Iowa Code § 262.38

Current through March 29, 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

2020 Acts, ch 1063, § 111

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