Iowa Code § 12C.10
This is the official text of Iowa Code § 12C.10, part of Iowa’s Code — part of the compiled statutory law of Iowa, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Investment of funds created by election.
Official statutory text
The governing council or board, who by law has control of any fund created by direct vote of the people, may invest any portion of the fund not currently needed, in investments authorized in section 12B.10. The treasurer of state may invest in any of the investments authorized for the Iowa public employees’ retirement system in section 97B.7A except that investment in common stocks shall not be permitted. Interest or earnings on such funds shall be credited as provided in section 12C.7, subsection 2.
[C58, 62, 66, 71, 73, 75, 77, 79, 81, §453.10]84 Acts, ch 1230, §15C93, §12C.102001 Acts, ch 68, §4, 24; 2019 Acts, ch 24, §6
[C58, 62, 66, 71, 73, 75, 77, 79, 81, §453.10]84 Acts, ch 1230, §15C93, §12C.102001 Acts, ch 68, §4, 24; 2019 Acts, ch 24, §6
Status: in_force · Read it on the official government site
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