901.7 - Facilities Funding

Prior to the approval of a construction contract, except emergency construction, the board will review methods for financing the project. The board will utilize, as needed, all means of financing construction and site purchases as provided by the Code of Iowa.

In determining the means of financing for these purposes, the board will consider the financial position of the school district and uses allowed for the monies of the district.

It is the responsibility of the superintendent [or designee] to analyze the various methods of financing for the construction of facilities and the purchase of sites and make a recommendation to the board.

Adopted: 6/70
Reviewed: 1/14; 2/19; 4/22
Revised: 11/12; 5/15
Legal Reference (Code of Iowa): ยงยง 75.1-9; 76.1-9; 278.1; 279.41;
291.13; 296; 297.5; 289.9; 298.14; 298.18-24; 300; 565.6