803.05 – Unpaid Warrants

The Board of Directors shall only in the case of absolute necessity issue warrants for which there are no funds available for the payment of such warrants.  If warrants are issued for which there are no funds available for payment of such warrants, the Treasurer shall institute such procedures as stated in the Code of  Iowa, Chapter 74, Sections 1-7 for the payment of said warrants.

Date of Adoption: July 1, 1985                                                                     

Legal Reference: (Code of Iowa ) Chapter 74.1 – 74.7

Reviewed & Revised: September 3, 1991; June 30, 1997; February 7, 2005; January 18, 2010; June 27, 1016