2025 Session Last amended: 1998 session

§ 123A.488 — Consolidation; Instruction by Nonresidential District

Plain-Language Summary

This section covers the transfer of bonded indebtedness when school districts consolidate. It explains how existing bonds are handled and how the new district manages debt.

Practical Notes
When districts consolidate, existing bonds stay with the territory that issued them. The new district can issue new bonds with voter approval to fund improvements.