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.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