reglab/housing_qa huggingface dataset:
IA Code § 12F.4 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12F - RESTRICTIONS ON SUDAN-RELATED INVESTMENTS|Section 12F.4 - Prohibited investments — divestment.

12F.4 Prohibited investments — divestment.   1. The public fund shall not acquire publicly traded securities of a company on the public fund’s most recent scrutinized companies list with active business operations so long as such company remains on the public fund’s scrutinized companies list as a company with active business operations as provided in this section.   2. a. The public fund shall sell, redeem, divest, or withdraw all publicly traded securities of a company on the public fund’s list of scrutinized companies with active business operations, so long as the company remains on that list, no sooner than ninety days, but no later than eighteen months, following the first written notice sent to the scrutinized company with active business operations as required by section 12F.3.   b. This subsection shall not be construed to require the premature or otherwise imprudent sale, redemption, divestment, or withdrawal of an investment, but such sale, redemption, divestment, or withdrawal shall be completed as provided by this subsection.   3. The requirements of this section shall not apply to the following:   a. A company which the United States government affirmatively declares to be excluded from its present or any future federal sanctions regime relating to Sudan.   b. Indirect holdings of a scrutinized company with active business operations. The public fund shall, however, submit letters to the managers of such investment funds containing companies with scrutinized active business operations requesting that they consider removing such companies from the fund or create a similar fund with indirect holdings devoid of such companies. If the manager creates a similar fund, the public fund is encouraged to replace all applicable investments with investments in the similar fund consistent with prudent investing standards.  2007 Acts, ch 39, §4  Referred to in §12F.5, 12F.7
IA Code § 12F.5 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12F - RESTRICTIONS ON SUDAN-RELATED INVESTMENTS|Section 12F.5 - Reports.

12F.5 Reports.   1. Scrutinized companies list. Each public fund shall, within thirty days after the scrutinized companies list is created or updated as required by section 12F.3, make the list available to the public.   2. Annual report. On October 1, 2008, and each October 1 thereafter, each public fund shall make available to the public, and file with the general assembly, an annual report covering the prior fiscal year that includes the following:   a. The scrutinized companies list as of the end of the fiscal year.   b. A summary of all written notices sent as required by section 12F.3 during the fiscal year.   c. All investments sold, redeemed, divested, or withdrawn as provided in section 12F.4 during the fiscal year.  2007 Acts, ch 39, §5  Referred to in §12F.7
IA Code § 12F.6 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12F - RESTRICTIONS ON SUDAN-RELATED INVESTMENTS|Section 12F.6 - Legal obligations.

12F.6 Legal obligations.   With respect to actions taken in compliance with this chapter, including all good faith determinations regarding companies as required by this chapter, the public fund shall be exempt from any conflicting statutory or common law obligations, including any such obligations in respect to choice of asset managers, investment funds, or investments for the public fund’s securities portfolios.  2007 Acts, ch 39, §6
IA Code § 12F.7 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12F - RESTRICTIONS ON SUDAN-RELATED INVESTMENTS|Section 12F.7 - Applicability.

12F.7 Applicability.   The requirements of sections 12F.3, 12F.4, and 12F.5 of this chapter shall not apply upon the occurrence of any of the following:   1. The Congress or president of the United States declares that the Darfur genocide has been halted for at least twelve months.   2. The United States revokes all sanctions imposed against the government of Sudan.   3. The Congress or president of the United States, through legislation or executive order, declares that mandatory divestment of the type provided for in this chapter interferes with the conduct of United States foreign policy.   4. A controlling circuit or district court of the United States issues an opinion that declares the mandatory divestment of the type provided for in this chapter or similar statutes of other states is preempted by the federal law of the United States.  2007 Acts, ch 39, §7
IA Code § 12G.1 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12G - FINANCIAL LITERACY PROGRAM|Section 12G.1 - Iowa financial literacy program — legislative intent.

12G.1 Iowa financial literacy program — legislative intent.   The general assembly finds that the general welfare of this state and well-being of its citizens is directly related to the financial education of those citizens. While the state has limited resources to promote financial literacy, a vital and valid public purpose shall be served by the creation and implementation of programs which encourage and make possible the attainment of financial literacy by the largest possible number of citizens in this state, and particularly by low-income to moderate-income families.  2010 Acts, ch 1189, §46
IA Code § 12G.2 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12G - FINANCIAL LITERACY PROGRAM|Section 12G.2 - Program created.

12G.2 Program created.   An Iowa financial literacy program is created within the office of the treasurer of state. The treasurer of state shall have all powers necessary to carry out and effectuate the purposes, objectives, and provisions pertaining to the program, including the authority to do all of the following:   1. Promote the advantages of personal savings and responsible borrowing and the viability and desirability of implementing a personal savings program and responsible borrowing practices regardless of an individual’s or family’s financial status.   2. Create an incentive program and awards ceremony whereby individuals and families who have made significant progress toward achieving personal savings goals and engaging in responsible borrowing practices shall be officially recognized.   3. Create strategies for coordination of the program with the Iowa educational savings plan trust established in chapter 12D.   4. Make presentations to groups including but not limited to schools, hospitals, civic organizations, and privately organized clubs and groups regarding the existence of the program.   5. Coordinate conferences, meetings, and events which promote financial literacy and education.  2010 Acts, ch 1189, §47
IA Code § 12H.1 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12H - RESTRICTIONS ON IRAN-RELATED INVESTMENTS|Section 12H.1 - Legislative findings and intent.

12H.1 Legislative findings and intent.   The general assembly is deeply concerned over the support the country of Iran has provided for acts of international terrorism. Therefore, the general assembly intends that state funds and funds administered by the state, including public employee retirement funds, should not be invested in companies that provide power production-related services, mineral extraction activities, oil-related activities, or military equipment to the government of Iran.  2011 Acts, ch 82, §1
IA Code § 12H.4 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12H - RESTRICTIONS ON IRAN-RELATED INVESTMENTS|Section 12H.4 - Prohibited investments — divestment.

12H.4 Prohibited investments — divestment.   1. The public fund shall not acquire publicly traded securities of a company on the public fund’s most recent scrutinized companies list with active business operations so long as such company remains on the public fund’s scrutinized companies list as a company with active business operations as provided in this section.   2. a. The public fund shall sell, redeem, divest, or withdraw all publicly traded securities of a company on the public fund’s list of scrutinized companies with active business operations, so long as the company remains on that list, no sooner than ninety days, but no later than eighteen months, following the first written notice sent to the scrutinized company with active business operations as required by section 12H.3.   b. This subsection shall not be construed to require the premature or otherwise imprudent sale, redemption, divestment, or withdrawal of an investment, but such sale, redemption, divestment, or withdrawal shall be completed as provided by this subsection.   3. The requirements of this section shall not apply to the following:   a. A company which the United States government affirmatively declares to be excluded from its present or any future federal sanctions regime relating to Iran.   b. Indirect holdings of a scrutinized company with active business operations. The public fund shall, however, submit letters to the managers of such investment funds containing companies with scrutinized active business operations requesting that they consider removing such companies from the fund or create a similar fund with indirect holdings devoid of such companies. If the manager creates a similar fund, the public fund is encouraged to replace all applicable investments with investments in the similar fund consistent with prudent investing standards.  2011 Acts, ch 82, §4  Referred to in §12H.5, 12H.7
IA Code § 12H.5 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12H - RESTRICTIONS ON IRAN-RELATED INVESTMENTS|Section 12H.5 - Reports.

12H.5 Reports.   1. Scrutinized companies list. Each public fund shall, within thirty days after the scrutinized companies list is created or updated as required by section 12H.3, make the list available to the public.   2. Annual report. On October 1, 2012, and each October 1 thereafter, each public fund shall make available to the public, and file with the general assembly, an annual report covering the prior fiscal year that includes the following:   a. The scrutinized companies list as of the end of the fiscal year.   b. A summary of all written notices sent as required by section 12H.3 during the fiscal year.   c. All investments sold, redeemed, divested, or withdrawn as provided in section 12H.4 during the fiscal year.  2011 Acts, ch 82, §5  Referred to in §12H.7
IA Code § 12H.6 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12H - RESTRICTIONS ON IRAN-RELATED INVESTMENTS|Section 12H.6 - Legal obligations.

12H.6 Legal obligations.   With respect to actions taken in compliance with this chapter, including all good faith determinations regarding companies as required by this chapter, the public fund shall be exempt from any conflicting statutory or common law obligations, including any such obligations in respect to choice of asset managers, investment funds, or investments for the public fund’s securities portfolios.  2011 Acts, ch 82, §6
IA Code § 12H.7 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12H - RESTRICTIONS ON IRAN-RELATED INVESTMENTS|Section 12H.7 - Applicability.

12H.7 Applicability.   1. The requirements of sections 12H.3, 12H.4, and 12H.5 shall not apply upon the occurrence of any of the following:   a. The Congress or president of the United States, through legislation or executive order, declares that mandatory divestment of the type provided for in this chapter interferes with the conduct of United States foreign policy.   b. A controlling circuit or district court of the United States issues an opinion that declares the mandatory divestment of the type provided for in this chapter or similar statutes of other states is preempted by the federal law of the United States.   2. The requirements of sections 12H.3, 12H.4, and 12H.5 shall not apply to Iran if the United States revokes all sanctions imposed against the government of Iran.  2011 Acts, ch 82, §7
IA Code § 12I.1 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12I - DISABILITIES EXPENSES SAVINGS PLAN TRUST|Section 12I.1 - Purpose and definitions.

12I.1 Purpose and definitions.   1. The general assembly finds that the general welfare and well-being of the state are directly related to the health, maintenance, independence, and quality of life of its disabled residents, and that a vital and valid public purpose is served by the creation and implementation of programs that encourage and make possible savings to secure funding for disability-related expenses on behalf of individuals with disabilities that will supplement, but not supplant, other benefits provided by various federal, state, and private sources. The creation of the means of encouragement for citizens to invest in such a program represents the carrying out of a vital and valid public purpose. In order to make available to the citizens of the state an opportunity to fund future disability-related expenses of individuals, it is necessary that a public trust be established in which moneys may be invested for payment of future disability-related expenses of an individual.   2. As used in this chapter, unless the context otherwise requires:   a. “Account balance limit” means the maximum allowable aggregate balance of an account established for a designated beneficiary. Account earnings, if any, are included in the account balance limit.   b. “Account owner” means an individual who enters into a participation agreement under this chapter for the payment of qualified disability expenses on behalf of a designated beneficiary.   c. “Contracting state” means the same as defined in section 529A of the Internal Revenue Code.   d. “Designated beneficiary” means an individual who is a resident of this state or a resident of a contracting state and who meets the definition of “eligible individual” in section 529A of the Internal Revenue Code.   e. “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended, and regulations promulgated thereunder.   f. “Iowa ABLE savings plan trust” or “trust” means the trust created under section 12I.2.   g. “Participation agreement” means an agreement between the account owner and the trust entered into under this chapter.   h. “Qualified ABLE program” means the same as defined in section 529A of the Internal Revenue Code.   i. “Qualified disability expenses” means the same as defined in section 529A of the Internal Revenue Code.   j. “Resident” shall be defined by rules adopted by the treasurer of state. The rules shall determine residency in such manner as may be required or permitted under section 529A of the Internal Revenue Code, or, in the absence of any guidance under federal law, as the treasurer of state deems advisable for the purpose of satisfying the requirements of section 529A of the Internal Revenue Code.  2015 Acts, ch 137, §76, 162, 163  Referred to in §12D.1, 12I.10
IA Code § 12I.2 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12I - DISABILITIES EXPENSES SAVINGS PLAN TRUST|Section 12I.2 - Creation of Iowa ABLE savings plan trust.

12I.2 Creation of Iowa ABLE savings plan trust.   An Iowa ABLE savings plan trust is created. The treasurer of state is the trustee of the trust, and has all powers necessary to carry out and effectuate the purposes, objectives, and provisions of this chapter pertaining to the trust, including the power to do all of the following:   1. Make and enter into contracts necessary for the administration of the trust created under this chapter.   2. Enter into agreements with this state or any other state, or any federal or other state agency, or other entity as required to implement this chapter.   3. Carry out the duties and obligations of the trust pursuant to this chapter.   4. Accept any grants, gifts, legislative appropriations, and other moneys from the state, any unit of federal, state, or local government, or any other person, firm, partnership, or corporation which the treasurer of state shall deposit into the administrative fund or program fund.   5. Participate in any federal, state, or local governmental program for the benefit of the trust.   6. Procure insurance against any loss in connection with the property, assets, or activities of the trust.   7. Enter into participation agreements with account owners.   8. Make payments to designated beneficiaries pursuant to participation agreements.   9. Make refunds to account owners upon the termination of participation agreements, and partial nonqualified distributions to account owners, pursuant to this chapter and the limitations and restrictions set forth in this chapter.   10. Invest moneys from the program fund in any investments that are determined by the treasurer of state to be appropriate.   11. Engage investment advisors, if necessary, to assist in the investment of trust assets.   12. Contract for goods and services and engage personnel as necessary, including consultants, actuaries, managers, legal counsel, and auditors for the purpose of rendering professional, managerial, and technical assistance and advice to the treasurer of state regarding trust administration and operation.   13. Establish, impose, and collect administrative fees and charges in connection with transactions of the trust, and provide for reasonable service charges, including penalties for cancellations and late payments with respect to participation agreements.   14. Administer the funds of the trust.   15. Prepare and file reports and notices.   16. Enter into agreements with contracting states to permit residents of the contracting state to participate in the Iowa ABLE savings plan trust.   17. Adopt rules pursuant to chapter 17A for the administration of this chapter.  2015 Acts, ch 137, §77, 162, 163  Referred to in §12I.1
IA Code § 12I.4 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12I - DISABILITIES EXPENSES SAVINGS PLAN TRUST|Section 12I.4 - Program and administrative funds — investment and payment.

12I.4 Program and administrative funds — investment and payment.   1. a. The treasurer of state shall segregate moneys received by the trust into two funds: the program fund and the administrative fund.   b. All moneys paid by account owners or other persons on behalf of a designated beneficiary in connection with participation agreements shall be deposited as received into separate accounts for each designated beneficiary within the program fund.   c. Contributions to the trust made on behalf of designated beneficiaries may only be made in the form of cash.   d. An account owner or designated beneficiary is not permitted to provide investment direction regarding contributions or earnings held by the trust.   2. Moneys accrued by account owners in the program fund of the trust may be used for payments of qualified disability expenses.   3. Moneys in the account of a designated beneficiary may be claimed by the Iowa Medicaid program as provided in section 529A(f) of the Internal Revenue Code and subject to limitations imposed by the treasurer of state.   4. The trust shall comply with Pub. L. No. 113-295, §103, regarding treatment of ABLE accounts under certain federal programs.   5. Moneys in the funds are not subject to section 8.33. Notwithstanding section 12C.7, interest or earnings on moneys in the funds shall be credited to the funds.  2015 Acts, ch 137, §79, 162, 163  Referred to in §12I.9
IA Code § 12I.5 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12I - DISABILITIES EXPENSES SAVINGS PLAN TRUST|Section 12I.5 - Cancellation of agreements.

12I.5 Cancellation of agreements.   An account owner may cancel a participation agreement at will. Upon cancellation of a participation agreement, an account owner shall be entitled to the return of the account owner’s account balance.  2015 Acts, ch 137, §80, 162, 163
IA Code § 12I.6 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12I - DISABILITIES EXPENSES SAVINGS PLAN TRUST|Section 12I.6 - Repayment and ownership of payments and investment income — transfer of ownership rights.

12I.6 Repayment and ownership of payments and investment income — transfer of ownership rights.   1. a. An account owner retains ownership of all contributions made on behalf of a designated beneficiary under a participation agreement up to the date of utilization for payment of qualified disability expenses of the designated beneficiary.   b. All income derived from the investment of the contributions made on behalf of a designated beneficiary shall be considered to be held in trust for the benefit of the designated beneficiary.   2. In the event the trust is terminated prior to payment of qualified disability expenses for the designated beneficiary, the account owner is entitled to a refund of the account owner’s account balance.   3. Any amounts which may be paid to any person or persons pursuant to the Iowa ABLE savings plan trust but which are not listed in this section are owned by the trust.   4. An account owner may transfer ownership rights to another designated beneficiary, including a gift of the ownership rights to a designated beneficiary who is a minor, in accordance with rules adopted by the treasurer of state and the terms of the participation agreement, so long as the transfer would be permitted by section 529A of the Internal Revenue Code.   5. An account owner or designated beneficiary shall not be entitled to utilize any interest in the trust as security for a loan.  2015 Acts, ch 137, §81, 162, 163
IA Code § 12I.7 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12I - DISABILITIES EXPENSES SAVINGS PLAN TRUST|Section 12I.7 - Reports — annual audited financial report — reports under federal law.

12I.7 Reports — annual audited financial report — reports under federal law.   1. a. The treasurer of state shall submit an annual audited financial report, prepared in accordance with generally accepted accounting principles, on the operations of the trust by November 1 to the governor and the general assembly.   b. The annual audit shall be made either by the auditor of state or by an independent certified public accountant designated by the auditor of state and shall include direct and indirect costs attributable to the use of outside consultants, independent contractors, and any other persons who are not state employees.   2. The annual audit shall be supplemented by all of the following information prepared by the treasurer of state:   a. Any related studies or evaluations prepared in the preceding year.   b. A summary of the benefits provided by the trust, including the number of account owners and designated beneficiaries in the trust, or, if the trust has caused this state to become a contracting state pursuant to section 12I.10, a summary of the benefits provided to Iowa residents by the contracted qualified ABLE program, including the number of account owners and designated beneficiaries in the contracted qualified ABLE program who are Iowa residents.   c. Any other information deemed relevant by the treasurer of state in order to make a full, fair, and effective disclosure of the operations of the trust or the contracted qualified ABLE program if applicable.   3. The treasurer of state shall prepare and submit to the secretary of the United States treasury or other required party any reports, notices, or statements required under section 529A of the Internal Revenue Code.  2015 Acts, ch 137, §82, 162, 163  Referred to in §12I.10