Statutes > Iowa Statutes > Title 7 - Education and Cultural Affairs > Subtitle 4 - Regents Institutions > CHAPTER 265 - LABORATORY SCHOOLS > 265.7 - DEBT LIMIT PROVISIONS NOT APPLICABLE.

265.7 - DEBT LIMIT PROVISIONS NOT APPLICABLE.

        265.7  DEBT LIMIT PROVISIONS NOT APPLICABLE.
         The obligations of any school district on any contract between it
      and the state board of regents entered into pursuant to this chapter
      shall be payable only out of current receipts from taxes, tuition or
      other income available therefor each year, and shall not constitute a
      debt for the purposes of any statutory or constitutional provision
      limiting the obligations said school district may incur.
         Section History: Early Form
         [C71, 73, 75, 77, 79, 81, § 265.7]