28J.1 DEFINITIONS.
As used in this chapter, unless the context otherwise requires:
1. "Authorized purposes" means an activity that enhances,
fosters, aids, provides, or promotes transportation, economic
development, housing, recreation, education, governmental operations,
culture, or research within the jurisdiction of a port authority.
2. "Board" means the board of directors of a port authority
established pursuant to section 28J.2.
3. "City" means the same as defined in section 362.2.
4. "Construction" means alteration, creation, development,
enlargement, erection, improvement, installation, reconstruction,
remodeling, and renovation.
5. "Contracting governmental agency" means any governmental
agency or taxing district of the state that, by action of its
legislative authority, enters into an agreement with a port authority
pursuant to section 28J.17.
6. "Cost" as applied to a port authority facility means any
of the following:
a. The cost of construction contracts, land, rights-of-way,
property rights, easements, franchise rights, and interests required
for acquisition or construction.
b. The cost of demolishing or removing any buildings or
structures on land, including the cost of acquiring any lands to
which those buildings or structures may be moved.
c. The cost of diverting a highway, interchange of a highway,
and access roads to private property, including the cost of land or
easements, and relocation of a facility of a utility company or
common carrier.
d. The cost of machinery, furnishings, equipment, financing
charges, interest prior to and during construction and for no more
than twelve months after completion of construction, engineering, and
expenses of research and development with respect to a facility.
e. Legal and administrative expenses, plans, specifications,
surveys, studies, estimates of cost and revenues, engineering
services, and other expenses necessary or incident to determining the
feasibility or practicability of acquiring or constructing a
facility.
f. The interest upon the revenue bonds and pledge orders
during the period or estimated period of construction and for twelve
months thereafter, or for twelve months after the acquisition date,
reserve funds as the port authority deems advisable in connection
with a facility and the issuance of port authority revenue bonds and
pledge orders.
g. The costs of issuance of port authority revenue bonds and
pledge orders.
h. The cost of diverting a rail line, rail spur track, or
rail spur track switch, including the cost of land or easements, and
relocation of a facility of a utility company or common carrier.
i. The cost of relocating an airport's runways, terminals,
and related facilities including the cost of land or easements, and
relocation of a facility of a utility company or common carrier.
7. "Facility" or "port authority facility" means real or
personal property owned, leased, or otherwise controlled or financed
by a port authority and related to or in furtherance of one or more
authorized purposes.
8. "Governmental agency" means a department, division, or
other unit of state government of this state or any other state,
city, county, township, or other governmental subdivision, or any
other public corporation or agency created under the laws of this
state, any other state, the United States, or any department or
agency thereof, or any agency, commission, or authority established
pursuant to an interstate compact or agreement or combination
thereof.
9. "Person" means the same as defined in section 4.1.
10. "Pledge order" means a promise to pay out of the net
revenues of a port authority, which is delivered to a contractor or
other person in payment of all or part of the cost of a facility.
11. "Political subdivision" means a city, county, city-county
consolidation, or multicounty consolidation, or combination thereof.
12. "Political subdivisions comprising the port authority"
means the political subdivisions which created or participated in the
creation of the port authority under section 28J.2, or which joined
an existing port authority under section 28J.4.
13. "Port authority" means an entity created pursuant to
section 28J.2.
14. "Port authority revenue bonds" means revenue bonds and
revenue refunding bonds issued pursuant to section 28J.21.
15. "Public roads" means all public highways, roads, and
streets in this state, whether maintained by the state or by a county
or city.
16. "Revenues" means rental fees and other charges received
by a port authority for the use or services of a facility, a gift or
grant received with respect to a facility, moneys received with
respect to the lease, sublease, sale, including installment sale or
conditional sale, or other disposition of a facility, moneys received
in repayment of and for interest on any loans made by the port
authority to a person or governmental agency, proceeds of port
authority revenue bonds for payment of principal, premium, or
interest on the bonds authorized by the port authority, proceeds from
any insurance, condemnation, or guarantee pertaining to the financing
of the facility, and income and profit from the investment of the
proceeds of port authority revenue bonds or of any revenues.
28J.1 DEFINITIONS.
As used in this chapter, unless the context otherwise requires:
1. "Authorized purposes" means an activity that enhances,
fosters, aids, provides, or promotes transportation, economic
development, housing, recreation, education, governmental operations,
culture, or research within the jurisdiction of a port authority.
2. "Board" means the board of directors of a port authority
established pursuant to section 28J.2.
3. "City" means the same as defined in section 362.2.
4. "Construction" means alteration, creation, development,
enlargement, erection, improvement, installation, reconstruction,
remodeling, and renovation.
5. "Contracting governmental agency" means any governmental
agency or taxing district of the state that, by action of its
legislative authority, enters into an agreement with a port authority
pursuant to section 28J.17.
6. "Cost" as applied to a port authority facility means any
of the following:
a. The cost of construction contracts, land, rights-of-way,
property rights, easements, franchise rights, and interests required
for acquisition or construction.
b. The cost of demolishing or removing any buildings or
structures on land, including the cost of acquiring any lands to
which those buildings or structures may be moved.
c. The cost of diverting a highway, interchange of a highway,
and access roads to private property, including the cost of land or
easements, and relocation of a facility of a utility company or
common carrier.
d. The cost of machinery, furnishings, equipment, financing
charges, interest prior to and during construction and for no more
than twelve months after completion of construction, engineering, and
expenses of research and development with respect to a facility.
e. Legal and administrative expenses, plans, specifications,
surveys, studies, estimates of cost and revenues, engineering
services, and other expenses necessary or incident to determining the
feasibility or practicability of acquiring or constructing a
facility.
f. The interest upon the revenue bonds and pledge orders
during the period or estimated period of construction and for twelve
months thereafter, or for twelve months after the acquisition date,
reserve funds as the port authority deems advisable in connection
with a facility and the issuance of port authority revenue bonds and
pledge orders.
g. The costs of issuance of port authority revenue bonds and
pledge orders.
h. The cost of diverting a rail line, rail spur track, or
rail spur track switch, including the cost of land or easements, and
relocation of a facility of a utility company or common carrier.
i. The cost of relocating an airport's runways, terminals,
and related facilities including the cost of land or easements, and
relocation of a facility of a utility company or common carrier.
7. "Facility" or "port authority facility" means real or
personal property owned, leased, or otherwise controlled or financed
by a port authority and related to or in furtherance of one or more
authorized purposes.
8. "Governmental agency" means a department, division, or
other unit of state government of this state or any other state,
city, county, township, or other governmental subdivision, or any
other public corporation or agency created under the laws of this
state, any other state, the United States, or any department or
agency thereof, or any agency, commission, or authority established
pursuant to an interstate compact or agreement or combination
thereof.
9. "Person" means the same as defined in section 4.1.
10. "Pledge order" means a promise to pay out of the net
revenues of a port authority, which is delivered to a contractor or
other person in payment of all or part of the cost of a facility.
11. "Political subdivision" means a city, county, city-county
consolidation, or multicounty consolidation, or combination thereof.
12. "Political subdivisions comprising the port authority"
means the political subdivisions which created or participated in the
creation of the port authority under section 28J.2, or which joined
an existing port authority under section 28J.4.
13. "Port authority" means an entity created pursuant to
section 28J.2.
14. "Port authority revenue bonds" means revenue bonds and
revenue refunding bonds issued pursuant to section 28J.21.
15. "Public roads" means all public highways, roads, and
streets in this state, whether maintained by the state or by a county
or city.
16. "Revenues" means rental fees and other charges received
by a port authority for the use or services of a facility, a gift or
grant received with respect to a facility, moneys received with
respect to the lease, sublease, sale, including installment sale or
conditional sale, or other disposition of a facility, moneys received
in repayment of and for interest on any loans made by the port
authority to a person or governmental agency, proceeds of port
authority revenue bonds for payment of principal, premium, or
interest on the bonds authorized by the port authority, proceeds from
any insurance, condemnation, or guarantee pertaining to the financing
of the facility, and income and profit from the investment of the
proceeds of port authority revenue bonds or of any revenues.
28J.1 DEFINITIONS.
As used in this chapter, unless the context otherwise requires:
1. "Authorized purposes" means an activity that enhances,
fosters, aids, provides, or promotes transportation, economic
development, housing, recreation, education, governmental operations,
culture, or research within the jurisdiction of a port authority.
2. "Board" means the board of directors of a port authority
established pursuant to section 28J.2.
3. "City" means the same as defined in section 362.2.
4. "Construction" means alteration, creation, development,
enlargement, erection, improvement, installation, reconstruction,
remodeling, and renovation.
5. "Contracting governmental agency" means any governmental
agency or taxing district of the state that, by action of its
legislative authority, enters into an agreement with a port authority
pursuant to section 28J.17.
6. "Cost" as applied to a port authority facility means any
of the following:
a. The cost of construction contracts, land, rights-of-way,
property rights, easements, franchise rights, and interests required
for acquisition or construction.
b. The cost of demolishing or removing any buildings or
structures on land, including the cost of acquiring any lands to
which those buildings or structures may be moved.
c. The cost of diverting a highway, interchange of a highway,
and access roads to private property, including the cost of land or
easements, and relocation of a facility of a utility company or
common carrier.
d. The cost of machinery, furnishings, equipment, financing
charges, interest prior to and during construction and for no more
than twelve months after completion of construction, engineering, and
expenses of research and development with respect to a facility.
e. Legal and administrative expenses, plans, specifications,
surveys, studies, estimates of cost and revenues, engineering
services, and other expenses necessary or incident to determining the
feasibility or practicability of acquiring or constructing a
facility.
f. The interest upon the revenue bonds and pledge orders
during the period or estimated period of construction and for twelve
months thereafter, or for twelve months after the acquisition date,
reserve funds as the port authority deems advisable in connection
with a facility and the issuance of port authority revenue bonds and
pledge orders.
g. The costs of issuance of port authority revenue bonds and
pledge orders.
h. The cost of diverting a rail line, rail spur track, or
rail spur track switch, including the cost of land or easements, and
relocation of a facility of a utility company or common carrier.
i. The cost of relocating an airport's runways, terminals,
and related facilities including the cost of land or easements, and
relocation of a facility of a utility company or common carrier.
7. "Facility" or "port authority facility" means real or
personal property owned, leased, or otherwise controlled or financed
by a port authority and related to or in furtherance of one or more
authorized purposes.
8. "Governmental agency" means a department, division, or
other unit of state government of this state or any other state,
city, county, township, or other governmental subdivision, or any
other public corporation or agency created under the laws of this
state, any other state, the United States, or any department or
agency thereof, or any agency, commission, or authority established
pursuant to an interstate compact or agreement or combination
thereof.
9. "Person" means the same as defined in section 4.1.
10. "Pledge order" means a promise to pay out of the net
revenues of a port authority, which is delivered to a contractor or
other person in payment of all or part of the cost of a facility.
11. "Political subdivision" means a city, county, city-county
consolidation, or multicounty consolidation, or combination thereof.
12. "Political subdivisions comprising the port authority"
means the political subdivisions which created or participated in the
creation of the port authority under section 28J.2, or which joined
an existing port authority under section 28J.4.
13. "Port authority" means an entity created pursuant to
section 28J.2.
14. "Port authority revenue bonds" means revenue bonds and
revenue refunding bonds issued pursuant to section 28J.21.
15. "Public roads" means all public highways, roads, and
streets in this state, whether maintained by the state or by a county
or city.
16. "Revenues" means rental fees and other charges received
by a port authority for the use or services of a facility, a gift or
grant received with respect to a facility, moneys received with
respect to the lease, sublease, sale, including installment sale or
conditional sale, or other disposition of a facility, moneys received
in repayment of and for interest on any loans made by the port
authority to a person or governmental agency, proceeds of port
authority revenue bonds for payment of principal, premium, or
interest on the bonds authorized by the port authority, proceeds from
any insurance, condemnation, or guarantee pertaining to the financing
of the facility, and income and profit from the investment of the
proceeds of port authority revenue bonds or of any revenues.
