Iowa HF101 limits bond issuance to 80% of project costs for projects approved after July 1, 2025.
Iowa HF101 introduces a cap on bond issuance for projects approved at elections held after July 1, 2025. The bill restricts the total amount of bonds issued for a project to 80% of the project's total cost. The remaining 20% of the project's costs must be funded through non-bond sources. This measure aims to ensure that bond issuance does not exceed a certain proportion of the overall project expenses.
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