Section 468.590 - Cities subject to debt service tax levy — rates.

IA Code § 468.590 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

468.590 Cities subject to debt service tax levy — rates.

If a county and city have entered into a joint agreement pursuant to chapter 28E to create a district and issue county general obligation bonds to fund the costs of a drainage improvement in that district, the county’s debt service tax levy for the county general obligation bonds shall not be levied against property located in any city except a city which has entered into the joint agreement.

The county and the cities entering into the joint agreement may provide in the joint agreement for a different rate of the county’s debt service tax levy against property in unincorporated areas of the county and property within those cities.

85 Acts, ch 144, §1

CS85, §331.490

89 Acts, ch 126, §2

CS89, §468.590