357D.12 Dissolution of district.
Upon petition of thirty-five percent of the resident eligible electors, the board may dissolve a district and dispose of any remaining property, the proceeds of which shall first be applied against outstanding obligations and any balance shall be applied to tax credit of property owners of the district. However, if the district is annexed, the board of supervisors may transfer the remaining property and balance to the city which annexed the territory. The board shall continue to levy a tax after dissolution of a district, of not to exceed twenty-seven cents per thousand dollars of assessed value on all the taxable property of the district, until all outstanding obligations of the district are paid.
[82 Acts, ch 1174, §12]
91 Acts, ch 111, §6
Structure Iowa Code
Chapter 357D - LAW ENFORCEMENT DISTRICTS
Section 357D.2 - Petition for public hearing.
Section 357D.3 - Limitation on area.
Section 357D.4 - Time of hearing.
Section 357D.5 - Action by board.
Section 357D.7 - Hearing on engineer’s report.
Section 357D.8 - Election on proposed levy and candidates for trustees.
Section 357D.9 - Trustees — term and qualification.
Section 357D.10 - Trustees’ powers.
Section 357D.11 - Bonds in anticipation of revenue.
Section 357D.12 - Dissolution of district.
Section 357D.13 - Incorporation of district land.