Section 419.17 – Revenue bonds issued.
419.17 Revenue bonds issued. 1. Cities may also issue revenue bonds for projects located within a qualified urban renewal area or an area designated a revitalization area pursuant to sections 404.1 through 404.7. The revenue bonds shall be issued pursuant to the provisions of this chapter and all provisions of this chapter shall apply, except […]
Section 419.18 – Grain and soybean storage facilities — bonds issued.
419.18 Grain and soybean storage facilities — bonds issued. In order to provide greater sources of financing and to encourage an increase in the capacity of grain and soybean storage facilities within the state, cities and counties may issue revenue bonds, to be originally purchased by financial institutions or other bond purchasers which are located […]
Section 419.8 – No payment by municipality.
419.8 No payment by municipality. Repealed by 2009 Acts, ch 100, §20, 21 .
Section 419.9 – Public hearing.
419.9 Public hearing. Prior to the issuance of any bonds under authority of this chapter, the municipality shall conduct a public hearing on the proposal to issue said bonds. Notice of intention to issue the bonds, specifying the amount and purpose thereof and the time and place of hearing, shall be published at least once […]
Section 419.10 – Default.
419.10 Default. In case of a default in the payment of any revenue bonds, issued pursuant to the provisions of this chapter, the municipality which defaulted in such payment shall be precluded from entering into any activity of its own except to release the property for some industrial activity. [C66, 71, 73, 75, 77, 79, […]
Section 419.11 – Tax equivalent to be paid — assessment procedure — appeal.
419.11 Tax equivalent to be paid — assessment procedure — appeal. 1. a. Any municipality acquiring, purchasing, constructing, reconstructing, improving, or extending any industrial buildings, buildings used as headquarters facilities or pollution control facilities, as provided in this chapter, shall annually pay out of the revenue from such industrial buildings, buildings used as headquarters facilities […]
Section 419.12 – Purchase.
419.12 Purchase. The municipality may accept any bona fide offer to purchase which is sufficient to pay all the outstanding bonds, interest, taxes, special levies, and other costs that have been incurred. [C66, 71, 73, 75, 77, 79, 81, §419.12]
Section 419.13 – Exception to budget law and certain bond provisions.
419.13 Exception to budget law and certain bond provisions. The provisions of sections 73A.12 through 73A.16 shall not apply to bonds issued under the provisions of this chapter. [C66, 71, 73, 75, 77, 79, 81, §419.13] 2021 Acts, ch 80, §246 Section amended
Section 419.14 – Eminent domain not available.
419.14 Eminent domain not available. No land acquired by a municipality by the exercise of condemnation through eminent domain can be used to effectuate the purposes of this chapter. [C66, 71, 73, 75, 77, 79, 81, §419.14] Referred to in §419.17
Section 419.15 – Limitation of actions.
419.15 Limitation of actions. No action shall be brought questioning the legality of any contract, lease, mortgage, proceedings or bonds executed in connection with any project or improvements authorized by this chapter from and after three months from the time the bonds are ordered issued by the proper authority. [C66, 71, 73, 75, 77, 79, […]