297.35 - CONTINUATION OF LOAN AGREEMENT.
297.35 CONTINUATION OF LOAN AGREEMENT. A loan agreement between a school district and a bank, investment banker, trust company, insurance company, or insurance group that was made under section 297.36, Code 1989, prior to July 1, 1991, in order to make immediately available proceeds of the schoolhouse tax approved by the voters prior to July 1, 1991, and the levy of taxes to pay principal and interest thereafter, shall continue in effect for the duration of the loan agreement.
Section History: Recent Form 89 Acts, ch 135, § 104