Iowa Code
Chapter 384 - CITY FINANCE
Section 384.82 - Authority — revenue bonds — pledge orders.

384.82 Authority — revenue bonds — pledge orders.
1. a. A city may carry out projects, borrow money, and issue revenue bonds and pledge orders to pay all or part of the cost of projects, which may include a qualified water resource restoration project, such revenue bonds and pledge orders to be payable solely and only out of the net revenues of the city utility, combined utility system, city enterprise, or combined city enterprise involved in the project. The cost of a project includes the construction contracts, interest upon the revenue bonds and pledge orders during the period or estimated period of construction and for twelve months thereafter, or for twelve months after the acquisition date, such reserve funds as the governing body may deem advisable in connection with the project and the issuance of revenue bonds and pledge orders, and the costs of engineering, architectural, technical and legal services, preliminary reports, surveys, property valuations, estimates, plans, specifications, notices, acquisition of real and personal property, consequential damages or costs, easements, rights-of-way, supervision, inspection, testing, publications, printing and sale of bonds and provisions for contingencies. A city may sell revenue bonds or pledge orders at public or private sale in the manner prescribed by chapter 75 and may deliver revenue bonds and pledge orders to the contractors, sellers, and other persons furnishing materials and services constituting a part of the cost of the project in payment therefor.
b. A city may deliver its revenue bonds to the federal government or any agency thereof which has loaned the city money for sanitary or solid waste projects, water projects or other projects for which the government has a loan program.
2. A city may issue revenue bonds or pledge orders to refund revenue bonds, pledge orders, and other obligations which are by their terms payable from the net revenues of the same city utility, combined utility system, city enterprise, or combined city enterprise, or from a city utility comprising a part of the combined utility system or a city enterprise comprising a part of the combined city enterprise, at lower, the same, or higher rates of interest. Upon a finding of necessity by the governing body, a city may issue revenue bonds or pledge orders to refund general obligation bonds to the extent the general obligation bonds were issued or the proceeds of them were expended for a city utility, city enterprise, or a portion of a combined city utility or city enterprise. These revenue bonds or pledge orders may be issued at lower, the same, or at higher rates of interest than the rates of the general obligation bonds being refunded. A city may sell refunding revenue bonds or pledge orders at public or private sale in the manner prescribed by chapter 75 and apply the proceeds to the payment of the obligations being refunded, and may exchange refunding revenue bonds or pledge orders in payment and discharge of the obligations being refunded. The principal amount of refunding revenue bonds or pledge orders may exceed the principal amount of the obligations being refunded to the extent necessary to pay a premium due on the call of the obligations being refunded, to fund interest accrued and to accrue on the obligations being refunded, to pay the costs of issuance of the refunding revenue bonds or pledge orders, and to fund such reserve funds as the governing body may deem advisable in connection with the issuance of the refunding revenue bonds or pledge orders.
[C31, §6134-d1; C35, §5903-f4, 6066-f6, 6134-d1, -f1; C39, §5903.15, 6066.29, 6134.01 – 6134.03; C46, §385.4, 394.6, 397.9 – 397.11; C50, §385.4, 390.9, 394.6, 397.9 – 397.11; C58, 62, 66, §385.4, 386B.10, 390.9, 394.6, 397.9 – 397.11; C71, 73, §385.4, 386B.10, 390.9, 390.16, 394.6, 397.9 – 397.11; C75, 77, 79, 81, §384.82; 81 Acts, ch 126, §1]
84 Acts, ch 1058, §1; 2009 Acts, ch 72, §5; 2010 Acts, ch 1061, §180
Referred to in §26.9, 357E.11A, 389.4, 390.5

Structure Iowa Code

Iowa Code

Title IX - LOCAL GOVERNMENT

Chapter 384 - CITY FINANCE

Section 384.1 - Taxes certified.

Section 384.2 - Fiscal year and tax year.

Section 384.3 - General fund.

Section 384.3A - Franchise fee account — use of franchise fee revenues.

Section 384.4 - Debt service fund.

Section 384.5 - Excess tax.

Section 384.6 - Trust and agency funds.

Section 384.7 - Capital improvements fund.

Section 384.8 - Emergency fund.

Section 384.9 - Additional funds.

Section 384.10 - Short-term loans.

Section 384.11 - Direct deposit of taxes.

Section 384.12 - Additional taxes.

Section 384.13 - City finance committee.

Section 384.14 - Office, expenses, compensation.

Section 384.15 - Duties — rules — law enforcement officer training reimbursement.

Section 384.15A - Resolution establishing maximum property tax dollars — notice — hearing.

Section 384.16 - City budget.

Section 384.17 - Levy by county.

Section 384.18 - Budget amendment.

Section 384.19 - Written protest.

Section 384.20 - Separate accounts.

Section 384.21 - Joint investment of funds.

Section 384.22 - Annual reports — financial report — urban renewal report.

Section 384.23 - Construction of words “and” and “or”.

Section 384.24 - Definitions.

Section 384.24A - Loan agreements.

Section 384.25 - General obligation bonds for essential purposes.

Section 384.26 - General obligation bonds for general purposes.

Section 384.27 - Sale of bonds.

Section 384.28 - Categories for general obligation bonds.

Section 384.29 - Form of bonds.

Section 384.30 - Execution.

Section 384.31 - Negotiable.

Section 384.32 - Tax to pay.

Section 384.33 - Action.

Section 384.34 - Local budget law.

Section 384.35 - Rule of construction.

Section 384.36 - Prior proceedings.

Section 384.37 - Definitions.

Section 384.38 - Certain costs assessed to private property.

Section 384.39 - Improvements brought to grade.

Section 384.40 - Underground improvements.

Section 384.41 - Petition by property owners.

Section 384.42 - Procedure on public improvement.

Section 384.43 - Preliminary plans.

Section 384.44 - Estimated cost.

Section 384.45 - Plats.

Section 384.46 - Lot valuations.

Section 384.47 - Schedule.

Section 384.48 - Adoption of plat.

Section 384.49 - Resolution of necessity.

Section 384.50 - Notice of hearing.

Section 384.51 - Adoption of resolution.

Section 384.52 - Detailed plans and specifications.

Section 384.53 - Procedures to let contract.

Section 384.54 - Confirmation by decree.

Section 384.55 - Notice of paving to water board.

Section 384.56 - State lands.

Section 384.57 - Monthly payments.

Section 384.58 - Inspection of work.

Section 384.59 - Assessment schedule.

Section 384.60 - Adoption of schedule.

Section 384.61 - Assessment of benefits.

Section 384.62 - Limit.

Section 384.63 - Insufficiency — certification to county treasurer — deficiency assessment.

Section 384.64 - Assessment to railway company.

Section 384.65 - Installments due.

Section 384.66 - Test of regularity.

Section 384.67 - Payment to county treasurer.

Section 384.68 - Bonds issued.

Section 384.69 - Property sold at tax sale.

Section 384.70 - Redemption by bondholder.

Section 384.71 - Costs paid from applicable funds.

Section 384.72 - Reassessment and relevy.

Section 384.73 - Void tax or assessment.

Section 384.74 - Correction of errors.

Section 384.75 - Special provisions.

Section 384.76 - Application to joint undertakings.

Section 384.77 - Assessments along railways.

Section 384.78 - Prior proceedings.

Section 384.79 - Conflicting provisions.

Section 384.80 - Definitions.

Section 384.81 - Provisions of city code exclusive — combined utility or enterprise.

Section 384.82 - Authority — revenue bonds — pledge orders.

Section 384.83 - Procedures for revenue bonds and pledge orders.

Section 384.84 - Rates and charges — billing and collection — contracts.

Section 384.84A - Special election.

Section 384.85 - Records — accounts — deposits.

Section 384.86 - Pledge valid and effective.

Section 384.87 - Payable from revenues.

Section 384.88 - Sole remedy.

Section 384.89 - Transfer of surplus.

Section 384.90 - Part payment from other bonds and other sources.

Section 384.91 - City to pay for services.

Section 384.92 - Statute of limitation.

Section 384.93 - Conflicting provisions.

Section 384.94 - Prior projects preserved.

Section 384.95 - Definitions.

Section 384.96 - Sealed bids.

Section 384.97 - Notice to bidders.

Section 384.98 - Bid security.

Section 384.99 - Award of contract.

Section 384.100 - Opening and considering bids.

Section 384.101 - Delegation of authority.

Section 384.102 - When hearing necessary.

Section 384.103 - Bonds authorized — emergency repairs.

Section 384.110 - Insurance, self-insurance, and risk pooling funds.

Section 384.120 - Definitions.