2009 Iowa Code
Title 2 - Elections and Official Duties
Subtitle 3 - Public Contracts and Bonds
CHAPTER 74A - INTEREST RATES FOR PUBLIC OBLIGATIONS AND ASSESSMENTS
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]