901.08 - Financing Sites and Construction

Prior to the approval of a construction contract, except emergency construction, the board shall review methods for financing the project.  The board may use the means it deems necessary to pay for the purchase of sites and construction.  In determining the means of financing for these purposes, the board shall consider the financial position of the school district and the uses allowed for the monies of the school district.

It shall be the responsibility of the board secretary to analyze the various methods of financing for the purchase of sites and construction and make a recommendation to the board.

 

 

Legal Reference:  Harney v Clear Creek Community School District, 261
                                      Iowa 315, 154 N.W.2d 88 (1967)
                                      Ligget v Abbott, 192 Iowa 742, 185 N.W. 569 (1921)
                                      Iowa Code §§23, 74, 74A, 75, 278.1, 296, 297, 298 (1991)
                                      1936 Op. Att’y Gen. 423
                                      1972 Op. Att’y Gen.
                                      1974 Op. Att’y Gen. 598
                                      1938 Op. Att’y Gen. 167

Cross Reference:  901        Site Acquisition and Building Construction
                                      805        Expenditures

Approved:  6-8-92                
Reviewed:  3-08-21              
Revised: