reglab/housing_qa huggingface dataset:
IA Code § 257B.12 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.12 - Bonds to cover losses.

257B.12 Bonds to cover losses.   When any sum not less than one thousand dollars shall be so audited and so become a debt of the state to the fund, as provided by the Constitution of the State of Iowa, the auditor of state shall issue the bond or bonds of the state in favor of the fund, bearing interest at a rate not exceeding that permitted by chapter 74A, payable semiannually on the first day of January and July after issuance, and the amount to pay the interest as it becomes due is appropriated out of any funds in the state treasury.  [C73, §1843; C97, §2847; C24, 27, 31, 35, 39, §4480; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.12]  C93, §257B.12  2006 Acts, ch 1010, §79  Iowa Constitution, Art. VII, §3
IA Code § 257B.15 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.15 - Management.

257B.15 Management.   Property and money accrued to the permanent school fund shall be managed and controlled by the treasurer of state, and the treasurer of state is responsible for the safekeeping, investment, reinvestment and disbursement of the property and money.  [R60, §1980; C73, §1859, 1860; C97, §2848; C24, 27, 31, 35, 39, §4483; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.15]  83 Acts, ch 185, §15, 62  C93, §257B.15
IA Code § 257B.16 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.16 - Actions.

257B.16 Actions.   Actions for and in behalf of the fund may be brought in the name of the state for the use of the permanent school fund, by the attorney general.  [C73, §1860; C97, §2848; C24, 27, 31, 35, 39, §4484; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.16]  83 Acts, ch 185, §16, 62  C93, §257B.16
IA Code § 257B.17 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.17 - Liability of county.

257B.17 Liability of county.   Each county is liable for losses upon loans of the permanent school fund, principal or interest, made in the county, unless the loss was not occasioned by reason of a default of its officers or by taking insufficient or imperfect securities, or from a failure to bid at an execution sale the full amount of the judgment and costs.  [C73, §1860; C97, §2848; C24, 27, 31, 35, 39, §4485; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.17]  83 Acts, ch 185, §17, 62  C93, §257B.17
IA Code § 257B.18 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.18 - Exemption of county.

257B.18 Exemption of county.   All claims for exemption from liability on account of losses shall be examined into and adjusted by the director of the department of administrative services, upon proof submitted to the director in writing in behalf of the county within three months after the county auditor shall be advised by the director of the director’s readiness to receive the proof. In the absence of evidence, or if that submitted is insufficient, the loss may be charged against the county and be conclusive, but if found sufficient, the director of the department of administrative services shall present the facts in the report to the next general assembly.  [C73, §1860; C97, §2848; C24, 27, 31, 35, 39, §4486; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.18]  C93, §257B.18  2003 Acts, ch 145, §286
IA Code § 257B.19 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.19 - Loans.

257B.19 Loans.   The permanent school fund shall be loaned out or invested by the treasurer of state as it comes into the treasurer’s hands.  [R60, §1981; C73, §1861; C97, §2849; S13, §2849; C24, 27, 31, 35, 39, §4487; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.19]  83 Acts, ch 185, §18, 62  C93, §257B.19
IA Code § 257B.20 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.20 - Investment of permanent fund.

257B.20 Investment of permanent fund.   The permanent school fund which is, at any time, in the custody of the treasurer of state, shall be invested as follows:   1. In bonds or other evidences of indebtedness issued, assumed, or guaranteed by the United States of America, or by any agency or instrumentality thereof.   2. In bonds, or other evidences of indebtedness of the state of Iowa, or of any school district, county, township, city or other political subdivision of the state of Iowa which are issued pursuant to law.   3. In savings accounts or in time deposits in Iowa banks approved as depositories by the executive council.   4. In any investments authorized for the Iowa public employees’ retirement system in section 97B.7A, except that investment in common stocks shall not be permitted.  [C39, §4487.1; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.20]  C93, §257B.20  2001 Acts, ch 68, §16, 24
IA Code § 257B.28 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.28 - Statute of limitation.

257B.28 Statute of limitation.   Lapse of time is not a bar to action to recover a part of the permanent school fund, and it does not prevent the introduction of evidence in an action, except as provided in sections 614.29 to 614.38.  [C73, §1880, 2542; C97, §2852; C24, 27, 31, 35, 39, §4495; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.28]  83 Acts, ch 185, §19, 62  C93, §257B.28
IA Code § 257B.29 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.29 - Payments.

257B.29 Payments.   Payments to the permanent school fund upon contracts, or loans of another nature, shall be made to the treasurer of the county upon a certificate from the auditor showing the amount due.  [R60, §1986; C73, §1867; C97, §2853; C24, 27, 31, 35, 39, §4496; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.29]  83 Acts, ch 185, §20, 62  C93, §257B.29
IA Code § 257B.30 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.30 - Release of mortgage.

257B.30 Release of mortgage.   The auditor shall, when the debt is paid, release any mortgage or issue a certificate of purchase, as the case may be, and report the same to the board of supervisors at its next meeting, which report shall be carried into the records of the board.  [R60, §1986; C73, §1867; C97, §2853; C24, 27, 31, 35, 39, §4497; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.30]  C93, §257B.30
IA Code § 257B.31 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.31 - School fund account — settlement.

257B.31 School fund account — settlement.   The auditor shall also keep, in books to be provided for that purpose, an account to be known as the permanent school fund account, in which a memorandum of the notes, mortgages, bonds, money, and assets which may come into the auditor’s hands and those of the treasurer shall be entered, and separate accounts of principal and interest be kept. The county treasurer shall also keep an account and record of all school funds coming into the county treasurer’s hands. Settlements of the account shall be made with the board of supervisors at its January and June sessions, and the settlements shall be recorded with the proceedings of the board.  [R60, §1990, 1991; C73, §1876, 1877; C97, §2853; C24, 27, 31, 35, 39, §4498; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.31]  83 Acts, ch 185, §21, 62  C93, §257B.31  Referred to in §331.552
IA Code § 257B.32 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.32 - Notice of default.

257B.32 Notice of default.   When outstanding contracts for the sale of school lands or notes for money of the permanent school fund loaned, or interest on the permanent school fund, are due, the auditor shall by mail at once notify the debtor to make payment within three months.  [C73, §1872, 1873; C97, §2854; C24, 27, 31, 35, 39, §4499; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.32]  83 Acts, ch 185, §22, 62  C93, §257B.32
IA Code § 257B.33 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.33 - Suit — attorney fee.

257B.33 Suit — attorney fee.   If the debtor does not comply with the notice, the auditor shall report the noncompliance to the school board, which may bring an action to recover the debt, and an injunction may issue for cause, without bond when so petitioned, and there shall be allowed in the judgment, entered and taxed as a part of the costs in the case, a reasonable sum as compensation to plaintiff’s attorney, not exceeding the amount provided by law for attorney fees.  [C73, §1873; C97, §2854; C24, 27, 31, 35, 39, §4500; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.33]  90 Acts, ch 1168, §42  C93, §257B.33  2011 Acts, ch 43, §2  Attorney fees, §625.22
IA Code § 257B.34 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.34 - Bid at execution sale.

257B.34 Bid at execution sale.   Upon a sale of lands under an execution founded upon a permanent school fund claim or right, the auditor shall bid a sum required by the interests of the fund, and, if struck off to the state, it shall be thereafter treated the same as other lands belonging to the fund.  [C73, §1874; C97, §2854; C24, 27, 31, 35, 39, §4501; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.34]  83 Acts, ch 185, §23, 62  C93, §257B.34
IA Code § 257B.35 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.35 - Sheriff’s deed to state.

257B.35 Sheriff’s deed to state.   When lands have been bid in by the county for the state under foreclosure of permanent school fund mortgages and the time for redemption has expired, a sheriff’s deed shall be issued to the state for the use and benefit of the permanent school fund. The county auditor shall file the deed for record in the office of the county recorder who shall record the deed without fee and return it when recorded to the county auditor who shall then forward it to the secretary of state. The secretary of state shall record the deed and then file it with the director of the department of administrative services.  [C73, §1881; C97, §2855; S13, §2855; C24, 27, 31, 35, 39, §4502; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.35]  83 Acts, ch 185, §24, 62  C93, §257B.35  2003 Acts, ch 145, §286  Referred to in §331.602
IA Code § 257B.36 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.36 - Resale by state.

257B.36 Resale by state.   All lands now acquired under permanent school fund foreclosure proceedings shall be resold within ten years from January 1, 1939, and lands acquired after such date shall be resold within six years from date of foreclosure. Such land shall be appraised, advertised, and sold in the manner provided for the appraisement, advertisement, sale and conveyance of the sixteenth section or lands selected in lieu thereof.  [S13, §2855; C24, 27, 31, 35, 39, §4503; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.36]  C93, §257B.36  Appraisement, §257B.4
IA Code § 257B.37 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.37 - Proceeds on resale.

257B.37 Proceeds on resale.   When a resale is made, the county auditor shall notify the director of the department of administrative services, who shall thereupon charge the county with the full amount of the resale, except that when the lands are sold for more than the unpaid portion of the principal, the excess shall be applied to reimburse the county for the costs of foreclosure and the interest paid by the county to the state by reason of default of payment of same by the makers of the notes, previous to the time when the right of redemption has expired, not to exceed three years.  [C73, §1881, 1882; C97, §2855; S13, §2855; C24, 27, 31, 35, 39, §4504; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.37]  C93, §257B.37  2003 Acts, ch 145, §286
IA Code § 257B.38 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.38 - Excess — loss borne by county.

257B.38 Excess — loss borne by county.   An excess over the amount of the unpaid portion of the principal, costs of foreclosure, and interest on the principal, shall inure to the county and be credited to the general county fund. If the lands are sold for a less amount than the unpaid portion of the principal, the loss shall be sustained by the county, and the board of supervisors shall at once order the amount of the loss transferred from the general fund of the county to the permanent school fund account.  [C73, §1881; C97, §2855; S13, §2855; C24, 27, 31, 35, 39, §4505; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.38]  83 Acts, ch 185, §25, 62  C93, §257B.38
IA Code § 257B.39 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.39 - Report as to sales — interest.

257B.39 Report as to sales — interest.   County auditors shall report, on or before January 1 of each year, to the director of the department of administrative services the amount of the sales and resales made during the previous year, of the sixteenth section, five-hundred-thousand-acre grant, and escheat estates, and the director of the department of administrative services shall charge them to the counties with interest from the date of the sale or resale to January 1, at the rate of three percent per annum.  [C73, §1881; C97, §2855; S13, §2855; C24, 27, 31, 35, 39, §4506; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.39]  83 Acts, ch 185, §26, 62  C93, §257B.39  94 Acts, ch 1173, §11; 2003 Acts, ch 145, §286
IA Code § 257B.40 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.40 - Interest charged to counties.

257B.40 Interest charged to counties.   The director of the department of administrative services shall also, on the first day of January, charge to each county having permanent school funds under its control, interest thereon at the rate of three percent per annum for the preceding year, or such part thereof as such funds shall have been in the control of the county, which shall be taken as the whole amount of interest due from such county. All interest collected above the three percent charged by the state shall be transferred to the general county fund.  [C73, §1882; C97, §2855; S13, §2855; C24, 27, 31, 35, 39, §4507; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.40]  C93, §257B.40  2003 Acts, ch 145, §286
IA Code § 257B.41 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.41 - Uncollected interest.

257B.41 Uncollected interest.   If any county fails or refuses to collect the amount of interest due the state, the deficiency shall be paid to the state from the general county fund. Any county delinquent in the payment of interest due the state shall be charged one percent per month on the amount delinquent until paid.  [C73, §1882; C97, §2855; S13, §2855; C24, 27, 31, 35, 39, §4508; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.41]  C93, §257B.41
IA Code § 257B.42 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.42 - Report as to rents.

257B.42 Report as to rents.   By January 1 of each year, county auditors shall report to the director of the department of administrative services the amount of rents collected during the preceding year on unsold school lands and the director shall include the amount reported in the semiannual apportionment of interest.  [C73, §1884; C97, §2855; S13, §2855; C24, 27, 31, 35, 39, §4509; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.42]  83 Acts, ch 185, §27, 62  C93, §257B.42  94 Acts, ch 1173, §12; 2003 Acts, ch 145, §286
IA Code § 257B.44 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257B - SCHOOL FUNDS|Section 257B.44 - Penalty against county auditor.

257B.44 Penalty against county auditor.   A county auditor failing or neglecting to perform required duties under this chapter, is liable to a penalty of not less than one hundred nor more than five hundred dollars, to be recovered in an action brought in the district court by the board of supervisors. The judgment shall be entered against the party and the party’s sureties, and the proceeds shall be paid to the treasurer of state for deposit in the general fund of the state.  [R60, §1992; C73, §1878; C97, §2857; C24, 27, 31, 35, 39, §4511; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.44]  83 Acts, ch 185, §28, 62; 83 Acts, ch 186, §10066, 10201, 10204  C93, §257B.44
IA Code § 257C.1 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257C - ADVANCE FUNDING AUTHORITY|Section 257C.1 - Title.

257C.1 Title.   This chapter may be cited as the “Iowa Advance Funding Authority Act”.  85 Acts, ch 34, §1  CS85, §442A.1  C93, §257C.1
IA Code § 257C.2 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257C - ADVANCE FUNDING AUTHORITY|Section 257C.2 - Legislative findings.

257C.2 Legislative findings.   The general assembly finds as follows:   1. The establishment of the authority is in all respects for the benefit of the people of the state of Iowa and the improvement of the financing procedures for Iowa’s schools.   2. The authority will be performing an essential governmental function in the exercise of the powers and duties conferred upon it by this chapter.   3. Iowa schools face a serious and increasing problem with cash flow difficulties caused, among other factors, by increasing reliance on state school foundation aid, delays in the payment of state school foundation aid, and the periodic payment of property taxes for school purposes.   4. As a result of their increasing cash flow difficulties, Iowa schools have had to borrow on a short-term basis larger amounts of funds more often, thus increasing their borrowing costs significantly.   5. The short-term borrowing costs of Iowa schools are a direct burden on the taxpayers of the state.   6. It is necessary to create the authority to provide a means for Iowa schools to reduce substantially or eliminate their short-term borrowing costs and thus reduce costs to the taxpayers.   7. All of the purposes stated in this section are public purposes and uses for which public moneys may be borrowed, expended, advanced, loaned or granted.  85 Acts, ch 34, §2  CS85, §442A.2  C93, §257C.2
IA Code § 257C.3 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257C - ADVANCE FUNDING AUTHORITY|Section 257C.3 - Definitions.

257C.3 Definitions.   As used in this chapter, unless the context otherwise requires:   1. “Authority” means the Iowa advance funding authority created by this chapter.   2. “Board” means the governing board of the authority created in section 257C.5.   3. “Bonds” means bonds, notes and other obligations issued by the authority pursuant to this chapter.   4. “Notes” means notes, warrants, loan agreements, and all other forms of evidence of indebtedness now or hereafter authorized for schools. “Purchase of notes” includes lending money to schools or any other forms of financing of schools by the authority.   5. “School” includes each public school district as defined in chapter 274, area education agency as defined in chapter 273 and community college as defined in chapter 260C.  85 Acts, ch 34, §3  CS85, §442A.3  90 Acts, ch 1253, §121  C93, §257C.3
IA Code § 257C.4 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257C - ADVANCE FUNDING AUTHORITY|Section 257C.4 - Iowa advance funding authority.

257C.4 Iowa advance funding authority.   The Iowa advance funding authority is created. It is a public instrumentality and agency of the state exercising public and essential governmental functions, established for the purposes of reducing the cash flow difficulties faced by Iowa schools, improving the financial procedures of Iowa schools, and reducing the short-term borrowing costs of Iowa schools.  85 Acts, ch 34, §4  CS85, §442A.4  C93, §257C.4
IA Code § 257C.5 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257C - ADVANCE FUNDING AUTHORITY|Section 257C.5 - Governing board.

257C.5 Governing board.   1. The powers of the authority are vested in and exercised by a board consisting of five members, including the treasurer of state, the director of the department of education, and the director of the department of management, and two members appointed by the governor, subject to confirmation by the senate. The state officials may designate representatives to serve on the board for them. As far as possible, the governor shall appoint members who are knowledgeable or experienced in the school systems of this state or in finance.   2. The governor shall appoint the members of the authority for terms of six years, beginning and ending as provided in section 69.19. An appointed member of the authority may be removed from office by the governor for misfeasance, malfeasance, or willful neglect of duty or other just cause, after notice and hearing, unless the notice and hearing are expressly waived in writing by the member.   3. Three members of the board constitute a quorum.   4. The appointed members of the authority receive a per diem as specified in section 7E.6 for each day spent in performance of duties as members, and shall be reimbursed for all actual and necessary expenses incurred in the performance of duties as members.   5. The appointed members of the authority shall give bond as required for public officers in chapter 64.   6. Meetings of the authority shall be held at the call of the chairperson or when a majority of the members so request.   7. The members shall elect a chairperson, vice chairperson and secretary annually, and other officers as they determine necessary.  85 Acts, ch 34, §5  CS85, §442A.5  88 Acts, ch 1134, §83; 90 Acts, ch 1256, §47  C93, §257C.5  Referred to in §257C.3  Confirmation, see §2.32
IA Code § 257C.6 (2021)
2021 Iowa Code|Title VII - EDUCATION AND CULTURAL AFFAIRS|Chapter 257C - ADVANCE FUNDING AUTHORITY|Section 257C.6 - General powers.

257C.6 General powers.   The board has all of the general powers needed to carry out its purposes and duties and exercise its specific powers, including but not limited to the power to:   1. Issue its negotiable bonds as provided in this chapter in order to finance its programs.   2. Have perpetual succession as a public authority.   3. Sue and be sued in its own name.   4. Make and execute agreements, contracts, and other instruments, with any public or private entity.   5. Hire and compensate legal counsel, notwithstanding chapter 13.   6. Invest or deposit moneys of the authority, subject to any agreement with bondholders, in any manner determined by the authority, notwithstanding chapters 12B and 12C.   7. Procure insurance and other credit enhancement arrangements including but not limited to municipal bond insurance and letters of credit.   8. Fix and collect fees and charges for its services.   9. Accept appropriations, gifts, grants, loans, or other aid from public or private entities.   10. Adopt rules consistent with this chapter, and subject to chapter 17A.   11. The authority is exempt from chapter 8A, subchapter III.  85 Acts, ch 34, §6  CS85, §442A.6  C93, §257C.6  2003 Acts, ch 145, §226  Referred to in §257C.13