294.13 General fund replacements.
The board of directors of said district shall each year at the meeting at which it estimates the amount required for the general fund, in accordance with the provisions of section 298.1, estimate the additional amount, if any, necessary to provide the required annual payments to surviving beneficiaries, which amount shall be levied by the board of supervisors in accordance with the provisions of section 298.8. Upon the death of the last beneficiary to survive, any balance remaining in said fund, including any undisposed of accumulations, shall be transferred to the general fund of said school district.
[C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §294.13]
Referred to in §294.12
Structure Iowa Code
Title VII - EDUCATION AND CULTURAL AFFAIRS
Section 294.1 - Qualifications — compensation prohibited.
Section 294.3 - State aid and tuition.
Section 294.4 - Daily register.
Section 294.8 - Pension system.
Section 294.10A - Pickup of teacher assessments.
Section 294.10B - Rights not transferable or subject to legal process — exceptions.
Section 294.11 - Termination resolution adopted.
Section 294.12 - Pension fund held for survivors upon termination.
Section 294.13 - General fund replacements.
Section 294.14 - Estimate of funds needed — levy.
Section 294.15 - Retirement allowance — teachers who retired before July 4, 1953.