Iowa § 262.49 - 262.49 No obligation against state.
Full text of Iowa Iowa Code § 262.49 — 262.49 No obligation against state., with citation guidance and answers to common questions.
§ 262.49. 262.49 No obligation against state.
An obligation created under this subchapter shall never be nor become a charge against the state of Iowa but all such obligations, including principal and interest, shall be payable solely from any of the following: 1. The net rents, profits, and income arising from the property so pledged or mortgaged. 2. The net rents, profits, and income which has not been pledged for other purposes arising from any similar building, facility, area, or improvement under the control and management of said board. 3. The fees or charges established by said board for students attending the institution for the use or availability of the building, structure, area, facility, or improvement for which the obligation was incurred. 4. The income derived from gifts and bequests made to the institutions under the control of said board for such purposes. [C62, 66, 71, 73, 75, 77, 79, 81, §262.49] 2015 Acts, ch 30, §92; 2020 Acts, ch 1063, §119 Referred to in §262.34B, 262.50, 262A.2, 265.3 Thu Dec 11 19:24:12 2025 Iowa Code 2026, Section 262.49 (27, 0)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 262.49
What does Iowa Code § 262.49 cover?
Section 262.49 ("262.49 No obligation against 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 § 262.49?
A common citation format is "Iowa Code § 262.49" (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 § 262.49 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.