Terms Used In Iowa Code 28J.13

• Amortization: Paying off a loan by regular installments.
• Board: means the board of directors of a port authority established pursuant to section 28J. See Iowa Code 28J.1
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Political subdivisions comprising the port authority: means the political subdivisions which created or participated in the creation of the port authority under section 28J. See Iowa Code 28J.1
• Port authority: means an entity created pursuant to section 28J. See Iowa Code 28J.1
• Revenues: means rental fees and other charges received by a port authority for the use or services of a facility, a gift or grant received with respect to a facility, moneys received with respect to the lease, sublease, sale, including installment sale or conditional sale, or other disposition of a facility, moneys received in repayment of and for interest on any loans made by the port authority to a person or governmental agency, proceeds of port authority revenue bonds for payment of principal, premium, or interest on the bonds authorized by the port authority, proceeds from any insurance, condemnation, or guarantee pertaining to the financing of the facility, and income and profit from the investment of the proceeds of port authority revenue bonds or of any revenues. See Iowa Code 28J.1