authority, and all funds coming into the hands of the secretary shall be deposited by the secretary to the account of the port authority in one or more such depositories as shall be qualified to receive deposits of county funds, which deposits shall be secured in the same manner as county funds are required to be secured. A disbursement shall not be made from such funds except in accordance with policies and procedures adopted by the port authority.
2005 Acts, ch 150, §102
Structure Iowa Code
Title I - STATE SOVEREIGNTY AND MANAGEMENT
Chapter 28J - PORT AUTHORITIES
Section 28J.2 - Creation and powers of port authority.
Section 28J.3 - Appropriation and expenditure of public funds — dissolution.
Section 28J.4 - Joining an existing port authority.
Section 28J.5 - Membership of board of directors.
Section 28J.6 - Civil immunity of directors.
Section 28J.7 - Employees, advisory board, peace officers.
Section 28J.8 - Area of jurisdiction.
Section 28J.9 - Powers of port authority.
Section 28J.10 - Participation of private enterprise.
Section 28J.11 - Provisions do not affect other laws or powers.
Section 28J.12 - Conveyance, lease, or exchange of public property.
Section 28J.13 - Annual budget — use of rents and charges.
Section 28J.14 - Secretary to furnish bond — deposit and disbursement of funds.
Section 28J.15 - Limitation on certain powers of political subdivisions.
Section 28J.17 - Contracts, arrangements, and agreements.
Section 28J.18 - Revenue bonds are lawful investments.
Section 28J.19 - Property tax exemption.
Section 28J.21 - Issuance of revenue and refunding bonds and pledge orders.
Section 28J.22 - Bonds may be secured by trust agreement.
Section 28J.23 - Remedy of holder of bond or coupon — statute of limitations.
Section 28J.24 - Bonds are payable solely from revenues and funds pledged for payment.
Section 28J.25 - Funds and property held in trust — use and deposit of funds.
Section 28J.26 - Investment of excess funds.
Section 28J.28 - Final actions to be recorded — annual report — confidentiality of information.