390.14 Public bonds or obligations payable solely from agency revenues or funds.
1. The principal of and interest on any public bonds or obligations issued by an electric power agency shall be payable solely from the revenues or funds pledged or available for their payment as authorized in this subchapter.
2. Each public bond or obligation shall contain all of the following terms:
a. That the principal of or interest on such public bonds or obligations is payable solely from revenues or funds of the electric power agency.
b. That neither the state or a political subdivision of the state other than the electric power agency, nor a public agency that is a member of the electric power agency is obligated to pay the principal or interest on such public bonds or obligations.
c. That neither the full faith and credit nor the taxing power of the state, of any political subdivision of the state, or of any such public agency is pledged to the payment of the principal of or the interest on the public bonds or obligations.
2001 Acts, 1st Ex, ch 4, §22, 36
CS2001, §476A.25
2010 Acts, ch 1018, §12
C2011, §390.14
Structure Iowa Code
Chapter 390 - JOINT ELECTRICAL UTILITIES
Section 390.2 - Additional power.
Section 390.3 - Hearing — exception to general statutes.
Section 390.4 - Undivided joint interest.
Section 390.7 - Construction of amendments.
Section 390.8 - Equity investment in independent transmission company.
Section 390.8A - Transmission facility ownership.
Section 390.10 - Electric power agency — general authority.
Section 390.11 - Electric power agency — authority — conflicting provisions.
Section 390.12 - Issuance of public bonds or obligations — purposes — limitations.
Section 390.13 - Public bonds or obligations authorized by resolution of board of directors — terms.
Section 390.14 - Public bonds or obligations payable solely from agency revenues or funds.
Section 390.15 - Public bonds or obligations — types — sources for payment — security.
Section 390.17 - Public bonds or obligations to be negotiable.
Section 390.18 - Validity of public bonds or obligations at delivery — temporary bonds.
Section 390.19 - Public or private sale of bonds and obligations.
Section 390.22 - Mortgage or trust deed to secure bonds.
Section 390.23 - No personal liability on public bonds or obligations.