Code No. 801.7
Financing Sites and Construction
Prior to the approval of a construction contract, except emergency construction, the board shall review methods for financing the project. The board may use the means it deems necessary to pay for the purchase of sites and construction. In determining the means of financing for these purposes, the board shall consider the financial position of the school district and the uses allowed for the monies of the school district.
It shall be the responsibility of the board secretary to analyze the various methods of financing for the purchase of sites and construction and make a recommendation to the board.
Legal Reference: Harney v. Clear Creek Community School District, 261
Iowa 315, 154 N. W. 2d 88 (1967).
Ligget V. Abbott, 192 Iowa 742, 185 N. W. 569 (1921).
Iowa Chapters 23, 74, 74A, 75, 278.1, 296, 297, 298 (1989).
1935 Op. Att’y Gen. 423
1972 Op. Att’y Gen. 295
1974 Op. Att’y Gen. 598
1938 Op. Att’y Gen. 167
Cross Reference: 700 Series Expenditures
800 Series Site Acquisition and Building Construction
Approved: May 8, 1989
Reviewed: August 19, 2103
Reviewed: November 18, 2019
Revised: