312.2A Restrictions on use.
Moneys credited pursuant to section 312.2, subsection 1, paragraphs “b” and “c”, and section 312.2, subsection 12, paragraph “a”, shall not be used for debt service or to otherwise pay principal and interest on bonds, loans, or other indebtedness issued or incurred on or after February 25, 2015, including refunding, reissuance, or other refinancing of such indebtedness, or refunding, reissuance, or other refinancing of indebtedness issued or incurred prior to February 25, 2015, if the term for repayment of the indebtedness as financed or refinanced would exceed the useful life of the asset being constructed, reconstructed, improved, repaired, equipped, or maintained.
2015 Acts, ch 2, §1, 14
Referred to in §331.443A
Structure Iowa Code
Chapter 312 - ROAD USE TAX FUND
Section 312.2 - Allocations from fund.
Section 312.2A - Restrictions on use.
Section 312.3 - Apportionment to counties and cities.
Section 312.3A - Street research fund.
Section 312.3B - Iowa county engineers association service bureau support fund.
Section 312.3C - Secondary road fund distribution committee.
Section 312.3D - Street construction fund distribution advisory committee.
Section 312.4 - Treasurer’s report to the department of transportation.
Section 312.5 - Division of farm-to-market road funds.
Section 312.6 - Limitation on use of funds.
Section 312.7 - Balance maintained in fund.
Section 312.8 - Amana colonies.
Section 312.9 - Fund not for personnel expense.
Section 312.11 - Accounts of expenditures.
Section 312.12 - Program submitted.
Section 312.14 - Cities to submit report.