262A.1 - DECLARATION OF INSUFFICIENT STATE REVENUE. - Iowa Statutes

262A.1 DECLARATION OF INSUFFICIENT STATE REVENUE. The general assembly hereby determines that the annual revenues of the state are insufficient to finance the immediate building requirements and other facilities and utilities services requirements of the institutions of higher learning under the jurisdiction of the state board of regents and in order to provide these buildings, facilities and utilities services when they are needed, it is necessary to authorize the issuance of revenue bonds by the state board of regents, subject to the restrictions and limitations hereinafter set forth. It is the intent of the general assembly that revenue bonds issued for academic and administrative buildings and facilities and utilities services shall supplement and not supplant legislative appropriations for the same or similar purposes.          Section History: Early Form [C71, 73, 75, 77, 79, 81, § 262A.1]