Iowa § 76.1 - 76.1 Mandatory retirement.
Full text of Iowa Iowa Code § 76.1 — 76.1 Mandatory retirement., with citation guidance and answers to common questions.
§ 76.1. 76.1 Mandatory retirement.
1. Issues of bonds of every kind and character by counties, cities, and school corporations shall be consecutively numbered. 2. a. The annual levy shall be sufficient to pay the interest and approximately such portion of the principal of the bonds as will retire them in a period not exceeding twenty years from date of issue, except as provided in paragraph “b”. b. General obligation bonds issued for any of the following purposes may mature and be retired in a period not exceeding thirty years from date of issue: (1) Purposes specified in section 331.441, subsection 2, paragraph “b”, subparagraphs (18) and (19). (2) Purposes specified in section 384.24, subsection 3, paragraphs “w” and “x”. (3) Purposes specified in section 384.24, subsection 3, paragraph “i”, if the bonds are issued in conjunction with a project approved by the flood mitigation board under chapter 418 and if the estimated useful life of the project, independently determined by a licensed professional engineer, is at least two hundred percent of the maturity and retirement period for the bonds. (4) Bonds issued to refund or refinance bonds issued for the purposes specified in subparagraph (1), (2), or (3). 3. Each issue of bonds shall be scheduled to mature in the same order as numbered. [C27, 31, 35, §1179-b1; C39, §1179.1; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §76.1] 2009 Acts, ch 100, §5, 21; 2019 Acts, ch 150, §1, 2; 2020 Acts, ch 1063, §39 Referred to in §76.2, 76.5 Wed Dec 10 22:29:13 2025 Iowa Code 2026, Section 76.1 (19, 0)
Frequently Asked Questions About Iowa § 76.1
What does Iowa Code § 76.1 cover?
Section 76.1 ("76.1 Mandatory retirement.") 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 § 76.1?
A common citation format is "Iowa Code § 76.1" (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 § 76.1 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.