This bill amends the bonding authority of combined recreational lake and water quality districts in Iowa, aligning their powers more closely with those of cities. Specifically, it adds the requirements and limitations that cities face when issuing bonds, as outlined in various sections of the law. The bill clarifies that terms used in existing laws referring to municipal corporations or cities will also apply to these combined districts, ensuring they have the same legal standing in terms of bond issuance. Additionally, the bill removes the requirement for an election to authorize any indebtedness of the district, except for refunding bonds, by striking subsection 3 of Section 357E.11A. This change allows combined districts to issue bonds without needing voter approval, streamlining the process and potentially facilitating quicker access to funding for projects related to recreation and water quality.

Statutes affected:
Introduced: 357E.11A, 384.4