357E.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 credits for 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, in an amount necessary to pay all outstanding obligations of the district as they become due, until all outstanding obligations of the district are paid.
88 Acts, ch 1194, §12; 91 Acts, ch 111, §8
Structure Iowa Code
Chapter 357E - RECREATIONAL LAKE AND WATER QUALITY DISTRICTS
Section 357E.2 - Incorporation.
Section 357E.3 - Petition for public hearing.
Section 357E.4 - Time of public hearing.
Section 357E.5 - Hearing of petition — action by board.
Section 357E.7 - Hearing on engineer’s report.
Section 357E.8 - Election on proposed levy and candidates for trustees.
Section 357E.9 - Trustees — term and qualification.
Section 357E.10 - Board of trustees — power.
Section 357E.11 - Bonds in anticipation of revenue.
Section 357E.11A - Bonds and indebtedness — combined districts.
Section 357E.12 - Dissolution of district.
Section 357E.13 - Adding property to a district.