279.29 - CLAIMS -- INVESTMENTS.
279.29 CLAIMS -- INVESTMENTS.
The board shall audit and allow all just claims against the
corporation, and no order shall be drawn upon the treasury until the
claim therefor has been audited and allowed. In any district in which
the board consists of five or more members, an audit made by one or
more members of the board designated by the board or by a certified
public accountant employed by the board, and certified to the board
by such member or members of the board or by such accountant, shall
satisfy the requirements of this section with respect to the audit of
a claim.
Pending audit and allowance of claims under this section, the
board shall invest moneys of the corporation to the extent
practicable, and the board may provide for the joint investment of
moneys with one or more school corporations pursuant to a joint
investment agreement. All investments of funds shall be subject to
sections 12B.10 and 12B.10A and other applicable law. Section History: Early Form
[C51, § 1146, 1149; R60, § 2037, 2038; C73, § 1732, 1733, 1738,
1813; C97, § 2780; S13, § 2780; C24, 27, 31, 35, 39, § 4239; C46,
50, 54, 58, 62, 66, 71, 73, 75, § 279.26; C77, 79, 81, § 279.29] Section History: Recent Form
86 Acts, ch 1226, § 4; 92 Acts, ch 1156, § 11
Referred to in § 256F.4
Exceptions, § 11.21