Iowa § 260C.61 - 260C.61 Rates, fees, and rentals — pledge.
Full text of Iowa Iowa Code § 260C.61 — 260C.61 Rates, fees, and rentals — pledge., with citation guidance and answers to common questions.
§ 260C.61. 260C.61 Rates, fees, and rentals — pledge.
If bonds or notes are issued by a board, the board shall establish, impose, and collect rates, fees or rentals for the use of and services provided by the residence halls and dormitories, including dining and other incidental facilities therefor, at the institution on behalf of which the bonds or notes are issued, shall adjust the rates, fees, or rentals from time to time, in order to always provide net amounts sufficient to pay the principal of and interest on the bonds or notes as they become due, and shall maintain a reserve. The board may pledge a sufficient amount of the net rents, profits and income derived from the operation of residence halls and dormitories, including dining and other facilities, at the institution for this purpose. Rates, fees, or rentals collected at one institution shall not be used to discharge bonds or notes issued for or on account of another institution. All bonds or notes issued under the terms of this subchapter shall be exempt from taxation by the state of Iowa and the interest on the bonds or notes is exempt from the state income tax. 90 Acts, ch 1253, §63 C91, §280A.61 C93, §260C.61 2014 Acts, ch 1026, §143 Referred to in §422.7(2)(k) Thu Dec 11 19:22:12 2025 Iowa Code 2026, Section 260C.61 (23, 0)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 260C.61
What does Iowa Code § 260C.61 cover?
Section 260C.61 ("260C.61 Rates, fees, and rentals — pledge.") is part of the Iowa Code, the codified statutory law of Iowa. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Iowa § 260C.61?
A common citation format is "Iowa Code § 260C.61" (Iowa). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Iowa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Iowa official source linked on this page or consult a licensed Iowa attorney.
How does Iowa § 260C.61 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Iowa can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Iowa.