330A.10 Funds of an authority.
1. Moneys of an authority shall be paid to the treasurer of the authority who shall not commingle said moneys with any other moneys, but shall deposit them in a separate account or accounts. The moneys in said accounts shall be paid out by check of the treasurer on requisition of the chairperson of the authority, or of such other person, or persons, as the authority may authorize to make such requisition.
2. Notwithstanding subsection 1, an authority is hereby authorized, and shall have the right, to deposit any of its rates, fees, rentals, or other charges, receipts or income with any bank or trust company within the state and to deposit the proceeds of any bonds issued hereunder with any bank or trust company within the state, all as may be provided in any agreement with the holders of bonds issued hereunder.
[C71, 73, 75, 77, 79, 81, §330A.10]
2009 Acts, ch 133, §125; 2011 Acts, ch 34, §84
Structure Iowa Code
Chapter 330A - AVIATION AUTHORITIES
Section 330A.6 - Creation of an authority.
Section 330A.8 - Purposes and powers — general.
Section 330A.9 - Purposes and powers — bonds and notes.
Section 330A.10 - Funds of an authority.
Section 330A.11 - Transfer of existing facilities to authority.
Section 330A.12 - Award of contract.
Section 330A.13 - Acquisition of lands and property.
Section 330A.14 - Use of aviation facilities.
Section 330A.15 - Tax for purposes of an authority.
Section 330A.16 - Exemption from taxation.
Section 330A.17 - Statute complete and additional authority.
Section 330A.18 - Cooperation between municipalities and authorities.
Section 330A.19 - Eligibility as investments and security for public funds.