§599.26. Rates, rents, and fees
A. An authority may:
(1) Impose rates, rents, fees, and charges related to a project and for the services
related to a project.
(2) Contract with any person or governmental entity to exercise its authority under
this Section.
B. The rates, rents, fees, and charges established by an authority under this Section
shall be imposed and adjusted so that the aggregate amount of the rates, rents, fees, and
charges from the project, when added to other available money, is sufficient to:
(1) Pay for the expense for the project.
(2) Pay the principal of and the interest on the bonds that the authority issued for the
project as they become due and payable.
(3) Create and maintain reserves required or provided for in a trust agreement.
C. The rates, rents, fees, and charges established by an authority under this Section
are not subject to supervision or regulation by any unit of the state.
Acts 2025, No. 443, §1.