Statutes > Iowa Statutes > Title 1 - State Sovereignty and Management > Subtitle 4 - Executive Branch > CHAPTER 12C - DEPOSIT OF PUBLIC FUNDS > 12C.2 - APPROVAL -- REQUIREMENTS.

12C.2 - APPROVAL -- REQUIREMENTS.

        12C.2  APPROVAL -- REQUIREMENTS.
         The approval of a financial institution as a depository of public
      funds for a public body shall be by written resolution or order that
      shall be entered of record in the minutes of the approving board, and
      that shall distinctly name each depository approved, and specify the
      maximum amount that may be kept on deposit in each depository.
         Section History: Early Form
         [C24, 27, § 139; C31, 35, § 7420-d2; C39, § 7420.02; C46, 50,
      54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 453.2]
         Section History: Recent Form
         84 Acts, ch 1230, § 6
         C93, § 12C.2
         2002 Acts, ch 1096, §3, 17
         Referred to in § 12B.10