257C.4 Iowa advance funding authority.
The Iowa advance funding authority is created. It is a public instrumentality and agency of the state exercising public and essential governmental functions, established for the purposes of reducing the cash flow difficulties faced by Iowa schools, improving the financial procedures of Iowa schools, and reducing the short-term borrowing costs of Iowa schools.
85 Acts, ch 34, §4
CS85, §442A.4
C93, §257C.4