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.3 - INTEREST RATES FOR PUBLIC OBLIGATIONS.

        74A.3  INTEREST RATES FOR PUBLIC OBLIGATIONS.
         1.  Except as otherwise provided by law, the rates of interest on
      obligations issued by this state, or by a county, school district,
      city, special improvement district, or any other governmental body or
      agency are as follows:
         a.  General obligation bonds, warrants, or other evidences of
      indebtedness which are payable from general taxation or from the
      state's sinking fund for public deposits may bear interest at a rate
      to be set by the issuing governmental body or agency.
         b.  Revenue bonds, warrants, pledge orders or other
      obligations, the principal and interest of which are to be paid
      solely from the revenue derived from the operations of the publicly
      owned enterprise or utility for which the bonds or obligations are
      issued, may bear interest at a rate to be set by the issuing
      governmental body or agency.
         c.  Special assessment bonds, certificates, warrants or other
      obligations, the principal and interest of which are payable from
      special assessments levied against benefited property may bear
      interest at a rate to be set by the issuing governmental body or
      agency.
         2.  The interest rates authorized by this section to be set by the
      issuing governmental body or agency shall be set in each instance by
      the governing body which, in accordance with applicable provisions of
      law then in effect, authorizes the issuance of the bonds, warrants,
      pledge orders, certificates, obligations, or other evidences of
      indebtedness.  

         Section History: Early Form

         [C73, § 289, 1821, 1822, 1843]
         [C97, § 403, 827, 843, 982, 987, 1953, 2812, 2847]
         [S13, § 170-a, 403, 409-f, 825, 1989-a26, -a27, 2812-e, 2820-d4]
         [SS15, § 1989-a12, 2812-e]
         [C24, § 287, 488, 4407, 4480, 4717, 5277, 5351, 6113, 6261, 6923,
      7484, 7501, 7505, 7644, 7664]
         [C27, § 287, 488, 1090-b4, 4407, 4480, 4753-a9, 5277, 5351, 6113,
      6261, 6923, 7484, 7501, 7505, 7644, 7664, 7714-b10]
         [C31, § 287, 488, 4407, 4480, 4644-c49, 4753-a9, 5277, 5351, 6113,
      6249, 6261, 6610-c65, 6923, 7420-b4, 7484, 7501, 7505, 7590-c4, 7644,
      7664, 7714-b10]
         [C35, § 287, 488, 4407, 4480, 4644-c49, 4753-a9, 5277, 5351, 6113,
      6249, 6261, 6610-c65, 6923, 7420-b4, 7484, 7501, 7505, 7590-c4, 7644,
      7664, 7714-b10, 7714-f10]
         [C39, § 287, 488, 3142.14, 4407, 4480, 4644.47, 4753.09, 5277,
      5351, 5570.4, 6113, 6249, 6261, 6610.71, 6923, 7420.28, 7484, 7501,
      7505, 7590.4, 7644, 7664, 7714.10, 7714.37]
         [C46, § 19.8, 37.6, 202.6, 298.22, 302.12, 309.47, 311.19, 346.3,
      347.5, 357.20, 359.45, 396.10, 408.10, 417.68, 420.276, 454.20,
      455.64, 455.79, 455.83, 455.175, 460.7, 461.14, 463.10, 464.9]
         [C50, § 19.8, 37.6, 202.6, 298.22, 302.12, 309.47, 311.28, 346.3,
      347.5, 347A.2, 357.20, 359.45, 368.59, 391A.19, 391A.30, 396.10,
      408.10, 417.68, 420.276, 454.20, 455.64, 455.175, 455.212, 460.7,
      461.14, 463.10, 464.9]
         [C54, § 19.8, 37.6, 202.6, 298.22, 302.12, 309.47, 311.28, 330.7,
      330.16, 346.3, 347.5, 347A.2, 357.20, 358.21, 359.45, 368.21,
      391A.22, 391A.33, 396.10, 417.68, 420.276, 454.20, 455.64, 455.79,
      455.83, 455.175, 455.212, 460.7, 461.14, 463.10, 464.9]
         [C58, § 19.8, 37.6, 202.6, 298.22, 302.12, 309.47, 311.28, 330.7,
      330.16, 346.3, 347.5, 347A.2, 357.20, 357A.12, 358.21, 359.45,
      368.21, 386B.10, 391A.22, 391A.33, 396.10, 403.9, 417.68, 420.276,
      454.20, 455.64, 455.79, 455.83, 455.175, 455.212, 460.7, 461.14,
      463.10, 464.9]
         [C62, § 19.8, 37.6, 111A.6, 202.6, 298.22, 302.12, 309.47, 311.28,
      330.7, 330.16, 346.3, 347.5, 347A.7, 357.20, 357A.12, 358.21, 359.45,
      368.21, 386B.10, 391A.22, 391A.33, 396.10, 403.9, 403A.13, 417.68,
      420.276, 454.20, 455.64, 455.79, 455.83, 455.175, 455.212, 460.7,
      461.14, 463.10, 464.9, 467A.33, 467A.35]
         [C66, § 19.8, 37.6, 111A.6, 202.6, 296.1, 298.22, 302.12, 309.47,
      309.73, 311.28, 330.7, 330.16, 346.3, 347.5, 347A.2, 347A.7, 357.20,
      357A.12, 358.21, 359.45, 368.21, 368.66, 386B.10, 391A.22, 391A.33,
      396.10, 403.9, 403A.13, 417.68, 420.276, 454.20, 455.64, 455.79,
      455.83, 455.175, 455.212, 460.7, 461.14, 463.10, 464.9, 467A.33,
      467A.35]
         [C71, § 19.8, 28F.8, 37.6, 111A.6, 145A.17, 202.6, 296.1, 298.22,
      302.12, 309.47, 309.73, 311.28, 330.7, 330.14, 330.16, 330A.9,
      345.16, 346.3, 346.23, 346A.3, 347.5, 347A.2, 347A.7, 357.20,
      357A.11, 357B.12, 357C.10, 358.21, 359.45, 368.21, 368.66, 386B.10,
      391A.22, 391A.33, 394.13, 396.10, 403.9, 403A.13, 417.68, 420.276,
      454.20, 455.64, 455.77, 455.79, 455.83, 455.175, 455.213, 460.7,
      461.14, 463.10, 464.9, 467A.33, 467A.35]
         [C73, § 19.8, 28F.8, 37.6, 111A.6, 145A.17, 202.6, 280A.22, 296.1,
      298.22, 302.12, 309.47, 309.73, 311.28, 330.7, 330.14, 330.16,
      330A.9, 345.16, 346.3, 346.23, 346A.3, 347.5, 347.27, 347A.2, 347A.7,
      357.20, 357A.11, 357B.12, 357C.10, 358.21, 359.45, 368.21, 368.66,
      386B.10, 391A.22, 391A.33, 394.13, 396.10, 403.9, 403A.13, 417.68,
      420.276, 454.20, 455.64, 455.77, 455.79, 455.83, 455.175, 455.213,
      460.7, 461.14, 463.10, 464.9, 467A.33, 467A.35]
         [C75, § 19.8, 28F.8, 37.6, 111A.6, 145A.17, 202.6, 280A.22, 296.1,
      298.22, 302.12, 309.47, 309.73, 311.28, 330.7, 330.14, 330.16,
      330A.9, 332.44, 345.16, 346.3, 346.23, 346.26, 346.27, 346A.3, 347.5,
      347.27, 347A.2, 347A.7, 357.20, 357A.11, 357B.12, 357C.10, 358.21,
      359.45, 384.57, 384.60, 384.68, 384.83, 394.1, 403.9, 403A.13,
      454.20, 455.64, 455.77, 455.79, 455.83, 455.175, 455.213, 460.7,
      461.14, 463.10, 464.9, 467A.33, 467A.35]
         [C77, § 19.8, 28F.8, 37.6, 75.12, 111A.6, 145A.17, 202.6, 280A.22,
      296.1, 298.22, 302.12, 309.47, 309.73, 311.28, 330.7, 330.14, 330.16,
      330A.9, 332.44, 345.16, 346.3, 346.23, 346.26, 346.27, 346A.3, 347.5,
      347.27, 347A.2, 347A.7, 357.20, 357A.11, 357B.4, 357C.10, 358.21,
      359.45, 384.57, 384.60, 384.68, 384.83, 386.12, 394.1, 403.9,
      403A.13, 454.20, 455.64, 455.77, 455.79, 455.83, 455.175, 455.213,
      460.7, 461.14, 463.10, 464.9, 467A.33, 467A.35]
         [C79, § 19.8, 28F.8, 37.6, 37.28, 75.12, 111A.6, 145A.17, 202.6,
      280A.22, 296.1, 298.22, 302.12, 309.47, 309.73, 311.28, 330.7,
      330.14, 330.16, 330A.9, 332.44, 345.16, 346.3, 346.23, 346.26,
      346.27, 346A.3, 347.5, 347.27, 347A.2, 347A.7, 357.20, 357A.11,
      357B.4, 357C.10, 358.21, 359.45, 384.57, 384.60, 384.68, 384.83,
      386.12, 394.1, 403.9, 403A.13, 454.20, 455.64, 455.77, 455.79,
      455.83, 455.175, 455.213, 460.7, 461.14, 463.10, 464.9, 467A.33,
      467A.35]
         [C81, § 74A.3] 

         Section History: Recent Form

         83 Acts, ch 90, § 11; 2008 Acts, ch 1032, §165
         Referred to in § 74A.6, 273.3, 279.48
         See construction by 80 Acts, ch 1025, § 77
         See 80 Acts, ch 1025, § 78 for bonds sold on or after June 11,
      1980, to finance an improvement