257B.40 - INTEREST CHARGED TO COUNTIES. - Iowa Statutes

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Statutes > Iowa > Title-7 > Subtitle-1 > Chapter-257b > 257b-40

        257B.40  INTEREST CHARGED TO COUNTIES.
         The director of the department of administrative services shall
      also, on the first day of January, charge to each county having
      permanent school funds under its control, interest thereon at the
      rate of three percent per annum for the preceding year, or such part
      thereof as such funds shall have been in the control of the county,
      which shall be taken as the whole amount of interest due from such
      county.  All interest collected above the three percent charged by
      the state shall be transferred to the general county fund.

Section History: Early Form

         [C73, § 1882; C97, § 2855; S13, § 2855; C24, 27, 31, 35, 39, §
      4507; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 302.40]

Section History: Recent Form

         C93, § 257B.40
         2003 Acts, ch 145, §286

State Codes and Statutes

Statutes > Iowa > Title-7 > Subtitle-1 > Chapter-257b > 257b-40

        257B.40  INTEREST CHARGED TO COUNTIES.
         The director of the department of administrative services shall
      also, on the first day of January, charge to each county having
      permanent school funds under its control, interest thereon at the
      rate of three percent per annum for the preceding year, or such part
      thereof as such funds shall have been in the control of the county,
      which shall be taken as the whole amount of interest due from such
      county.  All interest collected above the three percent charged by
      the state shall be transferred to the general county fund.

Section History: Early Form

         [C73, § 1882; C97, § 2855; S13, § 2855; C24, 27, 31, 35, 39, §
      4507; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 302.40]

Section History: Recent Form

         C93, § 257B.40
         2003 Acts, ch 145, §286

State Codes and Statutes

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State Codes and Statutes

Statutes > Iowa > Title-7 > Subtitle-1 > Chapter-257b > 257b-40

        257B.40  INTEREST CHARGED TO COUNTIES.
         The director of the department of administrative services shall
      also, on the first day of January, charge to each county having
      permanent school funds under its control, interest thereon at the
      rate of three percent per annum for the preceding year, or such part
      thereof as such funds shall have been in the control of the county,
      which shall be taken as the whole amount of interest due from such
      county.  All interest collected above the three percent charged by
      the state shall be transferred to the general county fund.

Section History: Early Form

         [C73, § 1882; C97, § 2855; S13, § 2855; C24, 27, 31, 35, 39, §
      4507; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 302.40]

Section History: Recent Form

         C93, § 257B.40
         2003 Acts, ch 145, §286