12C.5 - REFUSAL OF DEPOSITS -- PROCEDURE.
12C.5 REFUSAL OF DEPOSITS -- PROCEDURE.
If the approved depositories will not accept the deposits under
the conditions prescribed or authorized in this chapter, the funds
may be deposited, on the same or better terms as were offered to the
depositories, in one or more approved depositories conveniently
located within the state.
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. Section History: Early Form
[C24, 27, § 5653; C31, 35, § 7420-d5; C39, § 7420.05; C46, 50,
54, 58, 62, 66, 71, 73, 75, 77, 79, 81, S81, § 453.5; 81 Acts, ch
149, § 1] Section History: Recent Form
84 Acts, ch 1230, § 9
C93, § 12C.5
2001 Acts, ch 68, §3, 24