Iowa Code § 28J.13
This is the official text of Iowa Code § 28J.13, part of Iowa’s Code — part of the compiled statutory law of Iowa, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Annual budget — use of rents and charges.
Official statutory text
The board shall annually prepare a budget for the port authority. Revenues received by the port authority shall be used for the general expenses of the port authority and to pay interest, amortization, and retirement charges on money borrowed. Except as provided in section 28J.26, if there remains, at the end of any fiscal year, a surplus of such funds after providing for the above uses, the board shall pay such surplus into the general funds of the political subdivisions comprising the port authority as agreed to by the subdivisions.
2005 Acts, ch 150, §101
2005 Acts, ch 150, §101
Status: in_force · Read it on the official government site
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