Iowa Code § 262.38

Current through bills signed by governor as of 5/17/2024

Section 262.38 - Borrowing money and mortgaging property

In carrying out the powers enumerated in this subchapter, the board may:

1. Borrow money.

2. Mortgage any real estate so acquired and the improvements erected thereon in order to secure necessary loans.

3. Pledge the rents, profits, and income received from any such property for the discharge of mortgages so executed.

Iowa Code § 262.38

Amended by 2020 Iowa, ch 1063, s 111, eff. 7/1/2020.

C27, 31, 35, §3945-a4; C39, § 3945.4; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 262.38

Referred to in §262.34B, 262A.2