357I.12 Bonds in anticipation of revenue.
A district may anticipate the collection of taxes by the levy authorized in this chapter, and to carry out the purposes of this chapter may issue bonds payable in not more than ten equal installments with the rate of interest not exceeding that permitted by chapter 74A. An indebtedness shall not be incurred under this chapter until authorized by an election. The election shall be held and notice given in the same manner as provided in section 357I.8, and the same sixty percent vote shall be necessary to authorize indebtedness. Both propositions may be submitted to the voters at the same election.
2008 Acts, ch 1124, §32
Structure Iowa Code
Chapter 357I - BENEFITED SECONDARY ROAD SERVICES DISTRICTS
Section 357I.2 - Petition for public hearing.
Section 357I.3 - Limitation on area and property comprising district.
Section 357I.4 - Time of hearing.
Section 357I.5 - Action by board.
Section 357I.7 - Hearing on engineer’s report.
Section 357I.8 - Election on proposed levy and candidates for trustees.
Section 357I.9 - Trustees — term and qualification.
Section 357I.10 - Trustees’ powers.
Section 357I.11 - Revenues excluded from county general fund transfers.
Section 357I.12 - Bonds in anticipation of revenue.