419.18 Grain and soybean storage facilities — bonds issued.
In order to provide greater sources of financing and to encourage an increase in the capacity of grain and soybean storage facilities within the state, cities and counties may issue revenue bonds, to be originally purchased by financial institutions or other bond purchasers which are located within the city or county issuing the bonds, to finance the acquisition of grain and soybean storage facilities which may be located anywhere within the state. The revenue bonds shall be issued pursuant to this chapter and all provisions of this chapter shall apply except that the term “project” as defined in section 419.1 includes on-farm grain and soybean storage facilities, which facilities may include the grain or soybean drying and aerating equipment, and the project need not be located within the city or county issuing the revenue bonds.
[82 Acts, ch 1208, §1]
Structure Iowa Code
Chapter 419 - MUNICIPAL SUPPORT OF PROJECTS
Section 419.3 - Bonds as limited obligations.
Section 419.4 - Pledge of revenues.
Section 419.5 - Determination of rent.
Section 419.6 - Refunding bonds.
Section 419.7 - Application of proceeds limited.
Section 419.8 - No payment by municipality.
Section 419.9 - Public hearing.
Section 419.11 - Tax equivalent to be paid — assessment procedure — appeal.
Section 419.13 - Exception to budget law and certain bond provisions.
Section 419.14 - Eminent domain not available.
Section 419.15 - Limitation of actions.
Section 419.16 - Intent of law.
Section 419.17 - Revenue bonds issued.
Section 419.18 - Grain and soybean storage facilities — bonds issued.