Title I, STATE SOVEREIGNTY AND MANAGEMENT (Ch. 1 - 38D)

An issuer may issue bonds in accordance with the provisions of this chapter if enabling legislation enacted on or after July 1, 2007, provides that the bonds shall or may be issued in accordance with the provisions of this chapter . This chapter establishes the terms, conditions,…

Bonds issued under this chapter are payable solely out of the moneys, assets, or revenues pledged to the payment of the bonds pursuant to the enabling legislation and any bond reserve funds established in accordance with this chapter , and are not an obligation, indebtedness, or …

1. An issuer may issue bonds under this chapter and do all things necessary with respect to the issuance of the bonds. An issuer shall have all of the powers necessary to issue and secure bonds and carry out the purposes for which the bonds are to be issued, including the power t…

1. An issuer may create and establish one or more special funds, to be known as bond reserve funds, to secure one or more issues of bonds. The issuer shall pay into each bond reserve fund any moneys appropriated and made available by the state for the purpose of that reserve fund…

1. Any amounts authorized to be pledged as security for bonds may be held in separate and distinct funds in the state treasury, unless otherwise specified in the authorizing documents. Moneys so held shall not be subject to appropriation for any other purpose by the general assem…

The authorizing documents may contain the following provisions: 1. Pledges or assignments of the revenue of a project with respect to which the bonds are to be issued or the revenue of other property or facilities. 2. The setting aside of reserves or sinking funds, and their regu…

The authorizing documents may pledge or assign the revenue to be received for payment of the bonds or the proceeds of any contract pledged. A pledge or assignment made by the issuer pursuant to this chapter is valid and binding from the time that the pledge or assignment is made,…

As used in this chapter , unless the context otherwise requires, “book” , “list” , “record” , or “schedule” kept by a county auditor, assessor, treasurer, recorder, sheriff, or other county officer means the county system as defined in section 445.1 . 2000 Acts, ch 1148, §1

1. a. In addition to investment standards and requirements otherwise provided by law, the investment of public funds by the treasurer of state, state agencies authorized to invest funds, and political subdivisions of this state, shall comply with this section , except where other…

1. The investment of public funds which are operating funds by a political subdivision shall be subject to the following: a. As used in this section , “operating funds” means those funds which are reasonably expected to be expended during a current budget year or within fifteen m…

1. Political subdivisions shall approve written investment policies which incorporate the guidelines specified in sections 12B.10 , 12B.10A , this section , and section 12B.10C , and any other provisions deemed necessary to adequately safeguard invested public funds. 2. The writt…

1. The treasurer of state, in consultation with the attorney general, shall adopt rules under chapter 17A requiring the inclusion in public funds custodial agreements of any provisions necessary to prevent loss of public funds. 2. As used in this section , “public funds custodial…

At the time of any examination of any such office, or at the time of any settlement with the treasurer in charge of any such public funds, the treasurer is not required to produce and count in the presence of the officer or officers making such examination or settlement, unless o…

It shall be the duty of the officer or officers making a settlement described under section 12B.11 to see that the amount of securities and money produced and counted, together with the amounts so certified by the legally designated depositories, agrees with the balance with whic…

The report of any settlement under section 12B.11 with the treasurer of state shall be filed in the office of the director of the department of management. The report of a settlement under section 12B.11 with a county treasurer shall be filed with the auditor of the county. [S13,…

Any officer or other person making a false statement or report or in any manner violating any of the provisions of sections 12B.10 through 12B.13 shall be guilty of a fraudulent practice. [S13, §1462-a; C24, 27, 31, 35, 39, § 7416; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81,…

If any auditor or treasurer or other officer shall neglect or refuse to perform any act or duty specifically required of the officer, such officer shall be guilty of a simple misdemeanor, and the officer and the officer’s surety shall be liable on the official bond for any fine i…

The director of the department of administrative services shall draw the warrant on the state treasury in favor of any county in the state for the amount of any excess in any fund or tax due the state from said county, excepting the state taxes. [C97, §1464; C24, 27, 31, 35, 39, …

When it shall appear from the books in the department of administrative services that there is a balance due any county in excess of any revenue due the state, except state taxes, the director of the department of administrative services shall draw a warrant for such excess in fa…

The auditor to whom said warrant is sent shall immediately, upon receipt thereof, deliver it to the treasurer of the county, and charge the amount thereof to the treasurer, and shall acknowledge the receipt of the amount to the director of the department of administrative service…

Each county is responsible to the state for the full amount of tax levied for state purposes, excepting such amounts as are certified to be unavailable, double, or erroneous assessments. [R60, §793; C73, §908; C97, §1453; C24, 27, 31, 35, 39, § 7398; C46, 50, 54, 58, 62, 66, 71, …

When interest is due and allowed by the treasurer of state on the redemption of state warrants, or by the county treasurer on the redemption of county warrants, the same shall be receipted on the warrants by the holder, with the date of the payment, and no interest shall be allow…

If the treasurer of state or any county treasurer, personally or through another, discounts the director of the department of administrative services’ or auditor’s warrants, either directly or indirectly, the treasurer shall be guilty of a serious misdemeanor. [R60, §796; C73, §9…

A county treasurer shall be guilty of a serious misdemeanor for loaning out, or in any manner using for private purposes, state, county, or other funds in the treasurer’s hands. [R60, §797; C73, §912; C97, §1457; S13, §1457; C24, 27, 31, 35, 39, § 7402; C46, 50, 54, 58, 62, 66, 7…

The treasurer of state shall be guilty of a serious misdemeanor for loaning out, or in any manner using for private purposes, state, county, or other funds in the treasurer’s hands. [R60, §797; C73, §912; C97, §1457; S13, §1457; C24, 27, 31, 35, 39, § 7403; C46, 50, 54, 58, 62, 6…

All funds received, expended, or held by an association of elected county officers before, on, or after June 16, 2005, to implement a state-authorized program, are subject to audit by the auditor of state at the request of the general assembly’s standing committees on government …

When a county treasurer goes out of office, the treasurer shall make a full and complete settlement with the board of supervisors, and deliver up all books, papers, moneys, and all other property pertaining to the office, to the treasurer’s successor, taking a receipt therefor. […

The board of supervisors shall make a statement of state dues to the auditor of state, showing all charges against the treasurer during the treasurer’s term of office, and all credits made, the delinquent taxes and other unfinished business charged over to the treasurer’s success…

The board of supervisors shall also see that the books of the treasurer are correctly balanced before passing into the possession and control of the treasurer-elect. [R60, §802; C73, §917; C97, §1461; C24, 27, 31, 35, 39, § 7411; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §…

1. a. All funds held by the following officers or institutions shall be deposited in one or more depositories first approved by the appropriate governing body as indicated: (1) For the treasurer of state, by the executive council. (2) For judicial officers and court employees, by…

The governing council or board, who by law has control of any fund created by direct vote of the people, may invest any portion of the fund not currently needed, in investments authorized in section 12B.10 . The treasurer of state may invest in any of the investments authorized f…

A county, city, county public hospital, merged area hospital, memorial hospital or school corporation governing body may delegate its investment authority, under the provisions of this chapter , to the treasurer or other financial officer of the governmental unit, who shall there…

A depository may make reasonable service charges with respect to the handling of public funds, but the service charges shall not be greater than the depository customarily requires from other depositors for similar services. [C66, 71, 73, 75, 77, 79, 81, §453.12 ] 84 Acts, ch 123…

Notwithstanding chapter 524 , the deposit of public funds in a credit union as defined in section 533.102 or a mutual corporation as defined in section 524.103 does not constitute being a shareholder, stockholder, or owner of a corporation in violation of Article VIII of the Cons…

A local government shall not require a pledge of collateral for that portion of the local government’s deposits in a credit union that is covered by insurance of a federal agency or instrumentality. 84 Acts, ch 1230, §19 C85, §453.15 92 Acts, ch 1156, §24 C93, §12C.15 99 Acts, ch…

1. Before a deposit of public funds is made by a public officer with a credit union in excess of the amount federally insured, the public officer shall obtain security for the deposit by one or more of the following: a. The credit union may give to the public officer a corporate …

1. A credit union which receives public funds shall pledge securities owned by it as required by this chapter in one of the following methods: a. The securities shall be deposited with the county, city, or other public officers at the option of the officers. b. The securities sha…

The condition of the surety bond or the deposit of securities, instruments, or a joint custody receipt, must be that the credit union will promptly pay to the parties entitled public funds, including any interest on the funds, in its custody upon lawful demand and, when required …

1. Securities pledged pursuant to this chapter may be withdrawn on application of the pledging depository institution, and as to securities pledged by a credit union upon approval of the public officer to whom the securities are pledged, if the deposit of securities is no longer …

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 maximu…

1. On or before the tenth day of February, May, August, and November of each year, each out-of-state bank that has one or more branches in the state shall calculate and certify to the superintendent of banking in the form prescribed by the superintendent the amount of public fund…

1. A bank shall pledge to the treasurer of state the amount of collateral required under subsection 2 by depositing the collateral in restricted accounts at a financial institution that has been designated by the treasurer of state and that is not owned or controlled directly or …

1. a. The pledging of securities by a credit union pursuant to this chapter constitutes consent by the credit union to the disposition of the securities in accordance with this section . b. The acceptance of public funds by a credit union pursuant to this chapter constitutes cons…

1. The acceptance of public funds by a bank pursuant to this chapter constitutes all of the following: a. Agreement by the bank to pledge collateral as required by section 12C.22 . b. Consent by the bank to the disposition of the collateral in accordance with this section . c. Co…

When public deposits are made in accordance with this chapter in a financial institution that is eligible to accept public funds deposits at the time a deposit of public funds is made, a public body depositing public funds, and any person that is an agent, employee, officer, or b…

1. There are created in the treasurer of state’s office the following funds: a. A state sinking fund for public deposits in banks. b. A state sinking fund for public deposits in credit unions. 2. Idle balances in the state sinking fund for public deposits in banks shall be invest…