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House Journal: Page 1343: Thursday, April 6, 1995

Page 11

 1   paid when due, shall constitute a lien upon the real
 2   property served by a connection.  The lien shall have
 3   equal precedence with ordinary taxes, may be certified
 4   to the county treasurer and collected in the same
 5   manner as taxes, and is not divested by a judicial
 6   sale.
 7     2.  Sewer rentals, charges, or rates may supplant
 8   or replace, in whole or in part, any monetary levy of
 9   taxes which may be, or have been, authorized by the
10   board of trustees for any of the following purposes:
11     a.  To meet interest and principal payments on
12   bonds legally authorized for the financing of sanitary
13   utilities in any manner.
14     b.  To pay costs of the construction, maintenance,
15   or repair of the facilities or utilities, including
16   payments to be made under any contract between
17   municipalities for either the joint use of water or
18   sewage facilities, or for the use by one municipality
19   of all or a part of the water or sewer system of
20   another municipality.
21     Sec. 15.  NEW SECTION.  358C.15  DEBT LIMIT --
22   BORROWING -- BONDS -- PURPOSES.
23     1.  A district may borrow money for its corporate
24   purposes, but shall not become indebted in any manner
25   or for any purpose to an amount in the aggregate
26   exceeding its constitutional debt limit of five
27   percent on the value of the taxable property within
28   the district, to be ascertained by the last state and
29   county tax lists previous to the incurring of the
30   indebtedness.  Indebtedness within this constitutional
31   limit shall not include the indebtedness of any other
32   municipal corporation located wholly or partly within
33   the boundaries of the district, special assessment
34   bonds or obligations authorized under section 358C.16,
35   or revenue bonds authorized under section 358C.17.
36     2.  Subject only to this debt limitation, a
37   district shall have the same powers to issue bonds,
38   including both general obligation and revenue bonds,
39   which cities have under the laws of this state.  In
40   the application of the laws to this chapter, the words
41   used in the laws referring to municipal corporations
42   or to cities shall be held to include real estate
43   improvement districts organized under this chapter;
44   the words "council" or "city council" shall be held to
45   include the board of trustees of a district; the words
46   "mayor" and "clerk" shall be held to include the
47   president and clerk of a board of trustees; and like
48   construction shall be given to any other words in the
49   laws where required to permit the exercise of the
50   powers by real estate improvement districts.

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 1)

© 1995 Cornell College and League of Women Voters of Iowa

Comments? hjourn@legis.iowa.gov.

Last update: Sun Jan 14 21:05:02 CST 1996
URL: /DOCS/GA/76GA/Session.1/HJournal/01300/01343.html
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