261A.33 - PURPOSE OF DIVISION.
261A.33 PURPOSE OF DIVISION.
It is the purpose of this division to provide a measure of
assistance and an alternative method of enabling institutions in the
state to finance the acquisition, construction, and renovation of
needed educational facilities, structures and equipment and to
refund, refinance, or reimburse outstanding indebtedness incurred by
them or advances made by them, including advances from an endowment
or any other similar fund, for the construction, acquisition, or
renovation of needed educational facilities and structures, whether
or not constructed, acquired, or renovated prior to July 1, 1985. Section History: Recent Form
85 Acts, ch 210, §3