Iowa § 261A.8 - 261A.8 Powers of authority.
Full text of Iowa Iowa Code § 261A.8 — 261A.8 Powers of authority., with citation guidance and answers to common questions.
§ 261A.8. 261A.8 Powers of authority.
The authority may: 1. Sue and be sued in its own name, plead and be impleaded. 2. Employ consultants, attorneys, accountants, financial experts, loan processors, bankers, managers, and other employees and agents necessary in the authority’s judgment, and fix their compensation. 3. When refunding obligations are issued to refund obligations, the proceeds of which were used to make authority loans, reduce the amount it is owed by the institutions which had received authority loans from the proceeds of the refunded obligations. The institutions may use this reduced amount to reduce the amount of interest being paid on education loans which the institutions had made pursuant to the authority loans from the proceeds of the refunded obligations. [82 Acts, ch 1031, §8] Referred to in §261A.24 Thu Dec 11 19:22:48 2025 Iowa Code 2026, Section 261A.8 (19, 0)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 261A.8
What does Iowa Code § 261A.8 cover?
Section 261A.8 ("261A.8 Powers of authority.") 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.8?
A common citation format is "Iowa Code § 261A.8" (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.8 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.