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HF101
Limiting Bond Sales for Future Projects
Last scannedAug 25, 2026, 3:29 AM
In one sentence
This law limits the amount of bonds that can be sold to fund projects approved in elections held after July 1, 2025.
What it does
- Sets a rule that bond sales cannot cover more than eighty percent of a project's total cost for qualifying projects.
- Applies only to projects where voters approved issuing bonds at an election held after July 1, 2025.
- Requires the remaining costs of these projects to be paid from sources other than the sale of bonds.
Who it affects
- Entities planning projects funded by voter-approved bonds for elections after July 1, 2025
Limits and unknowns
- The law does not specify which types of projects must follow this rule beyond those approved in qualifying elections.
- It is unclear what happens if a project approved before July 1, 2025, continues after that date.
Official record
Sources
Official summary
A bill for an act relating to the sale of bonds by limiting the amount offered for sale.