Iowa § 261A.3 - 261A.3 Legislative findings.
Full text of Iowa Iowa Code § 261A.3 — 261A.3 Legislative findings., with citation guidance and answers to common questions.
§ 261A.3. 261A.3 Legislative findings.
The general assembly finds as follows: 1. The establishment of the authority is in all respects for the benefit of the people of the state of Iowa, for the improvement of their education, health and welfare, and for the promotion of the economy, which are public purposes. 2. The authority will be performing an essential governmental function in the exercise of the powers and duties conferred upon it by this chapter. 3. There exists a serious problem in this state regarding the ability of students to obtain financing for the cost of education beyond the high school level. 4. Escalating costs of securing such an education have contributed to the difficulties faced by students in attempting to finance an education. 5. Without public action as contemplated by this chapter, many students will be forced to postpone or abandon plans for obtaining additional education. 6. It is in the interests and welfare of the citizens of the state to provide a means for assisting students to continue their education. 7. Without public action as contemplated by this chapter, the inability to obtain educational financing will result in declining enrollments at institutions of higher education. 8. It is necessary to create a higher education loan authority to encourage the investment of private capital in the provision of funds for the financing of student loans. 9. All of the purposes stated in this section are public purposes and uses for which public moneys may be borrowed, expended, advanced, loaned, or granted. [82 Acts, ch 1031, §3] Referred to in §261A.24 Thu Dec 11 19:22:45 2025 Iowa Code 2026, Section 261A.3 (19, 0)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 261A.3
What does Iowa Code § 261A.3 cover?
Section 261A.3 ("261A.3 Legislative findings.") 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.3?
A common citation format is "Iowa Code § 261A.3" (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.3 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.