28J.13  ANNUAL BUDGET -- USE OF RENTS AND CHARGES.
 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.
         Section History: Recent Form

 2005 Acts, ch 150, §101