Code No. 801.7

Buildings and Sites

Financing Sites and Construction

Prior to the approval of a construction contract, except emergency construction, the board shall review methods for financing the project.  The board may use the means it deems necessary to pay for the purchase of sites and construction.  In determining the means of financing for these purposes, the board shall consider the financial position of the school district and the uses allowed for the monies of the school district.

It shall be the responsibility of the board secretary to analyze the various methods of financing for the purchase of sites and construction and make a recommendation to the board.

Legal Reference:        Harney v. Clear Creek Community School District, 261

                                    Iowa 315, 154 N. W. 2d 88  (1967).

                                    Ligget V. Abbott, 192 Iowa 742, 185 N. W. 569  (1921).

                                    Iowa Chapters 23, 74, 74A, 75, 278.1, 296, 297,

                                    298  (1989).

                                1935 Op. Att’y Gen. 423

                                1972 Op. Att’y Gen. 295

                                1974 Op. Att’y Gen. 598

                                1938 Op. Att’y Gen. 167

Cross Reference:    700 Series     Expenditures

                                 800 Series     Site Acquisition and Building Construction

Approved:    May 8, 1989            

Reviewed:    February 23, 2009  

Revised: