8.45 - PURCHASE OF REAL ESTATE BY STATE DEPARTMENTS.
8.45 PURCHASE OF REAL ESTATE BY STATE DEPARTMENTS.
Purchases of real estate as provided by law may be made by a state
department on written contracts providing for payment over a period
of years but the obligations thereon shall not constitute a debt or
charge against the state of Iowa nor against the funds of the
department for which said purchases are made. Purchase payments
shall be made from only capital funds appropriated for that purpose.
All state-appropriated capital funds used for any one purchase
contract shall be taken entirely from a single capital appropriation
and shall be set aside for that purpose. In event of default, the
only remedy of the seller shall be against the property itself in
rem, pursuant to chapter 654. In no event shall a deficiency
judgment be entered or enforced against the state or the department
making the purchase. The provisions of chapter 656 prescribing how a
real estate contract may be forfeited shall, in no event, be
applicable. In a foreclosure proceeding pursuant to this section and
chapter 654, the department making the purchase and the attorney
general shall be the only defendants who need be named and such
department and the attorney general may be served personally or by
restricted certified mail. The department and the attorney general
shall have thirty days from the date of completed service in which to
appear. Section History: Early Form
[C71, 73, 75, 77, 79, 81, § 8.45]