Statutes > Iowa Statutes > Title 7 - Education and Cultural Affairs > Subtitle 4 - Regents Institutions > CHAPTER 262 - BOARD OF REGENTS > 262.40 - LIMITATION ON DISCHARGING OBLIGATIONS.

262.40 - LIMITATION ON DISCHARGING OBLIGATIONS.

        262.40  LIMITATION ON DISCHARGING OBLIGATIONS.
         In discharging obligations under section 262.39 the dormitories at
      each of said institutions shall be considered as a unit and the
      rents, profits, and income available for dormitory purposes at one
      institution shall not be used to discharge obligations created for
      dormitories at another institution.
         Section History: Early Form
         [C27, 31, 35, § 3945-a6; C39, § 3945.6; C46, 50, 54, 58, 62,
      66, 71, 73, 75, 77, 79, 81, § 262.40]
         Referred to in § 262.34B, 262A.2