Iowa § 261A.14 - 261A.14 Payment of obligations — nonliability of state.
Full text of Iowa Iowa Code § 261A.14 — 261A.14 Payment of obligations — nonliability of state., with citation guidance and answers to common questions.
§ 261A.14. 261A.14 Payment of obligations — nonliability of state.
1. Obligations are obligations of the authority only, and not of the state of Iowa. Each obligation shall state upon its face that it represents and constitutes a debt of the authority, but not of the state of Iowa within the meaning of any constitutional or statutory limitation, and that it does not constitute a pledge of the full faith and credit of the authority or of the state of Iowa. The obligations shall not grant to the owners or holders of the obligations the right to have the authority or the state levy taxes or appropriate funds for the payment of the principal or interest on the obligations. The obligations are payable, and shall state that they are payable, solely from the revenues pledged for their payment in accordance with the bond resolution. 2. This chapter does not authorize the authority or any department, board, commission, or other agency to create an obligation of the state within the meaning of the Constitution or laws of the State of Iowa. [82 Acts, ch 1031, §14] 2006 Acts, ch 1010, §80 Referred to in §261A.24 Thu Dec 11 19:22:51 2025 Iowa Code 2026, Section 261A.14 (21, 0)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 261A.14
What does Iowa Code § 261A.14 cover?
Section 261A.14 ("261A.14 Payment of obligations — nonliability of state.") 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 § 261A.14?
A common citation format is "Iowa Code § 261A.14" (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 § 261A.14 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.