28A.22 - FUNDS OF THE AUTHORITY.
28A.22 FUNDS OF THE AUTHORITY.
Moneys of an authority shall be paid to the treasurer of the
authority who shall not commingle the moneys with any other moneys,
but shall deposit them in a separate account or accounts. Moneys in
the accounts shall be paid out on check of the treasurer on
requisition of the chairperson of the authority, or of another person
as the authority may authorize to make the requisition. An authority
may deposit any of its rates, fees, rentals, or other charges,
receipts, or income with any bank or trust company that is federally
insured and may deposit the proceeds of any bonds issued with any
bank or trust company that is federally insured, all as may be
provided in any agreement with the holders of bonds issued under this
division. Section History: Recent Form
91 Acts, ch 198, §21
CS91, § 330B.22
C93, § 28A.22