12B.10B - WRITTEN INVESTMENT POLICIES.
12B.10B WRITTEN INVESTMENT POLICIES.
1. Political subdivisions shall approve written investment
policies which incorporate the guidelines specified in section
12B.10, sections 12B.10A through 12B.10C, and any other provisions
deemed necessary to adequately safeguard invested public funds.
2. The written investment policy required by section 12B.10 shall
be delivered to all of the following:
a. The governing body or officer of the public entity to
which the policy applies.
b. All depository institutions or fiduciaries for public
funds of the public entity.
c. The auditor of the public entity.
3. The following entities are not subject to this section:
a. The public safety peace officers' retirement system
governed by chapter 97A.
b. The Iowa public employees' retirement system governed by
chapter 97B.
c. The Iowa finance authority governed by chapter 16.
d. The state board of regents governed by chapter 262.
e. A pension and annuity retirement system governed by
chapter 294.
f. The statewide fire and police retirement system governed
by chapter 411.
g. The judicial retirement system governed by chapter 602,
article 9.
h. The deferred compensation plan established by the
executive council pursuant to section 509A.12.
i. The tobacco settlement authority governed by chapter 12E.
j. Municipal utility retirement systems governed under
chapter 412. Section History: Recent Form
92 Acts, ch 1156, §18; 96 Acts, ch 1187, §77; 97 Acts, ch 185, §3;
2000 Acts, ch 1208, §22, 25; 2001 Acts, ch 102, §2
Referred to in § 12B.14, 28E.5, 331.303