Statutes > Iowa Statutes > Title 1 - State Sovereignty and Management > Subtitle 4 - Executive Branch > CHAPTER 7D - EXECUTIVE COUNCIL > 7D.8 - ANTICIPATION OF REVENUES.

7D.8 - ANTICIPATION OF REVENUES.

        7D.8  ANTICIPATION OF REVENUES.
         The executive council may anticipate the revenues for any year,
      when the current revenues for that year are insufficient to pay all
      warrants issued in that year, by causing state warrants, in an amount
      not exceeding the estimated state revenues for that year, and bearing
      interest at a rate not exceeding that permitted by chapter 74A, to be
      issued, advertised, and sold on sealed bids, and to the bidder
      offering the lowest interest rate.  All bids and all records
      pertaining thereto shall be kept on file.  The treasurer of state
      shall comply with the provisions of chapter 74.
         Section History: Early Form
         [S13, § 170-a; C24, 27, 31, 35, 39, § 287; C46, 50, 54, 58,
      62, 66, 71, 73, 75, 77, 79, 81, § 19.8]
         Section History: Recent Form
         C93, § 7D.8
         Referred to in § 74.1