Iowa Code

Iowa Code § 390.5 (2026)

Financing

✓ current as of July 2026
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A city may finance its share of the cost of a joint facility by the use of any method of financing available for city utilities under the statutes of this state, for the financing of electric generation or transmission facilities to be owned by a city in their entirety, including but not limited to the provisions of chapters 397 and 407, Code 1973, and sections 384.23 through 384.36 and sections 384.80 through 384.94 as applicable. Revenues derived by a city utility from its share of ownership or operation of a joint facility shall be deemed to be revenues of the city utility for all purposes including the issuance and payment of bonds secured by or payable from the revenues of a city utility. A joint agreement shall be deemed payable from revenues or revenue bonds of a city utility in the absence of provision to the contrary or a referendum approving the issuance of general obligation bonds. [C75, 77, 79, 81, §390.5] 2019 Acts, ch 59, §115

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Notes of Decisions
Cited in 3 cases (1 in the last 5 years), 1941–2021 · leading case: Sampson v. City of Cedar Falls, 231 N.W.2d 609 (Iowa 1975).
Sampson v. City of Cedar Falls, 231 N.W.2d 609 (Iowa 1975). · cites it 2× “Section 390.5 permits the municipal utility to finance its share in the manner authorized for financing a wholly-owned municipal utility.”
Indep. Sch. Dist. of Cedar Rapids v. State Appeal Bd., 230 Iowa 924 (Iowa 1941). · cites it 2× “It shall be the duty of the state board to review and finally pass upon all proposed budget expenditures, tax levies and tax assessments from which appeal is taken and it shall have power and authority to approve, disapprove or reduce all such proposed budgets, expenditures and…”
DeBower v. Spencer (N.D. Iowa 2021). “Information placed in the accident register must contain at least the following: (1) A list of accidents as defined at § 390.5 of this chapter containing for each accident: (i) Date of accident.”
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