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:
