357I.13 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.
2008 Acts, ch 1124, §33
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.