Statutes > Iowa Statutes > Title 7 - Education and Cultural Affairs > Subtitle 4 - Regents Institutions > CHAPTER 262A - UNIVERSITY BUILDINGS, FACILITIES, AND SERVICES == REVENUE BONDS > 262A.1 - DECLARATION OF INSUFFICIENT STATE REVENUE.

262A.1 - DECLARATION OF INSUFFICIENT STATE REVENUE.



        262A.1  DECLARATION OF INSUFFICIENT STATE REVENUE.
         The general assembly hereby determines that the annual revenues of
      the state are insufficient to finance the immediate building
      requirements and other facilities and utilities services requirements
      of the institutions of higher learning under the jurisdiction of the
      state board of regents and in order to provide these buildings,
      facilities and utilities services when they are needed, it is
      necessary to authorize the issuance of revenue bonds by the state
      board of regents, subject to the restrictions and limitations
      hereinafter set forth.  It is the intent of the general assembly that
      revenue bonds issued for academic and administrative buildings and
      facilities and utilities services shall supplement and not supplant
      legislative appropriations for the same or similar purposes.
         Section History: Early Form
         [C71, 73, 75, 77, 79, 81, § 262A.1]