reglab/housing_qa huggingface dataset:
IA Code § 12C.13 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12C - DEPOSIT OF PUBLIC FUNDS|Section 12C.13 - Deposit not membership.

12C.13 Deposit not membership.   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 Constitution of the State of Iowa or any other provision of law.  84 Acts, ch 1230, §17  C85, §453.13  C93, §12C.13  2007 Acts, ch 174, §77; 2012 Acts, ch 1017, §37
IA Code § 12C.14 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12C - DEPOSIT OF PUBLIC FUNDS|Section 12C.14 - School bonds and earnings.

12C.14 School bonds and earnings. Repealed by 95 Acts, ch 25, §3.
IA Code § 12C.15 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12C - DEPOSIT OF PUBLIC FUNDS|Section 12C.15 - Restriction on requiring collateral.

12C.15 Restriction on requiring collateral.   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 117, §6, 15
IA Code § 12C.17 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12C - DEPOSIT OF PUBLIC FUNDS|Section 12C.17 - Deposit of securities.

12C.17 Deposit of securities.   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 shall be deposited pursuant to a bailment agreement with a financial institution having facilities for the safekeeping of securities and doing business in the state. A financial institution which receives securities for safekeeping is liable to the public officer to whom the securities are pledged for any loss suffered by the public officer if the financial institution relinquishes custody of the securities contrary to the provisions of this chapter or the instrument governing the pledge of the securities.   c. The securities shall be deposited with the federal reserve bank, the federal home loan bank of Des Moines, Iowa, a corporate central credit union organized under section 533.213, or a corporate credit union whose activities are subject to regulation by the national credit union administration pursuant to a bailment agreement or a pledge custody agreement.   d. The securities may be deposited by any combination of methods specified in paragraphs “a”, “b”, and “c”.   2. A deposit of securities shall not be made in a facility owned or controlled directly or indirectly by the financial institution which deposits the securities.   3. All deposits of securities, other than deposits of securities with the appropriate public officer, shall have a joint custody receipt taken for the securities with one copy delivered to the public officer and one copy delivered to the credit union. A credit union pledging securities with a public officer may cause the securities to be examined in the officer’s office to show the securities are placed with the officer as collateral security and are not transferable except upon the conditions provided in this chapter.   4. Upon written request from the appropriate public officer but not less than monthly, the federal reserve bank, the federal home loan bank of Des Moines, Iowa, a corporate central credit union organized under section 533.213, or a corporate credit union whose activities are subject to regulation by the national credit union administration shall report a description, the par value, and the market value of any pledged collateral by a credit union.  84 Acts, ch 1230, §21  C85, §453.17  85 Acts, ch 194, §4; 92 Acts, ch 1156, §31 – 33  C93, §12C.17  99 Acts, ch 117, §8, 15; 2006 Acts, ch 1040, §2, 3; 2007 Acts, ch 174, §79, 80; 2008 Acts, ch 1191, §28, 29; 2014 Acts, ch 1092, §8, 9  Referred to in §12C.1
IA Code § 12C.18 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12C - DEPOSIT OF PUBLIC FUNDS|Section 12C.18 - Condition of security.

12C.18 Condition of security.   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 by law, pay the funds to the public officer who made the deposit.  84 Acts, ch 1230, §22  C85, §453.18  92 Acts, ch 1156, §34  C93, §12C.18  99 Acts, ch 117, §9, 15  Referred to in §12C.1
IA Code § 12C.19 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12C - DEPOSIT OF PUBLIC FUNDS|Section 12C.19 - Withdrawals, exchanges of security.

12C.19 Withdrawals, exchanges of security.   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 necessary to comply with this chapter, or withdrawal is required for collection by virtue of maturity or exchange. The depository institution shall replace securities so withdrawn for collection or exchange.   2. In an exchange of deposited securities for new securities, the amount of security on deposit at any time shall not be decreased below that otherwise required by this chapter.   3. In the event of substitution, addition, or exchange of securities, the holder or custodian of the securities shall, on the same day, forward by regular mail to the public officer and the credit union, a receipt specifically describing and identifying both the substituted or additional securities.   4. The public officer which deposits public funds with a credit union shall require, if the market value of the securities deposited with or for the benefit of the officer falls below one hundred ten percent of the deposit liability to the public officer, the deposit of additional security to bring the total market value of the security to one hundred ten percent of the amount of public funds held by the credit union.  84 Acts, ch 1230, §23  C85, §453.19  92 Acts, ch 1156, §35  C93, §12C.19  99 Acts, ch 117, §10, 15; 2002 Acts, ch 1096, §6, 17; 2003 Acts, ch 44, §6  Referred to in §12C.1
IA Code § 12C.20 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12C - DEPOSIT OF PUBLIC FUNDS|Section 12C.20 - Public funds reports.

12C.20 Public funds reports.   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 funds on deposit at each such branch of the out-of-state bank as of the end of the previous calendar quarter.   2. A bank shall, upon request of the superintendent, certify to the superintendent the amount of public funds on deposit at the bank and at each branch of an out-of-state bank on any day specified by the superintendent in such request.   3. The superintendent may at any time make such investigation as the superintendent deems necessary and appropriate to verify the information provided to the superintendent pursuant to subsections 1 and 2.   4. On or before the twentieth day of February, May, August, and November of each year, the superintendent shall notify the treasurer of state of the amount of collateral required to be pledged as of the end of the previous calendar quarter based upon the certification provided to the superintendent under subsection 1 or 2 and a review by the superintendent of the quarterly call report filed by each bank that is not an out-of-state bank.  2002 Acts, ch 1096, §7, 17; 2012 Acts, ch 1017, §38
IA Code § 12C.21 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12C - DEPOSIT OF PUBLIC FUNDS|Section 12C.21 - Required collateral — banks.

12C.21 Required collateral — banks. Repealed by 99 Acts, ch 117, §14, 15.
IA Code § 12C.24 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12C - DEPOSIT OF PUBLIC FUNDS|Section 12C.24 - Liability.

12C.24 Liability.   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 board member of the public funds depositor, is exempt from liability for any loss resulting from the loss of public funds in the absence of negligence, malfeasance, misfeasance, or nonfeasance on the part of the public body or such person.  85 Acts, ch 194, §7  CS85, §453.24  C93, §12C.24  2002 Acts, ch 1096, §10, 17  Referred to in §12C.1
IA Code § 12C.25 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12C - DEPOSIT OF PUBLIC FUNDS|Section 12C.25 - State sinking funds created.

12C.25 State sinking funds created.   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 invested by the treasurer of state with earnings credited to that fund. Fees paid by banks for administration of this chapter shall be credited to the state sinking fund for public deposits in banks and the treasurer of state may deduct actual costs of administration from that fund.   3. The funds shall be used to receive and disburse moneys pursuant to section 12C.23, subsection 3, paragraph “d” and section 12C.23A, subsection 3, paragraph “d”.  85 Acts, ch 194, §8  CS85, §453.25  86 Acts, ch 1237, §28  C93, §12C.25  99 Acts, ch 117, §13, 15; 2000 Acts, ch 1154, §2; 2002 Acts, ch 1096, §11, 17
IA Code § 12C.26 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12C - DEPOSIT OF PUBLIC FUNDS|Section 12C.26 - Refund from sinking funds.

12C.26 Refund from sinking funds.   1. If at the end of any calendar year the amount in the sinking fund exceeds three million one hundred thousand dollars, then to the extent the amount in the sinking fund exceeds three million dollars, the treasurer shall, on or before January 31 of the following year, refund to each bank that paid an assessment after the year 1999 to the sinking fund resulting from the closing of a bank, its pro rata share of the unreimbursed portion of the total assessment paid by all banks. If assessments remain unreimbursed by reason of the closing of more than one bank, the reimbursements shall be made to the banks that paid assessments by reason of the bank which closed first until those banks are reimbursed in full, and then to the banks that paid assessments by reason of the bank which closed next. Such a refund shall not be made to a bank if the refund would exceed the amount of previous assessments paid by the bank.   2. Upon recovery of a loss of public funds due to a closed credit union, the treasurer of state may refund all or a portion of the recovered amount to the credit unions that paid an assessment under this chapter as a result of the closing of that credit union.  2000 Acts, ch 1232, §22, 40; 2002 Acts, ch 1096, §12, 17
IA Code § 12C.27 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12C - DEPOSIT OF PUBLIC FUNDS|Section 12C.27 - Failure to maintain required collateral.

12C.27 Failure to maintain required collateral.   If the treasurer of state determines that a bank fails to comply with section 12C.22, subsections 2 and 3, the treasurer of state may restrict that bank from accepting uninsured public funds and shall notify the office of thrift supervision, the office of the comptroller of the currency, or the superintendent as applicable, who may take such action against the bank, its board of directors and officers as permitted by law.  2002 Acts, ch 1096, §13, 17; 2003 Acts, ch 179, §93
IA Code § 12C.28 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12C - DEPOSIT OF PUBLIC FUNDS|Section 12C.28 - Electronic reporting.

12C.28 Electronic reporting.   Any notice, information, report, or other communication required by this chapter shall be deemed effective and in compliance with this chapter if sent or given electronically as provided in rules adopted pursuant to chapter 17A by the appropriate superintendent or the treasurer of state.  2002 Acts, ch 1096, §14, 17; 2010 Acts, ch 1028, §4, 14
IA Code § 12D.4 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12D - IOWA EDUCATIONAL SAVINGS PLAN TRUST|Section 12D.4 - Program and administrative funds — investment and payments.

12D.4 Program and administrative funds — investment and payments.   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 participants in connection with participation agreements shall be deposited as received into separate accounts within the program fund.   c. Contributions to the trust made by participants may only be made in the form of cash.   d. A participant or beneficiary may, directly or indirectly, direct the investment of any contributions to the trust or any earnings thereon no more than two times in a calendar year.   e. The amount of cash distributions from the trust and all other qualified state tuition programs under section 529 of the Internal Revenue Code to a beneficiary during any taxable year shall, in the aggregate, include no more than ten thousand dollars in expenses for tuition in connection with enrollment at an elementary or secondary public, private, or religious school incurred during the taxable year.   2. Moneys accrued by participants in the program fund of the trust may be used for payments to any qualified educational institution. Payments can be made to the qualified educational institution, the participant, or the beneficiary.  98 Acts, ch 1172, §4; 2004 Acts, ch 1079, §9, 17; 2018 Acts, ch 1161, §139, 147, 148  Referred to in §12D.1, 12D.9  2018 amendment applies retroactively to January 1, 2018, for withdrawals from the Iowa educational savings plan trust made on or after that date; 2018 Acts, ch 1161, §148
IA Code § 12D.4A (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12D - IOWA EDUCATIONAL SAVINGS PLAN TRUST|Section 12D.4A - Administrative fund — appropriation.

12D.4A Administrative fund — appropriation. Repealed by  2000 Acts, ch 1231, §39  ;  2001 Acts, ch 24, §72, 74  .
IA Code § 12D.5 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12D - IOWA EDUCATIONAL SAVINGS PLAN TRUST|Section 12D.5 - Cancellation of agreements.

12D.5 Cancellation of agreements.   A participant may cancel a participation agreement at will. Upon cancellation of a participation agreement, a participant shall be entitled to the return of the participant’s account balance.  98 Acts, ch 1172, §5; 99 Acts, ch 96, §1; 99 Acts, ch 122, §6, 7, 10; 2003 Acts, ch 142, §1, 11; 2004 Acts, ch 1079, §10, 17
IA Code § 12D.6 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12D - IOWA EDUCATIONAL SAVINGS PLAN TRUST|Section 12D.6 - Repayment and ownership of payments and investment income — transfer of ownership rights.

12D.6 Repayment and ownership of payments and investment income — transfer of ownership rights.   1. a. A participant retains ownership of all payments made under a participation agreement up to the date of utilization for payment of qualified education expenses for the beneficiary.   b. All income derived from the investment of the payments made by the participant shall be considered to be held in trust for the benefit of the beneficiary.   2. In the event the program is terminated prior to payment of qualified education expenses for the beneficiary, the participant is entitled to a refund of the participant’s account balance.   3. The qualified educational institution shall obtain ownership of the payments made for the qualified education expenses paid to the institution at the time each payment is made to the institution.   4. Any amounts which may be paid to any person or persons pursuant to the Iowa educational savings plan trust but which are not listed in this section are owned by the trust.   5. A participant may transfer ownership rights to another participant, or may transfer funds to another plan under the trust or to an ABLE account as permitted under section 529(c)(3)(C) of the Internal Revenue Code. The transfer shall be made and the property distributed in accordance with rules adopted by the treasurer of state or with the terms of the participation agreement.   6. A participant shall not be entitled to utilize any interest in the trust as security for a loan.  98 Acts, ch 1172, §6; 99 Acts, ch 96, §2; 99 Acts, ch 114, §2; 99 Acts, ch 122, §8, 10; 2004 Acts, ch 1079, §11, 12, 17; 2018 Acts, ch 1161, §140, 141, 147, 148  Referred to in §12D.9, 422.7(32)(c)  2018 amendments to subsection 1, paragraph a, and subsections 2, 3, and 5, apply retroactively to January 1, 2018, for withdrawals from the Iowa educational savings plan trust made on or after that date; 2018 Acts, ch 1161, §148
IA Code § 12D.7 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12D - IOWA EDUCATIONAL SAVINGS PLAN TRUST|Section 12D.7 - Effect of payments on determination of need and eligibility for student financial aid.

12D.7 Effect of payments on determination of need and eligibility for student financial aid.   A student loan program, student grant program, or other program administered by any agency of the state, except as may be otherwise provided by federal law or the provisions of any specific grant applicable to that law, shall not take into account and shall not consider amounts available for the payment of qualified education expenses pursuant to the Iowa educational savings plan trust in determining need and eligibility for student aid.  98 Acts, ch 1172, §7; 2018 Acts, ch 1161, §142, 147, 148  2018 amendment applies retroactively to January 1, 2018, for withdrawals from the Iowa educational savings plan trust made on or after that date; 2018 Acts, ch 1161, §148
IA Code § 12D.8 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12D - IOWA EDUCATIONAL SAVINGS PLAN TRUST|Section 12D.8 - Annual audited financial report to governor and general assembly.

12D.8 Annual audited financial report to governor and general assembly.   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 participants and beneficiaries in the trust.   c. Any other information which is relevant in order to make a full, fair, and effective disclosure of the operations of the trust.  98 Acts, ch 1172, §8; 2008 Acts, ch 1032, §201
IA Code § 12D.9 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12D - IOWA EDUCATIONAL SAVINGS PLAN TRUST|Section 12D.9 - Tax considerations.

12D.9 Tax considerations.   1. For federal income tax purposes, the Iowa educational savings plan trust shall be considered a qualified state tuition program exempt from taxation pursuant to section 529 of the Internal Revenue Code. The Iowa educational savings plan trust meets the requirements of section 529(b), of the Internal Revenue Code, as follows:   a. Pursuant to section 12D.3, subsection 1, a participant may make contributions to an account which is established for the purpose of meeting the qualified education expenses of the designated beneficiary of the account.   b. Pursuant to section 12D.3, subsection 1, a maximum contribution level is established.   c. Pursuant to section 12D.4, subsection 1, paragraph “b”, a separate account is established for each beneficiary.   d. Pursuant to section 12D.4, subsection 1, paragraph “c”, contributions may only be made in the form of cash.   e. Pursuant to section 12D.4, subsection 1, paragraph “d”, a participant or beneficiary shall not provide investment direction regarding program contributions or earnings held by the trust.   f. Pursuant to section 12D.6, subsection 6, a participant shall not pledge any interest in the trust as security for a loan.   2. State income tax treatment of the Iowa educational savings plan trust shall be as provided in section 422.7, subsections 32 and 33.   3. State inheritance tax treatment of interests in Iowa educational savings plans shall be as provided in section 450.4, subsection 8. This subsection shall apply to all Iowa educational savings plans existing on or after July 1, 1998.  98 Acts, ch 1172, §9; 99 Acts, ch 122, §9, 10; 2003 Acts, ch 142, §2, 11; 2004 Acts, ch 1079, §13, 14, 17; 2005 Acts, ch 179, §107; 2008 Acts, ch 1164, §1; 2018 Acts, ch 1161, §143, 147, 148  For future amendment to subsection 2, effective on or after January 1, 2023, contingent upon meeting certain net general fund revenue criteria, see  2018 Acts, ch 1161, §99, 133, 134  2018 amendment to subsection 1, paragraph a, applies retroactively to January 1, 2018, for withdrawals from the Iowa educational savings plan trust made on or after that date; 2018 Acts, ch 1161, §148
IA Code § 12D.10 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12D - IOWA EDUCATIONAL SAVINGS PLAN TRUST|Section 12D.10 - Property rights to assets in trust.

12D.10 Property rights to assets in trust.   1. The assets of the trust shall at all times be preserved, invested, and expended solely and only for the purposes of the trust and shall be held in trust for the participants and beneficiaries.   2. No property rights in the trust shall exist in favor of the state.   3. The assets of the trust shall not be transferred or used by the state for any purposes other than the purposes of the trust.  98 Acts, ch 1172, §10; 2004 Acts, ch 1079, §15, 17
IA Code § 12D.11 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12D - IOWA EDUCATIONAL SAVINGS PLAN TRUST|Section 12D.11 - Construction.

12D.11 Construction.   This chapter shall be construed liberally in order to effectuate its purpose.  98 Acts, ch 1172, §11
IA Code § 12E.1 (2021)
2021 Iowa Code|Title I - STATE SOVEREIGNTY AND MANAGEMENT|Chapter 12E - TOBACCO SETTLEMENT AUTHORITY|Section 12E.1 - Title.

12E.1 Title.   This chapter shall be known and may be cited as the “Tobacco Settlement Authority Act”.  2000 Acts, ch 1208, §1, 25