2009 Iowa Code
Title 2 - Elections and Official Duties
Subtitle 3 - Public Contracts and Bonds
CHAPTER 74 - PUBLIC OBLIGATIONS NOT PAID FOR WANT OF FUNDS
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.  

         Section History: Early Form

         [C35, § 1171-f1; C39, § 1171.11; C46, 50, 54, 58, 62, 66, 71,
      73, 75, 77, 79, 81, § 74.1] 

         Section History: Recent Form

         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