2009 Iowa Code
Title 8 - Transportation
Subtitle 1 - Highways and Waterways
CHAPTER 313A - INTERSTATE BRIDGES
313A.33 - NO OBLIGATION OF STATE.

        313A.33  NO OBLIGATION OF STATE.
         Under no circumstances shall any bonds issued under the terms of
      this chapter be or become or be construed to constitute a debt of or
      charge against the state of Iowa within the purview of any
      constitutional or statutory limitation or provision.  No taxes,
      appropriations or other funds of the state of Iowa may be pledged for
      or used to pay such bonds or the interest thereon, but any such bonds
      shall be payable solely and only as to both principal and interest
      from the tolls and revenues derived from the operation of any toll
      bridge or toll bridges acquired, purchased, or constructed under this
      chapter, and the sole remedy for any breach or default of the terms
      of any such bonds or proceedings for their issuance shall be a
      proceeding either in law or in equity by suit, action or mandamus to
      enforce and compel performance of the duties required by this chapter
      and the terms of the resolution under which such bonds are issued.
      
         Section History: Early Form
         [C71, 73, 75, 77, 79, 81, § 313A.33]

Disclaimer: These codes may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.