12A.10 - STATE LAW.
12A.10 STATE LAW.
The state reserves the right at any time to alter, amend, repeal,
or otherwise change the structure, organization, programs, or
activities of any issuer, including the power to terminate the
issuer, except that a law shall not be enacted that impairs any
obligation made pursuant to any contract entered into by the issuer
with or on behalf of the holders of the bonds to the extent that any
such law would contravene Article I, section 21, of the Constitution
of the State of Iowa or Article I, section 10, of the Constitution of
the United States. Section History: Recent Form
2007 Acts, ch 133, §10; 2008 Acts, ch 1065, §9