28E.42 - JOINT ISSUANCE OF SCHOOL DISTRICT OR FIRE DISTRICT BONDS.
28E.42 JOINT ISSUANCE OF SCHOOL DISTRICT OR FIRE
DISTRICT BONDS.
It is the intent of the general assembly to encourage school
districts or fire districts to jointly issue general obligation bonds
to fund separate projects proposed in each district and, by pooling
their debt obligations, to realize a savings for taxpayers in each of
the participating districts.
1. Two or more school districts may enter an agreement pursuant
to this chapter for the purpose of financing projects for which debt
obligations may be or have been incurred pursuant to chapter 296 or
298. For purposes of this section, "school district" means a
public school district described in chapter 274.
2. Two or more fire districts may enter an agreement pursuant to
this chapter for the purpose of financing projects for which debt
obligations may be or have been incurred pursuant to chapter 74, 75,
331, 357B, 359, or 384. For purposes of this section, "fire
district" means any governmental entity which provides fire
protection services. Section History: Recent Form
99 Acts, ch 145, §2