330A.18 - COOPERATION BETWEEN MUNICIPALITIES AND AUTHORITIES.

        330A.18  COOPERATION BETWEEN MUNICIPALITIES AND      AUTHORITIES.         The effectuation of the authorized purposes of an authority being      in all respects for the benefit of the people of the state and the      member municipalities, each member municipality is hereby authorized      to aid and cooperate with an authority in carrying out any authorized      purposes of the authority.  Each member municipality is hereby      authorized to enter into cooperation agreements for the making of a      loan, gift, grant, or contribution to the authority for the carrying      out of its authorized purposes.  Each member municipality is hereby      further authorized to grant and convey to an authority real or      personal property, of any kind or nature, or any interest therein,      for the carrying out of its authorized purposes.  Each member      municipality is, further and additionally, authorized to covenant in      any such cooperation agreement made pursuant to this section to pay      all or any part of the costs of operation and maintenance of the      aviation facilities of an authority from moneys derived from ad      valorem taxation or from any other available funds of the      municipality.  Any such cooperation agreement may be made and entered      into pursuant to this chapter for such time or times not exceeding      forty years as shall be agreed by the parties thereto or for such      longer time as any revenue bonds of an authority, including      refundings thereof, remain outstanding and unpaid and may contain      such other details, terms, provisions, and conditions as shall be      agreed upon by the parties thereto.  Any such cooperation agreement      may be made and entered into for the benefit of the holders of any      revenue bonds of an authority as well as the parties thereto and      shall be enforceable in any court of competent jurisdiction by the      holders of any such revenue bonds or of the coupons appertaining      thereto.  
         Section History: Early Form
         [C71, 73, 75, 77, 79, 81, § 330A.18]