Statutes > Iowa Statutes > Title 7 - Education and Cultural Affairs > Subtitle 4 - Regents Institutions > CHAPTER 265 - LABORATORY SCHOOLS > 265.5 - ALLOCATIONS TO DEBT RETIREMENT FUND.

265.5 - ALLOCATIONS TO DEBT RETIREMENT FUND.

        265.5  ALLOCATIONS TO DEBT RETIREMENT FUND.
         The state board of regents may out of funds appropriated or
      otherwise available for the operation of the institution at which the
      laboratory school is located allocate an annual payment to the debt
      retirement fund for the buildings, areas, and facilities used by the
      institution for the laboratory school until such time as said
      improvement is fully paid.  The board of regents may pledge said
      annual allotment together with the tuition received from school
      districts and all other income received from the operation of said
      laboratory school as security for the mortgage, bonds, or other debt
      by which said laboratory school is financed as authorized herein.
         Section History: Early Form

         [C66, 71, 73, 75, 77, 79, 81, § 265.5]