Iowa Administrative Code

920.5(1) Requirements for transit system. A public transit system is eligible for project assistance if the system is in compliance with all the following criteria. The transit system: a. Abides by all applicable state and federal laws and regulations. b. Maintains primary docume…

920.6(1) Review and recommendation. The department will review the proposed projects and, based on available funds and the project priorities established by the transit systems, prepare a set of funding recommendations. 920.6(2) Approval and agreement. Upon approval of the projec…

920.7(1) Transit systems receiving state transit assistance shall provide quarterly and end-of-the-year financial and statistical reports to the department in the manner and within the time limits described in the state transit assistance contract. These reports shall be made thr…

reports are submitted or after the department has instituted any action(s) for failure to do so, the department will require an audit of the transit system’s books, accounts, records and other material and information necessary to determine contract compliance. The advance alloca…

922.1(1) General information. As required by 49 U.S.C. Sections 5310, 5311 and 5339, the department has been designated by the governor to administer the following programs within Iowa, subject to review by the Federal Transit Administration (FTA): a. The enhanced mobility of sen…

923.1(1) Scope of chapter. The general assembly appropriated money from the petroleum overcharge fund to the department to be used as a revolving loan fund for transit capital purchases by public transit systems. The revolving loan fund enables public transit systems to obtain th…

revolving loan provided that the public transit system complies with all of the following criteria: 923.2(1) Abides by all applicable state and federal laws and regulations. 923.2(2) Maintains primary documentation for all revenues and expenses for a period of at least three year…

923.3(1) A project is eligible if it meets all of the following criteria: a. The project is a transit-related capital purchase (e.g., new or replacement vehicles, facilities or both). b. The project is an identifiable transit need and is included in the public transit system’s ad…

923.4(1) Funding request. The public transit system shall submit a funding application for the proposed project to either the department or to the Federal Transit Administration, depending on the type of funding requested. 923.4(2) Loan request. The appropriate time for a public …

funding for the improvement of the vertical infrastructure of Iowa’s designated public transit systems. [ARC 0159D, IAB 3/18/26, effective 4/22/26]

project selection: 924.10(1) Benefits of project to the transit program in terms of: a. Enhancement of the life of the transit vehicle fleet. b. Enhancement to transit services. c. Increased ridership. 924.10(2) Readiness to proceed. 924.10(3) Feasibility of timely completion of …

924.11(1) Agreement. After a project has been approved, the department will enter into an agreement with the transit system sponsoring the project. 924.11(2) Payments. Payments to the transit system sponsor for eligible project costs will be made on a cost reimbursement basis. 92…

chapter. [ARC 0159D, IAB 3/18/26, effective 4/22/26]

from the Modal Transportation Bureau, Iowa Department of Transportation, 800 Lincoln Way, Ames, Iowa 50010; by telephone at 515.233.7870; or from the department’s website at iowadot.gov/modes-travel/ transit. [ARC 0159D, IAB 3/18/26, effective 4/22/26]

924.4(1) The project is included in a locally approved transportation improvement program and in the statewide transportation improvement program. 924.4(2) A local match for the project is currently available. 924.4(3) The project is capable of being substantially completed withi…

limited to: 924.5(1) Construction, expansion or renovation of facilities, including associated design, land acquisition, grading and foundation work, for administration of public transit operations; servicing, maintenance or storage of public transit vehicles; transit vehicle fue…

such as an intermodal facility, a headquarters for the umbrella organization sponsoring the transit program or a public works facility. Any costs attributable to the nontransit elements of the larger project are not eligible under this program. [ARC 0159D, IAB 3/18/26, effective …

924.7(1) Program funds may reimburse up to 80 percent of transit-related project costs. Assistance from the public transit infrastructure grant program, when combined with federal or other state resources, will not exceed 80 percent of the project’s transit-related costs. 924.7(2…

924.8(1) Project applications shall be submitted to the department. 924.8(2) Each application shall contain: a. General information, including the transit system name, contact person, mailing address, email address and telephone number. b. A project data sheet, including: (1) A b…

recommendations to the transportation commission. The transportation commission is responsible for approving the projects to be funded. [ARC 0159D, IAB 3/18/26, effective 4/22/26]

provided by Article IV, Section 22 of the Constitution of Iowa, as amended in 1972. The treasurer of state is elected by the electorate of Iowa as provided by Article IV, Section 22 of the Constitution of Iowa.

of the treasurer.

50319 at the seat of government. The office of the treasurer of state is available to the public during office hours 8:00 a.m. to 4:30 p.m., Monday through Friday or in case of necessity by appointment. These rules are intended to implement Iowa Code chapter 12 and section 17A.3.…

one hand, one arm, one foot, one leg, or one eye, becomes permanently disabled by a compensable injury which has resulted in the loss of, or loss of use of, another such member or organ, the employer shall be liable only for the degree of disability which would have resulted from…

public officer for depositing public funds of the state. Iowa Code chapter 12C also requires that all public funds of the state deposited in a financial institution be secured, either by a pledge of collateral by that financial institution or by the state sinking fund. These rule…

“Agency” or “state agency” means a unit of state government, which can be an authority, board, commission, council, department, examining board, or independent agency as defined in Iowa Code section 7E.4, and includes the office of an elective constitutional or statutory officer,…

11.3(1) The treasurer shall enter into an agreement with one or more financial institutions located in the state to serve as a depository. 11.3(2) The treasurer shall specify which depositories may be used by state agencies and any third party hired by an agency to collect receip…

11.4(1) A state agency shall make deposits of public funds with the treasurer’s cashier or directly into an account owned by the treasurer at a depository located in the state. 11.4(2) A state agency shall notify the treasurer of the agency’s intent to use a third party to collec…

“Assistance” is defined as the communication of technical information to those public entities requesting the information. The treasurer of state’s investment division will assist those public entities who request help by providing them with technical information regarding invest…

assistance and technical information to public entities in one or more of the following ways: 12.2(1) Written form. A public entity may request technical investment information and assistance by writing to: Treasurer of State, Attention: Investment Assistance, State Capitol, Des …

13.1(1) Iowa Code chapter 12C grants authority to the treasurer of state to establish administrative rules and procedures to implement a system for securing deposits of public funds in banks, savings and loans, and credit unions through the pledge of eligible collateral. This cha…

indirect, or ownership of its approved custodian, or the approved custodian acquires control, direct or indirect, or ownership of a pledging bank for which it is holding pledged collateral, or if a holding company will become owner of both the approved custodian and the pledging …

13.11(1) If the treasurer determines that a pledging bank has violated any provisions of Iowa Code chapter 12C, or any other documents or agreements as prescribed by the treasurer, or has failed to fulfill its duties or otherwise committed a breach or default as set out in the Pl…

13.12(1) The responsibility of a pledging bank to pledge collateral for the security of the uninsured public funds in banks shall not be altered by any merger, takeover, or acquisition, except to the extent that such duty is assumed by the successor entity. No assets shall be rel…

13.13(1) The acceptance of public funds by a bank constitutes agreement by the bank to pledge collateral as required by Iowa Code section 12C.22, consent by the bank to the disposition of the collateral, consent by the bank to assessments by the treasurer, and agreement by the ba…

treasurer’s actual and necessary costs and expenses incurred in the administration of Iowa Code chapter 12C and these rules including, but not limited to, legal expenses and administrative expenses. Such costs and expenses shall be reimbursed by withdrawal from the state sinking …

“Approved custodian” means a financial institution that has facilities for the safekeeping of securities and that has been approved under this chapter by the treasurer of state to serve as the treasurer’s agent in safekeeping collateral pledged to the treasurer of state to secure…

and this chapter. Current versions of each form utilized by banks, pledging banks and approved custodians are available on the treasurer’s Web site at www.treasurer.state.ia.us and in the treasurer’s office. 1. Master Custodial Agreement for the Deposit of Public Funds in Banks. …

13.4(1) A pledging bank shall complete, sign, and submit to the treasurer an executed Pledge and Security Agreement. 13.4(2) A savings and loan shall calculate and certify to the superintendent of banking the amount of public funds on deposit at the savings and loan on or before …

13.5(1) An approved custodian shall complete, sign, and submit to the treasurer an executed Master Custodial Agreement for the Deposit of Public Funds in Banks. 13.5(2) To become an approved custodian, a financial institution chartered outside the state of Iowa must submit a lega…

13.6(1) An approved custodian shall accept only eligible collateral as defined in Iowa Code section 12C.22. Cash shall be considered eligible collateral. 13.6(2) An approved custodian shall segregate all collateral, maintaining open, notorious, continuous, active and exclusive po…

13.7(1) A pledging bank shall pledge and maintain eligible collateral with the treasurer’s approved custodian, the market value of which at all times equals or exceeds the amount by which the public funds deposits in the pledging bank exceed the total capital of the pledging bank…

13.8(1) Pledged collateral shall be one or more of those securities or other items of collateral specified in 781—13.2(12C), definition of “eligible collateral,” and shall be acceptable to the treasurer. 13.8(2) The acceptance of a security or other items as collateral by the app…

13.9(1) An approved custodian may request in writing that the treasurer remove its designation as an approved custodian. Following such a written request, the Master Custodial Agreement for the Deposit of Public Funds in Banks shall terminate pursuant to the terms of those agreem…

establish administrative rules and procedures to implement a system for securing deposits of public funds in banks, savings and loans and credit unions. This chapter contains rules which shall apply to the system for securing deposits of public funds in credit unions. Rules perta…

14.10(1) The acceptance of public funds by a credit union constitutes consent by the credit union to assessments to cover losses of public funds in other credit unions by the treasurer in accordance with Iowa Code section 12C.23 and the rules contained in this chapter. 14.10(2) T…

“Approved custodian” means the Federal Home Loan Bank of Des Moines, Iowa, or the U.S. Central Credit Union. “Credit union” means a credit union as defined in Iowa Code section 12C.1(2)“e.” “Eligible collateral” means any of the securities specified in Iowa Code section 12C.16(1)…

shall be approved by the treasurer.

shall be secured by a letter of credit and a deposit agreement between the public unit and the credit union. (The credit union will only be allowed to aggregate funds deposited by the same public unit. Prior to accepting an uninsured public deposit, a credit union must secure the…

14.5(1) A credit union shall secure the uninsured public time deposits of a public unit with a letter of credit as defined in these rules and Iowa Code section 12C.16. 14.5(2) The public unit shall have in its possession, prior to or simultaneously at the time of deposit of unins…