161A.22 GENERAL POWERS APPLICABLE -- WARRANTS OR
BONDS.
A subdistrict organized under this chapter has all of the powers
of a soil and water conservation district in addition to other powers
granted to the subdistrict in other sections of this chapter.
The governing body of the subdistrict, upon determination that
benefits from works of improvement as set forth in the watershed work
plan to be installed will exceed costs thereof, and that funds needed
for purposes of the subdistrict require levy of a special benefit
assessment as provided in section 161A.23, in lieu of the special
annual tax as provided in section 161A.20, shall record its decision
to use its taxing authority and, upon majority vote of the governing
body and with the approval of the state soil conservation committee,
may issue warrants or bonds payable in not more than forty semiannual
installments in connection with the special benefit assessment, and
pledge and assign the proceeds of the special benefit assessment and
other revenues of the subdistrict as security for the warrants or
bonds. The warrants and bonds of indebtedness are general
obligations of the subdistrict, exempt from all taxes, state and
local, and are not indebtedness of the soil and water conservation
district or the state of Iowa.
161A.22 GENERAL POWERS APPLICABLE -- WARRANTS OR
BONDS.
A subdistrict organized under this chapter has all of the powers
of a soil and water conservation district in addition to other powers
granted to the subdistrict in other sections of this chapter.
The governing body of the subdistrict, upon determination that
benefits from works of improvement as set forth in the watershed work
plan to be installed will exceed costs thereof, and that funds needed
for purposes of the subdistrict require levy of a special benefit
assessment as provided in section 161A.23, in lieu of the special
annual tax as provided in section 161A.20, shall record its decision
to use its taxing authority and, upon majority vote of the governing
body and with the approval of the state soil conservation committee,
may issue warrants or bonds payable in not more than forty semiannual
installments in connection with the special benefit assessment, and
pledge and assign the proceeds of the special benefit assessment and
other revenues of the subdistrict as security for the warrants or
bonds. The warrants and bonds of indebtedness are general
obligations of the subdistrict, exempt from all taxes, state and
local, and are not indebtedness of the soil and water conservation
district or the state of Iowa.
161A.22 GENERAL POWERS APPLICABLE -- WARRANTS OR
BONDS.
A subdistrict organized under this chapter has all of the powers
of a soil and water conservation district in addition to other powers
granted to the subdistrict in other sections of this chapter.
The governing body of the subdistrict, upon determination that
benefits from works of improvement as set forth in the watershed work
plan to be installed will exceed costs thereof, and that funds needed
for purposes of the subdistrict require levy of a special benefit
assessment as provided in section 161A.23, in lieu of the special
annual tax as provided in section 161A.20, shall record its decision
to use its taxing authority and, upon majority vote of the governing
body and with the approval of the state soil conservation committee,
may issue warrants or bonds payable in not more than forty semiannual
installments in connection with the special benefit assessment, and
pledge and assign the proceeds of the special benefit assessment and
other revenues of the subdistrict as security for the warrants or
bonds. The warrants and bonds of indebtedness are general
obligations of the subdistrict, exempt from all taxes, state and
local, and are not indebtedness of the soil and water conservation
district or the state of Iowa.
