Municipal Revenue Bonds Joint Subcommittee (J)

Charge

The scope of a study of chapter 419 bonding powers should include:
1. Consideration of what types of activities are currently
eligible for financing with tax-supported revenue bonds.
2. Comparison and review of other states' statutes, especially
those surrounding Iowa.
3. Resolution of any existing problems with the language or
format of chapter 419 and other applicable sections, so that the
law might be more easily read and understood by the public.
4. Investigation of the potential use of chapter 419 to provide
lower interest rate mortgages through the issuance of local
mortgage-backed revenue bonds.