257B.10 - UNIFORM INTEREST DATE. - Iowa Statutes

State Codes and Statutes

Statutes > Iowa > Title-7 > Subtitle-1 > Chapter-257b > 257b-10

        257B.10  UNIFORM INTEREST DATE.
         If money is due to the permanent school fund, either for loans or
      deferred payments of the purchase price of land sold, the interest
      shall be made payable on the first day of January each year, and if
      the debtor fails to pay the interest within six months of the date it
      is due, the entire amount of both principal and interest shall become
      due, and the county auditor shall report the nonpayment to the county
      attorney, who shall immediately commence action for the collection of
      the amount reported as due.  This section is a part of a contract
      made by virtue of this chapter, whether expressed in the contract or
      not.

Section History: Early Form

         [R60, § 1975, 1979; C73, § 1854, 1855; C97, § 2846; C24, 27, 31,
      35, 39, § 4478; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81,
      § 302.10]

Section History: Recent Form

         83 Acts, ch 185, § 13, 62
         C93, § 257B.10

State Codes and Statutes

Statutes > Iowa > Title-7 > Subtitle-1 > Chapter-257b > 257b-10

        257B.10  UNIFORM INTEREST DATE.
         If money is due to the permanent school fund, either for loans or
      deferred payments of the purchase price of land sold, the interest
      shall be made payable on the first day of January each year, and if
      the debtor fails to pay the interest within six months of the date it
      is due, the entire amount of both principal and interest shall become
      due, and the county auditor shall report the nonpayment to the county
      attorney, who shall immediately commence action for the collection of
      the amount reported as due.  This section is a part of a contract
      made by virtue of this chapter, whether expressed in the contract or
      not.

Section History: Early Form

         [R60, § 1975, 1979; C73, § 1854, 1855; C97, § 2846; C24, 27, 31,
      35, 39, § 4478; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81,
      § 302.10]

Section History: Recent Form

         83 Acts, ch 185, § 13, 62
         C93, § 257B.10

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Iowa > Title-7 > Subtitle-1 > Chapter-257b > 257b-10

        257B.10  UNIFORM INTEREST DATE.
         If money is due to the permanent school fund, either for loans or
      deferred payments of the purchase price of land sold, the interest
      shall be made payable on the first day of January each year, and if
      the debtor fails to pay the interest within six months of the date it
      is due, the entire amount of both principal and interest shall become
      due, and the county auditor shall report the nonpayment to the county
      attorney, who shall immediately commence action for the collection of
      the amount reported as due.  This section is a part of a contract
      made by virtue of this chapter, whether expressed in the contract or
      not.

Section History: Early Form

         [R60, § 1975, 1979; C73, § 1854, 1855; C97, § 2846; C24, 27, 31,
      35, 39, § 4478; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81,
      § 302.10]

Section History: Recent Form

         83 Acts, ch 185, § 13, 62
         C93, § 257B.10