2014 Iowa Code
TITLE IX - LOCAL GOVERNMENT
SUBTITLE 1 - COUNTIES
CHAPTER 346 - JOINT COUNTY AND CITY BUILDINGS
SECTION 346.24 - Limit on indebtedness for general purposes.
346.24 Limit on indebtedness for general purposes.
No county or other political corporation shall become indebted for its general or ordinary purposes to an amount exceeding in the aggregate one and one-fourth percent of the actual value of the taxable property within the corporation. The value of property shall be ascertained by the last tax list previous to the incurring of the indebtedness. Indebtedness incurred by a county solely for poor relief purposes is not for its general or ordinary purposes.
[S13, §1306-b; C24, 27, 31, 35, 39, §6238; C46, 50, 54, 58, 62, 66, 71, 73, §407.1; C75, 77, 79, 81, §346.24]
346.25 and 346.26 Repealed by 81 Acts, ch 117, § 1097.
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.
