The Board shall, under legal provisions, conduct an election for authorization to issue bonds. The election, the issuance, the sale, the receipts from sale, and the payment of the bonds shall be made in accordance with the statutes of the State of Iowa.
Once the purpose on the ballot is completed, any balance remaining in a capital projects fund may be retained for future capital projects in accordance with the purpose stated on the ballot or any remaining balance may be transferred by board resolution to the debt service fund or the physical plant and equipment levy fund.
Revenues received from the issuing of bonded indebtedness are deposited into the capital projects fund.
Warrants shall be issued in accordance with Iowa law.
*Reviewed: 05/13/02
*Reviewed: 12/11/06
*Revised: 02/12/07
*Reviewed: 04/12/10
*Revised: 12/13/10
*Reviewed: 01/12/15
*Reviewed: 10/14/19