The board may conduct an election for the authority to issue bonded indebtedness. Revenues generated from an approved bond issue shall be used only for the purpose stated on the ballot. Use of excess funds in the account for any other purpose requires the approval of the voters in the school district community.
Revenues received from the issuing of bonded indebtedness shall be deposited into the schoolhouse fund.
Legal Reference: Iowa Code §§278.1(7), 291.13, 74-76, 298 (1991)
Cross Reference: 801 Financial Accounting System
804 Revenue
Approved: 4-23-92
Reviewed: 1-08-24
Revised:
