Code No. 703.6
The Board may authorize issuance of stamped warrants when there are insufficient funds to pay legal obligations. The Board Secretary shall show the number and amount, the date interest commences, the rate of interest, the name and address of the holder and shall keep a record of any assignment of the warrants. When sufficient funds are available, the Secretary shall present the warrants for payment.
The Board may sell anticipatory warrants or participate in a group sale of anticipatory warrants in accordance with the laws of Iowa to generate sufficient cash flow.
Date of Review: April 9, 2018
Date of Revision:
June 16, 2003
Chapters 74 and 74A, 291.6, 291.8, 291.12, Code of Iowa
DECORAH COMMUNITY SCHOOL BOARD OF DIRECTORS