Statutes > Iowa Statutes > Title 1 - State Sovereignty and Management > Subtitle 9 - Restraints on Government > CHAPTER 24 - LOCAL BUDGETS > 24.34 - UNLIQUIDATED OBLIGATIONS.

24.34 - UNLIQUIDATED OBLIGATIONS.

        24.34  UNLIQUIDATED OBLIGATIONS.
         A city, county, or other political subdivision may establish an
      encumbrance system for any obligation not liquidated at the close of
      the fiscal year in which the obligation has been encumbered.  The
      encumbered obligations may be retained upon the books of the city,
      county, or other political subdivision until liquidated, all in
      accordance with generally accepted governmental accounting practices.
         Section History: Early Form
         [C75, 77, 79, 81, § 24.34]