37.28 - ANTICIPATORY WARRANTS.
37.28 ANTICIPATORY WARRANTS.
If the funds raised under this chapter are insufficient for any
fiscal year to pay the principal and interest due in that year on
bonds issued for hospital purposes under section 37.6 and to pay the
expenses of the operation and maintenance of the hospital and any
other hospital expenses authorized by this chapter for the fiscal
year, the commission may issue anticipatory warrants drawn on the
funds to be raised. The warrants shall be in denominations of one
hundred, five hundred and one thousand dollars and shall draw
interest at a rate not exceeding that permitted by chapter 74A.
These warrants are not a general obligation of any political
subdivision which owns the hospital. Section History: Early Form
[C79, 81, S81, § 37.28; 81 Acts, ch 117, § 1007; 82 Acts, ch 1104,
§ 2] Section History: Recent Form
83 Acts, ch 123, § 44, 209