reglab/statecodes huggingface dataset:
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.6 - Notice of hearing on appeal.

73A.6 Notice of hearing on appeal.
1. The appeal board shall forthwith fix a time and place in the municipality or nearby convenient place for hearing said appeal, and notice of such hearing shall be given by certified mail to the executive officer of the municipality, and to the first five persons whose names appear upon the notice of appeal, at least ten days before the date fixed for such hearing.
2. The hearing on contracts for the state institutions and state fair board shall be at the seat of government.
[C24, 27, 31, 35, 39, §356; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §23.6]
C93, §73A.6
Referred to in §390.3
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.7 - Hearing and decision.

73A.7 Hearing and decision.
1. At such hearing, the appellants and any other interested person may appear and be heard. The appeal board shall examine, with the aid of competent assistants, the entire record, and if it shall find that the form of contract is suitable for the improvement proposed, that the improvement and the method of providing for payment therefor is for the best interests of the municipality and the taxpayers therein, and that such improvements can be made within the estimates therefor, it shall approve the same. Otherwise, it may reject the same as a whole or, it shall recommend such modifications of the plans, specifications, or contract, as in its judgment shall be for the public benefit, and if such modifications are so made, it shall approve the same.
2. The appeal board shall certify its decision to the body proposing to enter into such contract unless it shall have rejected the same as a whole, whereupon the municipality shall advertise for bids and let the contract subject to the approval of the appeal board which shall at once render its final decision thereon and transmit the same to the municipality.
[C24, 27, 31, 35, 39, §357; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §23.7]
C93, §73A.7
Referred to in §390.3
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.8 - Enforcement of performance.

73A.8 Enforcement of performance.
After any contract for any public improvement has been completed and any five persons interested request it, the appeal board shall examine into the matter as to whether or not the contract has been performed in accordance with its terms, and if on such investigation it finds that said contract has not been so performed, and so reports to the body letting such contract, it shall at once institute proceedings on the contractor’s bond for the purpose of compelling compliance with the contract in all of its provisions.
[C24, 27, 31, 35, 39, §358; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §23.8]
C93, §73A.8
Referred to in §390.3
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.9 - Nonapproved contracts void.

73A.9 Nonapproved contracts void.
If an appeal is taken, no contract for public improvements shall be valid unless the same is finally approved by the appeal board. In no case shall any municipality expend for any public improvement any sum in excess of five percent more than the contract price without the approval of the appeal board.
[C24, 27, 31, 35, 39, §359; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §23.9]
C93, §73A.9
Referred to in §390.3
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.10 - Witness fees — costs.

73A.10 Witness fees — costs.
Witness fees and mileage for witnesses on hearing appeals shall be the same as in the district court; but objectors or appellants shall not be allowed witness fees or mileage. Costs of hearings and appeals shall be paid by the municipality.
[C24, 27, 31, 35, 39, §361; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §23.10]
C93, §73A.10
Referred to in §390.3
Witness fees, §622.69
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.11 - Report on completion.

73A.11 Report on completion.
Upon the completion of the improvement the executive officer or governing board of the municipality shall file with the appeal board a verified report showing:
1. The location and character of the improvement.
2. The total contract price for the completed improvement.
3. The total actual cost of the completed improvement.
4. By whom, if anyone, the construction was supervised.
5. By whom final inspection was made.
6. Whether or not the improvement complies with its contract, plans, and specifications.
7. Any failure of the contractor to comply with the plans and specifications.
[C24, 27, 31, 35, 39, §362; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §23.11]
C93, §73A.11
Referred to in §390.3
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.12 - Issuance of bonds — notice.

73A.12 Issuance of bonds — notice.
Before any municipality shall institute proceedings for the issuance of any bonds or other evidence of indebtedness payable from taxation, excepting such bonds or other evidence of indebtedness as have been authorized by a vote of the people of such municipality, and except such bonds or obligations as it may be by law compelled to issue, a notice of such action, including a statement of the amount and purpose of said bonds or other evidence of indebtedness shall be published at least once in a newspaper of general circulation within such municipality at least ten days before the meeting at which it is proposed to issue such bonds.
[C24, 27, 31, 35, 39, §363; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §23.12]
C93, §73A.12
Referred to in §12.28, 260C.67, 262.65, 262A.14, 263A.12, 357B.4, 419.13, 423E.5, 483A.51
Sixty percent vote required, §75.1
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.13 - Objections.

73A.13 Objections.
At any time before the date fixed for the issuance of such bonds or other evidence of indebtedness, interested objectors in any municipality equal in number to one percent of those voting for the office of president of the United States or governor, as the case may be, at the last general election in said municipality, but in no event less than twenty-five, may file a petition in the office of the clerk or secretary of the municipality setting forth their objections thereto.
[C24, 27, 31, 35, 39, §364; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §23.13]
C93, §73A.13
Referred to in §357B.4, 419.13, 483A.51
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.14 - Notice of hearing.

73A.14 Notice of hearing.
Upon the filing of any such petition, the clerk or secretary of such municipality shall immediately certify a copy thereof, together with such other data as may be necessary in order to present the questions involved, to the appeal board, and upon receipt of such certificate, petition, and information, it shall fix a time and place for the hearing of such matter, which shall be not less than ten nor more than thirty days thereafter. Said hearing shall be held in the municipality in which it is proposed to issue such bonds or other evidence of indebtedness, or in some other nearby convenient place fixed by the appeal board. Notice of such hearing shall be given by certified mail to the executive officer of the municipality and to the five persons whose names first appear on the petition at least ten days before the date of such hearing.
[C24, 27, 31, 35, 39, §365; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §23.14]
C93, §73A.14
Referred to in §357B.4, 419.13, 483A.51
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.15 - Decision.

73A.15 Decision.
1. The appeal board shall determine the matters involved in such appeal. Its decision shall be certified to the executive officer of the municipality affected. Judicial review of the action of the appeal board may be sought in accordance with the terms of the Iowa administrative procedure Act, chapter 17A.
2. In case there is no appeal, the board of the municipality affected may issue such bonds or other evidence of indebtedness, if legally authorized so to do, in accordance with the proposition published, but in no greater amount.
3. In case of an appeal, the municipality may issue such bonds or other evidence of indebtedness in accordance with the decision of the appeal board.
[C24, 27, 31, 35, 39, §366; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §23.15]
C93, §73A.15
2003 Acts, ch 44, §114; 2017 Acts, ch 54, §76
Referred to in §357B.4, 419.13, 483A.51
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.16 - Bonds and taxes void.

73A.16 Bonds and taxes void.
Any bonds or other evidence of indebtedness issued contrary to the provisions of this subchapter, and any tax levied or attempted to be levied for the payment of any such bonds or interest thereon, shall be null and void.
[C24, 27, 31, 35, 39, §367; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §23.16]
C93, §73A.16
2017 Acts, ch 65, §4, 9, 10
Referred to in §357B.4, 419.13, 483A.51
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.17 - Unpaid revenue bonds — effect.

73A.17 Unpaid revenue bonds — effect.
It shall be lawful for any municipality to issue revenue bonds, the principal and interest of which are to be paid solely from revenue derived from the operations of the project for which such bonds are issued, notwithstanding that there are other revenue bonds remaining unpaid which have not matured, provided payment of principal and interest of such other revenue bonds is not impaired thereby.
[C62, 66, 71, 73, 75, 77, 79, 81, §23.17]
C93, §73A.17
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.18 - When bids required — advertisement — deposit.

73A.18 When bids required — advertisement — deposit.
When the estimated total cost of construction, erection, demolition, alteration or repair of a public improvement exceeds the competitive bid threshold in section 26.3, or as established in section 314.1B, the municipality shall advertise for bids on the proposed improvement by two publications in a newspaper published in the county in which the work is to be done. The first advertisement for bids shall be not less than fifteen days prior to the date set for receiving bids. The municipality shall let the work to the lowest responsible bidder submitting a sealed proposal. However, if in the judgment of the municipality bids received are not acceptable, all bids may be rejected and new bids requested. A bid shall be accompanied, in a separate envelope, by a deposit of money or a certified check or credit union certified share draft in an amount to be named in the advertisement for bids as security that the bidder will enter into a contract for the doing of the work. The municipality shall fix the bid security in an amount equal to at least five percent, but not more than ten percent of the estimated total cost of the work. The checks, share drafts or deposits of money of the unsuccessful bidders shall be returned as soon as the successful bidder is determined, and the check, share draft or deposit of money of the successful bidder shall be returned upon execution of the contract documents.
[C62, 66, 71, 73, 75, 77, 79, 81, S81, §23.18; 81 Acts, ch 28, §2]
84 Acts, ch 1055, §3
C93, §73A.18
2006 Acts, ch 1017, §21, 42, 43
Referred to in §314.1, 314.1B, 346.27
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.19 - Sale of municipal bonds without hearing or contract.

73A.19 Sale of municipal bonds without hearing or contract.
Any other law to the contrary notwithstanding, any municipality may authorize, sell, issue and deliver its bonds without regard to whether or not notice and hearing on the plans, specifications and form of contract for the public improvement to be paid for in whole or in part from the proceeds of said bonds has theretofore been given, and without regard to whether or not any contract has theretofore been awarded for the construction of said improvement. The foregoing provision shall not apply to bonds which are payable solely from special assessment levied against benefited property.
[C66, 71, 73, 75, 77, 79, 81, §23.19]
C93, §73A.19
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.20 - Bid bonds.

73A.20 Bid bonds.
Notwithstanding any other provisions of the Code, any contracting authority may authorize the use of bid bonds executed by corporations authorized to contract as surety in Iowa and on a form prescribed by the contracting authority, in lieu of certified or cashiers checks or any other form of security otherwise required of a bidder to accompany a bid on a public improvement project. The full amount of the bid bond shall be forfeited to the contracting authority in liquidation of damages sustained in the event that the bidder fails to execute the contract as provided in the specifications or by law in the same manner and amount as other forms of authorized security.
[C73, 75, 77, 79, 81, §23.20]
C93, §73A.20
Referred to in §468.35
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.26 - Purpose.

73A.26 Purpose.
The purpose of this subchapter is to provide for more economical, nondiscriminatory, neutral, and efficient procurement of construction-related goods and services by this state and political subdivisions of this state.
2017 Acts, ch 65, §6, 9, 10; 2017 Acts, ch 170, §32, 43
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.27 - Definitions.

73A.27 Definitions.
As used in this subchapter, unless the context clearly indicates otherwise:
1. “Governmental entity” means the state, political subdivisions of the state, public school corporations, and all officers, boards, or commissions empowered by law to enter into contracts for the construction of public improvements.
2. “Public improvement” means any building or construction work which is constructed, repaired, remodeled, or demolished under the control of a governmental entity and is paid for in whole or in part with funds of the governmental entity, including a building or improvement constructed or operated jointly with any other public or private agency.
2017 Acts, ch 65, §7, 9, 10
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 73A - PUBLIC CONTRACTS AND BONDS › Section 73A.28 - Public improvement contracts — prohibited terms and exemptions.

73A.28 Public improvement contracts — prohibited terms and exemptions.
1. A governmental entity awarding a contract for the construction, repair, remodeling, or demolition of a public improvement and any construction manager acting on its behalf shall not, in any bid specifications, project agreements, or other controlling documents do any of the following:
a. Require a bidder, offeror, contractor, or subcontractor to enter into or adhere to an agreement with one or more labor organizations in regard to the public improvement or a related public improvement project.
b. Prohibit a bidder, offeror, contractor, or subcontractor from entering into or adhering to an agreement with one or more labor organizations in regard to the public improvement or a related public improvement project.
c. Discriminate against a bidder, offeror, contractor, or subcontractor for becoming or remaining or refusing to become or remain a signatory to, or for adhering or refusing to adhere to, an agreement with one or more labor organizations in regard to the public improvement or a related public improvement project.
2. A governmental entity shall not award a grant, tax abatement, or tax credit that is conditioned upon a requirement that the awardee include a term described in subsection 1 in a contract document for any construction, improvement, maintenance, or renovation to real property or fixtures that is the subject of the grant, tax abatement, or tax credit.
3. This section shall not be construed to do any of the following:
a. Prohibit a governmental entity from awarding a contract, grant, tax abatement, or tax credit to a private owner, bidder, contractor, or subcontractor who enters into or who is party to an agreement with a labor organization, if being or becoming a party or adhering to an agreement with a labor organization is not a condition for award of the contract, grant, tax abatement, or tax credit, and if the governmental entity does not discriminate against a private owner, bidder, contractor, or subcontractor in the awarding of that contract, grant, tax abatement, or tax credit based upon the private owner’s, bidder’s, contractor’s, or subcontractor’s status as being or becoming, or the willingness or refusal to become, a party to an agreement with a labor organization.
b. Prohibit a contractor or subcontractor from voluntarily entering into or complying with an agreement entered into with one or more labor organizations in regard to a contract with a governmental entity or funded in whole or in part from a grant, tax abatement, or tax credit from the governmental entity.
c. Prohibit employers or other parties from entering into agreements or engaging in any other activity protected by the federal National Labor Relations Act, 29 U.S.C. §151 et seq.
d. Interfere with labor relations of parties that are not regulated under the federal National Labor Relations Act, 29 U.S.C. §151 et seq.
2017 Acts, ch 65, §8 – 10
Referred to in §26A.3
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 74 - PUBLIC OBLIGATIONS NOT PAID FOR WANT OF FUNDS › Section 74.1 - Applicability.

74.1 Applicability.
1. This chapter applies to all warrants which are legally drawn on a public treasury, including the treasury of a city or county, and which, when presented for payment, are not paid for want of funds.
2. This chapter also applies when a municipality as defined in section 24.2, or a city or county determines that there are not or will not be sufficient funds on hand to pay the legal obligations of a fund. A municipality, city, or county may provide for the payment of such an obligation by drawing an anticipatory warrant payable to a bank or other business entity authorized by law to loan money in an amount legally available and believed to be sufficient to cover the anticipated deficiency. The duties imposed on the treasurer by this chapter may be assigned by a city council to another city officer.
3. The procedures of this chapter also apply to the issuance of anticipatory warrants by the state under section 7D.8.
4. This chapter also applies to anticipatory warrants, improvement certificates, anticipatory certificates or similar obligations payable from special assessments against benefited properties, or payable from charges, fees or other operating income from a publicly owned enterprise or utility.
5. The procedures of this chapter also apply to the issuance of warrants or the issuance of anticipatory warrants of an area education agency established under chapter 273.
[C35, §1171-f1; C39, §1171.11; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §74.1]
83 Acts, ch 90, §10; 83 Acts, ch 123, §48, 209; 84 Acts, ch 1010, §1
Referred to in §74.2, 74A.7, 331.554
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 74 - PUBLIC OBLIGATIONS NOT PAID FOR WANT OF FUNDS › Section 74.2 - Endorsement and interest.

74.2 Endorsement and interest.
1. If a warrant other than an anticipatory warrant is presented for payment, and is not paid for want of funds, or is only partially paid, the treasurer shall endorse the fact on the warrant, with the date of presentation, and sign the endorsement. After the date of presentation, the warrant or the balance due on the warrant shall bear interest at the rate specified in section 74A.2.
2. An anticipatory warrant issued under the authority of section 74.1, subsection 1, shall bear interest at a rate determined by the issuing governmental body, but not exceeding that permitted by chapter 74A.
[C51, §65, 153; R60, §86, 361; C73, §78, 328, 1748; C97, §104, 483, 660, 2768; S13, §104, 483; C24, 27, 31, §135, 4318, 5160, 5645, 7496; C35, §1171-f2; C39, §1171.12; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §74.2]
2021 Acts, ch 80, §27
Referred to in §331.554
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 74 - PUBLIC OBLIGATIONS NOT PAID FOR WANT OF FUNDS › Section 74.3 - Record of obligations.

74.3 Record of obligations.
The treasurer shall keep a record of each interest-bearing obligation which shall show the number and amount, the date interest commences, the rate of interest, and the name and post office address of the holder of the obligation.
[C51, §66, 153; R60, §87, 361; C73, §79, 328; C97, §105, 483, 660; S13, §483; C24, 27, 31, §136, 5160, 5646, 7496; C35, §1171-f3; C39, §1171.13; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §74.3]
Referred to in §74.4, 74.6, 74.7, 331.554
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 74 - PUBLIC OBLIGATIONS NOT PAID FOR WANT OF FUNDS › Section 74.4 - Assignment of obligation.

74.4 Assignment of obligation.
When a nonnegotiable interest-bearing obligation is assigned or transferred, the assignee or transferee shall notify the treasurer in writing of the assignment or transfer and of the post office address of the assignee or transferee. Upon receiving notification, the treasurer accordingly shall correct the record maintained under section 74.3 or 331.554, subsection 5, paragraph “b” as applicable.
[C24, 27, 31, §7497; C35, §1171-f4; C39, §1171.14; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §74.4; 82 Acts, ch 1048, §2]
Referred to in §331.554
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 74 - PUBLIC OBLIGATIONS NOT PAID FOR WANT OF FUNDS › Section 74.5 - Call for payment.

74.5 Call for payment.
When a fund contains sufficient money to pay one or more interest-bearing obligations which are outstanding against the fund, the treasurer shall call those obligations for payment. Obligations may be paid in the order of presentation. This section does not authorize a fixed-term obligation to be called at a date earlier than is provided by the conditions and terms upon which it was issued.
[C51, §66, 153; R60, §87, 361; C73, §79, 328; C97, §105, 484, 660; C24, 27, 31, §136, 5161, 5647, 7496; C35, §1171-f5; C39, §1171.15; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §74.5]
Referred to in §74.6, 331.554
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 74 - PUBLIC OBLIGATIONS NOT PAID FOR WANT OF FUNDS › Section 74.6 - Notice of call — termination of interest.

74.6 Notice of call — termination of interest.
1. The treasurer shall make a call for payment under section 74.5 by mailing to the holder of the obligation, as shown in the records maintained under section 74.3 or 331.554, subsection 5, paragraph “b” as applicable, a notice of call which describes the obligation by number and amount, and which specifies a date not more than ten days thereafter when interest ceases to accrue on the obligation. The treasurer shall enter the date of mailing of the notice in the records maintained under section 74.3 or 331.554, subsection 5, paragraph “b” as applicable.
2. Interest on an interest-bearing obligation shall cease to accrue as of the date specified in the notice of call issued under subsection 1.
3. This section does not apply if the parties have otherwise agreed in writing.
[C51, §66, 153; R60, §87, 361; C73, §79, 328; C97, §105, 484, 660; C24, 27, 31, §136, 5161, 5647, 7496, 7498; C35, §1171-f6; C39, §1171.16; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §74.6; 82 Acts, ch 1048, §3]
Referred to in §331.554
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 74 - PUBLIC OBLIGATIONS NOT PAID FOR WANT OF FUNDS › Section 74.7 - Endorsement of interest.

74.7 Endorsement of interest.
When an obligation which legally draws interest is paid, the treasurer shall endorse upon it the date of payment, and the amount of interest paid. The treasurer shall enter into the records maintained under section 74.3 or 331.554, subsection 5, paragraph “b” as applicable, the date of payment and the amount of interest paid.
[C51, §153; R60, §361; C73, §328; C97, §484, 660; C24, 27, 31, §5161, 5646, 5648, 7496; C35, §1171-f7; C39, §1171.17; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §74.7; 82 Acts, ch 1048, §4]
Referred to in §331.554
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 74 - PUBLIC OBLIGATIONS NOT PAID FOR WANT OF FUNDS › Section 74.8 - Designation of tax-exempt public warrants.

74.8 Designation of tax-exempt public warrants.
Each public issuer of warrants may designate the warrants as tax-exempt public warrants if the issuer complies with the tax-exempt reporting requirements of the federal Internal Revenue Code.
87 Acts, ch 104, §1
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 74 - PUBLIC OBLIGATIONS NOT PAID FOR WANT OF FUNDS › Section 74.9 - Payment in case of default by school.

74.9 Payment in case of default by school.
In the event a school corporation which has issued anticipatory warrants fails to pay principal or interest of its anticipatory warrants when due, upon certification by the trustee or the paying agent designated pursuant to section 76.10 to the director of the department of administrative services, the director of the department of administrative services shall withhold and directly apply, from any state appropriation to which the school corporation is entitled, so much as is certified to the trustee or the paying agent to the payment of the principal and interest on the anticipatory warrants of the school corporation then due. The obligation of the director of the department of administrative services to withhold and directly apply moneys from any state appropriation to which the school corporation is entitled does not create any moral or legal obligations of the state to pay, when due, the principal and interest on the anticipatory warrants of a school corporation. All appropriations for school corporations shall be subject to the provisions of this section.
89 Acts, ch 319, §37; 2003 Acts, ch 145, §286
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 74A - INTEREST RATES FOR PUBLIC OBLIGATIONS AND ASSESSMENTS › Section 74A.1 - Applicability.

74A.1 Applicability.
1. Except as otherwise provided by law, this chapter establishes the interest rates which are applicable to all bonds, warrants, anticipatory warrants, pledge orders, improvement certificates, and anticipation certificates issued by a governmental body or agency under the laws of this state, and the interest rates which are applicable to assessments levied by a governmental body or agency under the laws of this state against benefited properties for the retirement of public debt.
2. This chapter does not authorize the issuance of a public obligation or the levying of an assessment, and does not create an obligation to pay interest, and does not determine when interest commences or ceases to accrue.
3. This chapter does not impose an interest rate or interest rate limitation where by law the rate of interest payable on an obligation is within the discretion of the governmental body or agency, unless that discretion is expressly made subject to the limitations contained in this chapter.
[C81, §74A.1]
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 74A - INTEREST RATES FOR PUBLIC OBLIGATIONS AND ASSESSMENTS › Section 74A.2 - Unpaid warrants.

74A.2 Unpaid warrants.
A warrant not paid upon presentation for want of funds bears interest on unpaid balances at the rate in effect at the time the warrant is first presented for payment, as established by rule pursuant to section 74A.6, subsection 2. This section does not apply to an obligation which by law bears interest from the time it is issued.
[C51, §65, 153; R60, §86, 361; C73, §78, 328, 1748, 1824; C97, §104, 483, 660, 2768; S13, §104, 483; C24, 27, 31, §135, 4318, 5160, 5645, 7496; C35, §1171-f2; C39, §1171.12; C46, 50, 54, 58, 62, 66, §74.2; C71, 73, 75, 77, 79, §74.2, 455.198; C81, §74A.2]
Referred to in §74.2, 74A.6, 273.3, 285.10
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 74A - INTEREST RATES FOR PUBLIC OBLIGATIONS AND ASSESSMENTS › Section 74A.4 - Maximum rates on special assessments.

74A.4 Maximum rates on special assessments.
Except as otherwise provided by law, the rate of interest payable on unpaid balances of special assessments levied against benefited properties shall not exceed the maximum rate in effect at the time of adoption of the final assessment schedule, as established by rule pursuant to section 74A.6, subsection 2.
[C24, §47.10; C27, 31, 35, §4753-a3; C39, §3142.13, 4753.03; C46, §202.5, 311.13; C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, §202.5, 311.16, 311.17; C81, §74A.4]
Referred to in §74A.6
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 74A - INTEREST RATES FOR PUBLIC OBLIGATIONS AND ASSESSMENTS › Section 74A.6 - Rates established.

74A.6 Rates established.
1. The authority contained in this section shall be exercised by a committee composed of the treasurer of state, the superintendent of banking, the superintendent of credit unions, and the auditor of state or a designee.
2. The committee shall establish the maximum interest rate to be applicable to obligations referred to in section 74A.2, and this rate shall apply unless the parties agree to a lesser interest rate. The committee shall establish the maximum interest rate to be applicable to obligations referred to in section 74A.4.
3. The committee shall establish recommended interest rates, or formulae for determining recommended interest rates, to be applicable to obligations referred to in sections 74A.3 and 74A.7.
4. The committee from time to time shall establish one or more of the interest rates referred to in subsections 2 and 3 as may be necessary in the opinion of the committee to permit the orderly financing of governmental activities, and to minimize interest costs to governmental bodies while permitting a fair return to persons whose funds are used to finance governmental activities. The committee shall consider relevant indices of actual interest rates in the economy when establishing rates under this section, including but not necessarily limited to maximum lawful interest rates payable by depository financial institutions on customer deposits, interest rates payable on obligations issued by the United States government, and interest rates payable on obligations issued by governmental bodies other than those of this state.
5. An interest rate established by the committee under this section shall be in effect commencing on the eighth calendar day following the day the rate is established and until a new rate is established and takes effect. The committee shall give advisory notice of an interest rate established under this section. This notice may be given by publication in one or more newspapers, by publication in the Iowa administrative bulletin, by ordinary mail to persons directly affected by any other method determined by the committee, or by a combination of these. Actions of the committee under this section are exempt from chapter 17A.
6. The committee shall not establish interest rates for types or categories of obligations other than as specified in this section.
[C81, §74A.6; 81 Acts, ch 39, §1]
97 Acts, ch 33, §1
Referred to in §74A.2, 74A.4, 331.554
See §12C.6 for interest rates on public deposits
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 74A - INTEREST RATES FOR PUBLIC OBLIGATIONS AND ASSESSMENTS › Section 74A.7 - School district warrants.

74A.7 School district warrants.
1. The treasurer of a school district shall sell anticipatory warrants authorized by section 74.1, subsection 2 at a rate of interest to be determined by the board of the school district.
2. The treasurer may offer the warrants for public sale at par, by publishing notice of the sale for two consecutive weeks in a newspaper of general circulation in the jurisdiction of the school district issuing the warrants, giving not less than ten days’ notice of the time and place of the sale. The notice shall include a statement of the amount of the warrants offered for sale.
3. Sealed bids may be received at any time up to the time all bids are opened. The treasurer shall sell the warrants to the bidder offering the lowest interest rate, provided that the treasurer may reject all bids and readvertise the sale of the warrants pursuant to the provisions of this section.
4. This section applies only to school districts whose anticipated receipts allocable to the current budget are at least equal to their legally approved budget for the current year.
[C71, 73, 75, 77, 79, §74.8; C81, §74A.7]
Referred to in §74A.6, 273.3
See construction by
80 Acts, ch 1025, §77
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 74A - INTEREST RATES FOR PUBLIC OBLIGATIONS AND ASSESSMENTS › Section 74A.8 - Interest rate on issue date.

74A.8 Interest rate on issue date.
An interest rate limit, provision that no interest rate limit exists, or authorization to set interest rates, as provided by this chapter or any other law, applies to all bonds, warrants, pledge orders, certificates, obligations, or other evidences of indebtedness issued and delivered after the effective date of the provision, regardless of whether the bonds, warrants, pledge orders, certificates, obligations, or other evidences of indebtedness were authorized to be issued pursuant to election, public hearing, or otherwise before the effective date of the provision. This section operates both retroactively and prospectively.
83 Acts, ch 90, §12
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 75 - AUTHORIZATION AND SALE OF PUBLIC BONDS › Section 75.1 - Bonds — election — vote required.

75.1 Bonds — election — vote required.
1. a. When a proposition to authorize an issuance of bonds by a county, township, school corporation, city, or by any local board or commission, is submitted to the electors, such proposition shall not be deemed carried or adopted, anything in the statutes to the contrary notwithstanding, unless the vote in favor of such authorization is equal to at least sixty percent of the total vote cast for and against said proposition at said election.
b. Ballots cast but not counted as a vote for or against the proposition shall not be used in computing the total vote cast for and against said proposition.
2. When a proposition to authorize an issuance of bonds has been submitted to the electors under this section and the proposal fails to gain approval by the required percentage of votes, such proposal, or any proposal which incorporates any portion of the defeated proposal, shall not be submitted to the electors for a period of six months from the date of such regular or special election and may only be submitted on a date specified in section 39.2, subsection 4, paragraph “a”, “b”, or “c”, as applicable.
[C31, 35, §1171-d4; C39, §1171.18; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §75.1]
2008 Acts, ch 1115, §29, 71; 2009 Acts, ch 133, §20
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 75 - AUTHORIZATION AND SALE OF PUBLIC BONDS › Section 75.2 - Notice of sale.

75.2 Notice of sale.
When public bonds are offered for sale, the official in charge of the bond issue shall, by advertisement published at least once, the last one of which shall be not less than four nor more than twenty days before the sale in a newspaper located in the county or a county contiguous to the place of sale, give notice of the time and place of sale of the bonds, the amount to be offered for sale, and any further information which the official deems pertinent.
[C24, 27, 31, 35, 39, §1172; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §75.2]
83 Acts, ch 90, §13; 87 Acts, ch 43, §1
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 75 - AUTHORIZATION AND SALE OF PUBLIC BONDS › Section 75.3 - Sealed and open bids.

75.3 Sealed and open bids.
Sealed bids may be received at any time prior to the calling for open bids, if open bids are provided for in the notice of sale. After the sealed bids are all filed, the official or officials shall call for open bids, if open bids are provided for in the notice of sale. After all of the open bids have been received the substance of the best open bid shall be noted in the minutes. If open bids are not permitted in the notice of sale, sealed bids may be received until it is announced that all sealed bids shall be opened. The official or officials shall then open any sealed bids that have been filed and they shall note in the minutes the substance of the best sealed bid.
[C24, 27, 31, 35, 39, §1173; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §75.3]
83 Acts, ch 90, §14
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 75 - AUTHORIZATION AND SALE OF PUBLIC BONDS › Section 75.4 - Rejection of bids.

75.4 Rejection of bids.
Any or all bids may be rejected, and the sale may be advertised anew, in the same manner, or the bonds or any portion thereof may thereafter be sold at private sale to any one or more of such bidders, or other persons, by popular subscription or otherwise. In case of private sales, the said bonds shall be sold upon terms not less favorable to the public than the most favorable bid made by a bona fide and responsible bidder at the last advertised sale.
[C24, 27, 31, 35, 39, §1174; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §75.4]
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 75 - AUTHORIZATION AND SALE OF PUBLIC BONDS › Section 75.5 - Selling price.

75.5 Selling price.
All public bonds issued under this chapter may be sold at a price not less than ninety-eight percent of par, plus accrued interest from the date of the bonds to the date of delivery of the bonds.
[C24, 27, 31, 35, 39, §1175; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §75.5]
83 Acts, ch 90, §15
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 75 - AUTHORIZATION AND SALE OF PUBLIC BONDS › Section 75.6 - Commission and expense.

75.6 Commission and expense.
No commission shall be paid, directly or indirectly, in connection with the sale of a public bond. No expense shall be contracted or paid in connection with such sale other than the expenses incurred in advertising such bonds for sale.
[C24, 27, 31, 35, 39, §1176; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §75.6]
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 75 - AUTHORIZATION AND SALE OF PUBLIC BONDS › Section 75.7 - Penalty.

75.7 Penalty.
Any public officer who fails to perform any duty required by this chapter or who does any act prohibited by this chapter, where no other penalty is provided, shall be guilty of a simple misdemeanor.
[C24, 27, 31, 35, 39, §1177; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §75.7]
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 75 - AUTHORIZATION AND SALE OF PUBLIC BONDS › Section 75.8 - Sale of state bonds.

75.8 Sale of state bonds.
All contracts for the sale of bonds issued by the state shall be subject to the approval of the executive council.
[C24, 27, 31, 35, 39, §1178; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §75.8]
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 75 - AUTHORIZATION AND SALE OF PUBLIC BONDS › Section 75.9 - Exchange of bonds.

75.9 Exchange of bonds.
This chapter does not prevent the exchange of bonds for legal indebtedness evidenced by bonds, warrants, judgments, or otherwise as provided by law. Bonds shall not be exchanged for notes issued pursuant to section 76.13 in anticipation of the issuance of bonds.
[C24, 27, 31, 35, 39, §1179; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §75.9]
83 Acts, ch 90, §16
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 75 - AUTHORIZATION AND SALE OF PUBLIC BONDS › Section 75.10 - Denominations of bonds.

75.10 Denominations of bonds.
Notwithstanding any contrary provision in the Code, public bonds may be in one or more denominations as provided by the proceedings of the governing body authorizing their issuance.
[C66, 71, 73, 75, 77, 79, 81, §75.10]
83 Acts, ch 90, §17
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 75 - AUTHORIZATION AND SALE OF PUBLIC BONDS › Section 75.13 - Sale of bonds at private sale.

75.13 Sale of bonds at private sale.
Any other provisions of this chapter or any other law to the contrary notwithstanding, if the principal amount of an issue of public revenue bonds is fifteen million dollars or greater, the official or governing body in charge of the bond sale may, if the official or governing body deems it advisable and in the best interests of the public, sell the bonds at private sale without the necessity of public advertisement or the taking of competitive bids and at a price above, at, or below par, plus accrued interest, as the official or governing body deems advisable and in the best interests of the public.
[81 Acts, ch 40, §1]
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 75 - AUTHORIZATION AND SALE OF PUBLIC BONDS › Section 75.14 - Electronic bidding.

75.14 Electronic bidding.
Notwithstanding contrary provisions of this chapter, a public body authorized to issue bonds, notes, or other obligations may elect to receive bids to purchase such bonds, notes, or other obligations by means of electronic, internet or wireless communication; a proprietary bidding procedure or system; or by facsimile transmission to a location deemed appropriate by the governing body, in each instance as may be approved by the governing body and provided for in the notice of sale. An electronic bid shall be submitted in substantial conformity with the requirements of chapter 554D and any rules adopted pursuant to that chapter with respect to the acceptance of electronic records by a governmental agency. Additionally, before approving the use of an electronic bidding procedure, the public body shall find and determine that the specific procedure to be used will provide reasonable security and maintain the integrity of the competitive bidding process, and facilitate the delivery of bids by interested parties under the circumstances of the particular sale.
2000 Acts, ch 1189, §26
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 76 - PROVISIONS RELATED TO PUBLIC BONDS AND DEBT OBLIGATIONS › Section 76.1 - Mandatory retirement.

76.1 Mandatory retirement.
1. Issues of bonds of every kind and character by counties, cities, and school corporations shall be consecutively numbered.
2. a. The annual levy shall be sufficient to pay the interest and approximately such portion of the principal of the bonds as will retire them in a period not exceeding twenty years from date of issue, except as provided in paragraph “b”.
b. General obligation bonds issued for any of the following purposes may mature and be retired in a period not exceeding thirty years from date of issue:
(1) Purposes specified in section 331.441, subsection 2, paragraph “b”, subparagraphs (18) and (19).
(2) Purposes specified in section 384.24, subsection 3, paragraphs “w” and “x”.
(3) Purposes specified in section 384.24, subsection 3, paragraph “i”, if the bonds are issued in conjunction with a project approved by the flood mitigation board under chapter 418 and if the estimated useful life of the project, independently determined by a licensed professional engineer, is at least two hundred percent of the maturity and retirement period for the bonds.
(4) Bonds issued to refund or refinance bonds issued for the purposes specified in subparagraph (1), (2), or (3).
3. Each issue of bonds shall be scheduled to mature in the same order as numbered.
[C27, 31, 35, §1179-b1; C39, §1179.1; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §76.1]
2009 Acts, ch 100, §5, 21; 2019 Acts, ch 150, §1, 2; 2020 Acts, ch 1063, §39
Referred to in §76.2, 76.5
2023 Iowa Code › Title II - ELECTIONS AND OFFICIAL DUTIES › Chapter 76 - PROVISIONS RELATED TO PUBLIC BONDS AND DEBT OBLIGATIONS › Section 76.2 - Mandatory levy — obligations in anticipation of levy.

76.2 Mandatory levy — obligations in anticipation of levy.
1. a. The governing authority of a political subdivision specified in section 76.1, subsection 1, before issuing bonds shall, by resolution, provide for the assessment of an annual levy upon all the taxable property in the political subdivision sufficient to pay the interest and principal of the bonds within a period named not exceeding the applicable period of time specified in section 76.1. A certified copy of this resolution shall be filed with the county auditor or the auditors of the counties in which the political subdivision is located; and the filing shall make it a duty of the auditors to enter annually this levy for collection from the taxable property within the boundaries of the political subdivision until funds are realized to pay the bonds in full. The levy shall continue to be made against property that is severed from the political subdivision after the filing of the resolution until funds are realized to pay the bonds in full.
b. If the resolution is filed prior to April 1, or April 15 if the political subdivision is a county or a city, or May 1 if the political subdivision is a school district, the annual levy shall begin with the tax levy for collection commencing July 1 of that year. If the resolution is filed on or after April 1, or April 15 in the case of a county or a city, or May 1 in the case of a school district, the annual levy shall begin with the tax levy for collection in the next succeeding fiscal year. However, the governing authority of a political subdivision may adjust a levy of taxes made under this section for the purpose of adjusting the annual levies and collections for property severed from the political subdivision, subject to the approval of the director of the department of management.
2. If funds, including reserves and amounts available for temporary transfer, are found to be insufficient to pay in full any installment of principal or interest, a public issuer of bonds may anticipate the next levy of taxes pursuant to this section in the manner provided in chapter 74, whether the taxes so anticipated are to be collected in the same or a future fiscal year.
[C27, 31, 35, §1179-b2; C39, §1179.2; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §76.2]
83 Acts, ch 188, §1; 85 Acts, ch 195, §7; 85 Acts, ch 240, §1; 88 Acts, ch 1134, §20; 93 Acts, ch 1, §2; 2009 Acts, ch 100, §6, 21; 2010 Acts, ch 1061, §10; 2019 Acts, ch 59, §33; 2019 Acts, ch 165, §4, 17
Referred to in §24.9, 76.5, 275.29, 275.31, 331.512, 358.40, 423A.7, 423B.9
2019 amendment to subsection 1, paragraph b applies to city and county budgets and taxes for fiscal years beginning on or after July 1, 2020; 2019 Acts, ch 165, §17