reglab/statecodes huggingface dataset:
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.7 - Interest on bonds.

12.7 Interest on bonds.
When interest on any bonds of the state becomes due, the treasurer shall provide funds for the payment thereof on the day and at the place where payable; and persons holding such bonds are required to present the same at such place within ten days from such day, at the expiration of which time the funds remaining unexpended and vouchers for interest paid shall be returned to the treasury.
[C73, §82; C97, §108; C24, 27, 31, 35, 39, §138; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §12.7]
Deposits in general, §12C.1
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.8 - Investment or deposit of surplus — appropriation — investment income — lending securities.

12.8 Investment or deposit of surplus — appropriation — investment income — lending securities.
1. The treasurer of state shall invest or deposit, subject to chapters 12F, 12H, and 12J and as provided by law, any of the public funds not currently needed for operating expenses and shall do so upon receipt of monthly notice from the director of the department of administrative services of the amount not so needed. In the event of loss on redemption or sale of securities invested as prescribed by law, and if the transaction is reported to the executive council, neither the treasurer nor director of the department of administrative services is personally liable but the loss shall be charged against the funds which would have received the profits or interest of the investment and there is appropriated from the funds the amount so required.
2. Investment income may be used to maintain compensating balances, pay transaction costs for investments made by the treasurer of state, and pay administrative and related overhead costs incurred by the treasurer of state in the management of money. The treasurer of state shall coordinate with the affected departments to determine how compensating balances, transaction costs, or money management and related costs will be established. All charges against a retirement system must be documented and notification of the charges shall be made to the appropriate administration of the retirement system affected.
3. The treasurer of state, with the approval of the investment board of the Iowa public employees’ retirement system, may conduct a program of lending securities in the Iowa public employees’ retirement system portfolio. When securities are loaned as provided by this paragraph, the treasurer shall act in the manner provided for investment of moneys in the Iowa public employees’ retirement fund under section 97B.7A. The treasurer of state shall report at least annually to the investment board of the Iowa public employees’ retirement system on the program and shall provide additional information on the program upon the request of the investment board or the employees of the Iowa public employees’ retirement system.
[C24, 27, 31, 35, 39, §141; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §12.8]
84 Acts, ch 1180, §6; 85 Acts, ch 227, §6; 88 Acts, ch 1242, §1; 91 Acts, ch 268, §123; 94 Acts, ch 1001, §1; 2001 Acts, ch 68, §1, 24; 2003 Acts, ch 145, §286; 2004 Acts, ch 1101, §98, 102; 2007 Acts, ch 39, §8; 2011 Acts, ch 82, §8; 2017 Acts, ch 29, §11
Referred to in §12C.7
Investment or deposit, §12B.10
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.10 - Deposits by state officers.

12.10 Deposits by state officers.
Except as otherwise provided, all elective and appointive state officers, boards, commissions, and departments shall, within ten days succeeding the collection, deposit with the treasurer of state, or to the credit of the treasurer of state in any depository designated by the treasurer of state, ninety percent of all fees, commissions, and moneys collected or received. The balance actually collected in cash, remaining in the hands of any officer, board, or department shall not exceed the sum of five thousand dollars and money collected shall not be held more than thirty days. This section does not apply to the state fair board, the state board of regents, the utilities board of the department of commerce, the director of the department of human services, the Iowa finance authority or to the funds received by the state racing and gaming commission under sections 99D.7 and 99D.14.
[C73, §3778; C97, §191; S13, §170-d; C24, 27, 31, 35, 39, §143; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §12.10]
83 Acts, ch 96, §157, 159; 83 Acts, ch 187, §29; 84 Acts, ch 1266, §2
Referred to in §524.207, 533.111
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.14 - Statement itemized.

12.14 Statement itemized.
Each deposit shall be accompanied by an itemized statement of the sources from which the money has been collected, and the funds to be credited, a duplicate of which shall, at the time, be filed with the department of administrative services.
[S13, §170-d; C24, 27, 31, 35, 39, §144; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §12.14]
2003 Acts, ch 145, §286
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.15 - Director and treasurer to keep account.

12.15 Director and treasurer to keep account.
The treasurer and director of the department of administrative services shall each keep an accurate account of the moneys so deposited.
[S13, §170-f; C24, 27, 31, 35, 39, §145; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §12.15]
2003 Acts, ch 145, §286
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.16 - Swampland indemnity.

12.16 Swampland indemnity.
All swampland indemnity money paid by the federal government to this state under any Act of Congress relating thereto shall be paid by the treasurer of state to the county treasurer of the county where the land, on account of which such payment is made, is located. The county treasurer shall be liable on a bond for the safe custody of said funds and shall promptly notify the board of supervisors of the receipt thereof. Said funds shall be applied by the said supervisors as required by law.
[S13, §116-d, -e, -f; C24, 27, 31, 35, 39, §146; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §12.16]
Referred to in §331.552
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.17 - Biennial report.

12.17 Biennial report.
The treasurer of state shall, biennially, at the time provided by law, report to the governor the state of the treasury and exhibit therein the amount received and paid out by the treasurer since the last report, and the balance remaining in the treasury.
[C51, §68; R60, §89; C73, §81; C97, §107; C24, 27, 31, 35, 39, §147; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §12.17]
Biennial reports, see §7A.3
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.18 - Salary.

12.18 Salary.
The salary of the treasurer of state shall be as fixed by the general assembly.
[C31, 35, §147-c1; C39, §147.1; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §12.18]
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.19 - Six-months limit on checks.

12.19 Six-months limit on checks.
On the first day of each quarter of each fiscal year of the state, the state treasurer shall stop payment on and make void all treasury checks dated six months or more prior to that date, and the state treasurer shall not redeem any such check thereafter.
[C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §12.19]
Referred to in §12.20
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.20 - Issuance of new check.

12.20 Issuance of new check.
Upon presentation of any check voided as provided in section 12.19 by the holder of the check after the six-month period, the state treasurer is authorized to issue a new check for the amount of the original check to the holder.
[C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §12.20]
2020 Acts, ch 1063, §8; 2021 Acts, ch 76, §3
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.21 - Accepting credit card payments.

12.21 Accepting credit card payments.
The treasurer of state may enter into an agreement with a financial institution to provide credit card receipt processing for state departments which are authorized by the treasurer of state to accept payment by credit card. A department which accepts credit card payments may adjust its fees to reflect the cost of processing as determined by the treasurer of state. A fee may be charged by a department for using the credit card payment method notwithstanding any other provision of the Code setting specific fees. The treasurer of state shall adopt rules to implement this section.
89 Acts, ch 120, §1; 92 Acts, ch 1126, §1; 95 Acts, ch 219, §36
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.25 - Legislative findings.

12.25 Legislative findings.
The general assembly finds and declares that because of differences in the timing of the receipt of tax and other revenues and the expenditure of funds by the state, the state has been unable to remain timely on its obligations, including its payments of school aid; the untimely payment of state aid has created a hardship for schools by increasing their costs and hindering their ability to remain timely on their obligations; it would be advantageous to the state to be able to issue notes in anticipation of its tax and other revenues in order to coordinate its cash flow; and pending their use, the proceeds of notes issued in anticipation of tax and other revenues should be invested in order to pay the cost of issuing the notes and as a benefit to the state. It is the purpose of this section and section 12.26 to enable the state to make timely payments of its obligations, including its school aid payments, by securing funds through the issuance of notes in anticipation of the state’s tax and other revenues.
85 Acts, ch 34, §18
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.31 - Short title.

12.31 Short title.
This section and sections 12.32 through 12.43 shall be known as the “Linked Investments for Tomorrow Act”.
86 Acts, ch 1096, §1; 89 Acts, ch 234, §1; 2000 Acts, ch 1058, §3; 2006 Acts, ch 1165, §1
Referred to in §12.32
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.32 - Definitions.

12.32 Definitions.
As used in section 12.31, this section, and sections 12.34 through 12.43, unless the context otherwise requires:
1. “Eligible borrower” means any person who is qualified to participate in one of the programs in this section and sections 12.34 through 12.43. “Eligible borrower” does not include a person who has been determined to be delinquent in making child support payments or any other payments due the state.
2. “Eligible lending institution” means a financial institution that is empowered to make commercial loans and is eligible pursuant to chapter 12C to be a depository of state funds.
3. “Linked investment” means a certificate of deposit issued pursuant to this section and sections 12.34 through 12.43 to the treasurer of state by an eligible lending institution, at an interest rate not more than three percent below current market rate on the condition that the institution agrees to lend the value of the deposit, according to the investment agreement provided in section 12.35, to an eligible borrower at a rate not to exceed four percent above the rate paid on the certificate of deposit. The treasurer of state shall determine and make available the current market rate which shall be used each month.
86 Acts, ch 1096, §2; 89 Acts, ch 234, §2; 96 Acts, ch 1058, §1; 97 Acts, ch 195, §1, 2, 10; 99 Acts, ch 177, §1, 9; 2000 Acts, ch 1058, §4, 5; 2001 Acts, ch 24, §1; 2006 Acts, ch 1165, §2
Referred to in §12.31, 12.34, 12.35, 12.36, 466.8
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.34 - Linked investments — limitations — rules — maturity and renewal of certificates.

12.34 Linked investments — limitations — rules — maturity and renewal of certificates.
1. The treasurer of state may invest up to the lesser of one hundred eight million dollars or twenty-five percent of the balance of the state pooled money fund in certificates of deposit in eligible lending institutions as provided in section 12.32, this section, and sections 12.35 through 12.43. One-half of the moneys invested pursuant to this section shall be made available under the program implemented pursuant to section 12.43 to increase the availability of lower cost moneys for purposes of injecting needed capital into small businesses which are fifty-one percent or more owned, operated, and actively managed by one or more women, minority persons, or persons with disabilities. “Disability” and “minority person” mean the same as defined in section 15.102. The treasurer shall invest the remaining one-half of the moneys invested pursuant to this section to support any other eligible applicant as provided in section 12.43.
2. The treasurer of state shall adopt rules pursuant to chapter 17A to administer section 12.32, this section, and sections 12.35 through 12.43.
3. A certificate of deposit that is issued to the treasurer of state by an eligible lending institution on or after July 1, 2006, may be renewed at the option of the treasurer on an annual basis for a total term not to exceed five years. All participants with certificates of deposit issued prior to July 1, 2006, are subject, for renewal certificates of deposit, to the requirements and terms applicable to the certificates of deposit issued prior to July 1, 2006.
86 Acts, ch 1096, §4; 89 Acts, ch 234, §4; 96 Acts, ch 1058, §2, 3, 9, 10, 12; 97 Acts, ch 195, §4, 10; 99 Acts, ch 177, §2, 7, 9; 2001 Acts, ch 24, §2; 2006 Acts, ch 1165, §3; 2019 Acts, ch 139, §2
Referred to in §12.31, 12.32, 12.35, 12.36
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.35 - Agreement — loan applications.

12.35 Agreement — loan applications.
1. An eligible lending institution that desires to receive a linked investment shall enter into an agreement with the treasurer of state, which shall include requirements necessary for the eligible lending institution to comply with sections 12.32 and 12.34, this section, and sections 12.36 through 12.43.
2. An eligible lending institution that desires to receive a linked investment shall accept and review applications for loans from eligible borrowers.
3. The eligible lending institution shall forward to the treasurer of state a linked investment loan package in the form and manner as prescribed by the treasurer of state. The package shall include information required by the treasurer of state, including but not limited to the amount of the loan requested and the purpose of the loan. The institution shall certify that the applicant is an eligible borrower.
86 Acts, ch 1096, §5; 89 Acts, ch 234, §5; 96 Acts, ch 1058, §4; 2001 Acts, ch 24, §3; 2006 Acts, ch 1165, §4
Referred to in §12.31, 12.32, 12.34, 12.36, 12.43
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.36 - Actions by treasurer.

12.36 Actions by treasurer.
1. The treasurer of state shall accept or reject a linked investment loan package or any portion of the package based on the type or terms of the loan involved, the availability of state funds, or the compliance of the eligible borrower or eligible lending institution.
2. Upon acceptance of the linked investment loan package or any portion of the package, the treasurer of state shall deposit funds with the eligible lending institution and the eligible lending institution shall issue to the treasurer of state one or more certificates of deposit with interest at a rate determined pursuant to section 12.32, subsection 3. The treasurer of state shall not deposit funds with an eligible lending institution pursuant to sections 12.32, 12.34, 12.35, this section, and sections 12.37 through 12.43, unless the certificate of deposit earns a rate of interest of at least one percent. Interest earned on the certificate of deposit and principal not renewed shall be remitted to the treasurer of state at the time the certificate of deposit matures. Interest from the linked investments for tomorrow program shall be considered earnings of the general fund of the state. Certificates of deposit issued pursuant to sections 12.32, 12.34, 12.35, this section, and sections 12.37 through 12.43 are not subject to a penalty for early withdrawal.
86 Acts, ch 1096, §6; 89 Acts, ch 234, §6; 92 Acts, ch 1105, §1; 96 Acts, ch 1058, §5; 2001 Acts, ch 24, §4; 2006 Acts, ch 1165, §5
Referred to in §12.31, 12.32, 12.34, 12.35
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.37 - Loans.

12.37 Loans.
1. Upon the placement of a linked investment with an eligible lending institution, the institution is required to lend the funds to the eligible borrower listed in the linked investment loan package and in accordance with the investment agreement. The loan shall be at a rate not more than four percent above the rate paid the treasurer by the financial institution. The eligible lending institution shall be required to submit a certification of compliance with this section in the form and manner as prescribed by the treasurer of state.
2. The treasurer of state shall take all steps necessary to implement the linked investments for tomorrow program and monitor compliance of eligible lending institutions and eligible borrowers.
86 Acts, ch 1096, §7; 89 Acts, ch 234, §7
Referred to in §12.31, 12.32, 12.34, 12.35, 12.36
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.38 - Reports.

12.38 Reports.
By February 1 of each year, the treasurer of state shall report on the linked investments for tomorrow programs for the preceding calendar year to the governor, the economic development authority, the speaker of the house of representatives, and the president of the senate. The speaker of the house shall transmit copies of this report to the house co-chairperson of the joint economic development appropriations subcommittee and the chairpersons of the standing committees in the house which customarily consider legislation regarding agriculture, commerce, and economic growth, and the president of the senate shall transmit copies of this report to the senate co-chairperson of the joint economic development appropriations subcommittee and the chairpersons of the standing committees in the senate which customarily consider legislation regarding agriculture, commerce, and economic growth. The report shall set forth the linked investments made by the treasurer of state under the program during the year, the total amount deposited, the number of deposits, and an estimate of foregone interest, and shall include information regarding the nature, terms, and amounts of the loans upon which the linked investments were based and a listing of eligible borrowers to which the loans were made.
86 Acts, ch 1096, §8; 89 Acts, ch 234, §8; 94 Acts, ch 1188, §31; 96 Acts, ch 1058, §6; 2006 Acts, ch 1165, §6; 2011 Acts, ch 118, §85, 89
Referred to in §12.31, 12.32, 12.34, 12.35, 12.36
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.39 - Liability.

12.39 Liability.
The state and the treasurer of state are not liable to an eligible lending institution in any manner for payment of the principal or interest on the loan to an eligible borrower. Any delay in payments or default on the part of an eligible borrower does not in any manner affect the investment agreement between the eligible lending institution and the treasurer of state.
86 Acts, ch 1096, §9; 90 Acts, ch 1168, §6
Referred to in §12.31, 12.32, 12.34, 12.35, 12.36
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.44 - Iowa satisfaction and performance bond program.

12.44 Iowa satisfaction and performance bond program.
1. Agencies of state government shall be required to waive the requirement of satisfaction, performance, surety, or bid bonds for targeted small businesses which are able to demonstrate the inability of securing such a bond because of a lack of experience, lack of net worth, or lack of capital. This waiver shall not apply to businesses with a record of repeated failure of substantial performance or material breach of contract in prior circumstances. The waiver shall be applied only to a project or individual transaction amounting to fifty thousand dollars or less, notwithstanding section 573.2. In order to qualify, the targeted small business shall provide written evidence to the economic development authority that the bond would otherwise be denied the business. The granting of the waiver shall in no way relieve the business from its contractual obligations and shall not preclude the state agency from pursuing any remedies under law upon default or breach of contract.
2. The economic development authority shall certify targeted small businesses for eligibility and participation in this program and shall make this information available to other state agencies.
3. Subdivisions of state government may also grant such a waiver under similar circumstances.
87 Acts, ch 233, §129; 88 Acts, ch 1273, §5; 90 Acts, ch 1156, §1; 92 Acts, ch 1244, §10; 2017 Acts, ch 54, §76; 2017 Acts, ch 160, §5
Referred to in §573.2
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.51 - Opioid settlement fund.

12.51 Opioid settlement fund.
1. An opioid settlement fund is created in the office of the treasurer of state. The fund shall be separate from the general fund of the state and the balance in the fund shall not be considered part of the balance of the general fund of the state. The state portion of any moneys paid to the state as a result of a national settlement of litigation with entities that manufactured, marketed, sold, distributed, dispensed, or promoted opioids, made in connection with claims arising from the manufacturing, marketing, selling, distributing, dispensing, or promoting of opioids, shall be deposited in the fund. This subsection does not apply to such moneys paid to the state that are earmarked for or otherwise required to be transferred or distributed to counties, cities, or other local governmental entities.
2. Moneys in the fund shall not be transferred, used, obligated, appropriated, or otherwise encumbered except as provided in this section. Moneys in the fund shall only be used pursuant to appropriations from the fund by the general assembly for purposes of abating the opioid crisis in this state, which may include but are not limited to the purposes specified in section 135.190A for moneys in the opioid antagonist medication fund.
3. Notwithstanding section 8.33, moneys in the fund that remain unencumbered or unobligated at the close of a fiscal year shall not revert. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys in the fund shall be credited to the fund.
2022 Acts, ch 1121, §1
NEW section
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.61 - State-sponsored credit card.

12.61 State-sponsored credit card.
1. For purposes of this section, unless the context otherwise requires:
a. “Financial institution” means a state bank as defined in section 524.103, a federally chartered state bank having its principal office within this state, a federally chartered credit union having its principal office within this state, a federally chartered savings and loan association having its principal office within the state, a credit union organized under chapter 533, or a trust company organized or incorporated under the laws of this state.
b. “Financial institution credit card” means a credit card that entitles the holder to make open-account purchases up to an approved amount and is issued through the agency of a financial institution.
c. “Sponsoring entity” means an entity that allows its name or logo to be used on a particular financial institution credit card in exchange for a fee from the credit card issuer.
2. The treasurer is authorized to participate in a financial institution credit card program for the benefit of the state. Within six months of May 27, 1989, the treasurer shall contact each financial institution to determine if:
a. The financial institution or its Iowa holding company or Iowa affiliate currently administers a credit card program.
b. The credit card program provides a fee or commission on retail sales to the sponsoring entity for the issuance and use of the credit card.
c. The credit card program would accept the state as a sponsoring entity.
3. If the treasurer determines that the state may be a sponsoring entity for a financial institution credit card, the treasurer shall negotiate the most favorable rate for the state’s fee by a credit card issuer.
a. The state shall not offer a more favorable rate to any other credit card issuer.
b. The rate must be expressed as a percentage of the gross sales from the use of the credit card.
c. The proceeds of the fee shall be deposited in the Iowa resources enhancement and protection fund created under section 455A.18.
d. The treasurer shall recommend a logo or design for the state-sponsored credit card indicating the use for which the revenues will be used.
4. In selecting a credit card issuer, the treasurer shall consider the issuer’s record of investments in the state, shall take into consideration credit card features which will enhance the promotion of the state-sponsored credit card including, but not limited to, favorable interest rates, annual fees, and other fees for using the card, and shall require that the card be available to any person who qualifies for a credit card.
5. Upon entering into an agreement with the financial institution, the treasurer shall notify all state agencies then possessing a credit card to obtain the new state-sponsored credit card.
89 Acts, ch 236, §8; 90 Acts, ch 1255, §1; 2012 Acts, ch 1017, §30; 2022 Acts, ch 1062, §1
Subsection 1, paragraph a amended
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.62 - Investments by agencies and political subdivisions — technical information and assistance.

12.62 Investments by agencies and political subdivisions — technical information and assistance.
The treasurer of state shall adopt rules pursuant to chapter 17A for providing technical information and assistance to political subdivisions, the state board of regents, instrumentalities, and agencies of the state authorized to invest funds which are seeking to invest public funds. The treasurer or the treasurer’s designee shall provide technical information and assistance to a political subdivision, the state board of regents, or an instrumentality, or agency of the state authorized to invest funds at the request of the political subdivision, the state board of regents, or an instrumentality, or agency of the state authorized to invest funds, including but not limited to technical information regarding the statutory requirements for investments by the political subdivision, the state board of regents, or an instrumentality, or agency and technical assistance to enable the political subdivision, the state board of regents, or an instrumentality, or agency to invest funds in accordance with state law. However, the fact that information and assistance are provided under this section to a political subdivision, the state board of regents, or an instrumentality, or agency authorized to invest funds shall not make the state, the treasurer of state, or the treasurer’s designee liable to a political subdivision, the state board of regents, or an instrumentality, or agency of the state in any manner for any loss, damage, or expense incurred by the political subdivision, the state board of regents, or an instrumentality, or agency as a result of an investment.
92 Acts, ch 1156, §5
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.71 - General and specific bonding powers — vision Iowa program — future repeal.

12.71 General and specific bonding powers — vision Iowa program — future repeal. Repealed by its own terms;
2016 Acts, ch 1115, §1
.
Section repealed pursuant to terms of former subsection 12; Code editor notified by treasurer of state that bonds issued pursuant to section had a final maturity date of August 15, 2020
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.73 - Vision Iowa fund moneys — administrative costs.

12.73 Vision Iowa fund moneys — administrative costs.
During the term of the vision Iowa program established in section 15F.302, two hundred thousand dollars of the moneys deposited each fiscal year in the vision Iowa fund and appropriated for the vision Iowa program shall be allocated each fiscal year to the economic development authority for administrative costs incurred by the authority for purposes of administering the vision Iowa program.
2000 Acts, ch 1225, §31, 38, 39; 2001 Acts, ch 185, §34; 2011 Acts, ch 118, §85, 89
Referred to in §12.77
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.74 - Pledges.

12.74 Pledges.
It is the intention of the general assembly that a pledge made in respect of bonds or notes shall be valid and binding from the time the pledge is made, that the money or property so pledged and received after the pledge by the treasurer of state shall immediately be subject to the lien of the pledge without physical delivery or further act, and that the lien of the pledge shall be valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the treasurer of state whether or not the parties have notice of the lien.
2000 Acts, ch 1174, §17; 2000 Acts, ch 1232, §42; 2001 Acts, ch 24, §9; 2001 Acts, ch 185, §35, 49
Referred to in §12.75, 12.77
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.75 - Projects.

12.75 Projects.
1. The enhance Iowa board may undertake a project for two or more applicants jointly or for any combination of applicants, and may combine for financing purposes, with the consent of all of the applicants which are involved, the project and some or all future projects of any applicant, and section 12.71, Code 2020, sections 12.72 and 12.74, this section, and sections 12.76 and 12.77 apply to and for the benefit of the enhance Iowa board and the joint applicants. However, the money set aside in a fund or funds pledged for any series or issue of bonds or notes shall be held for the sole benefit of the series or issue separate and apart from money pledged for another series or issue of bonds or notes of the treasurer of state. To facilitate the combining of projects, bonds or notes may be issued in series under one or more resolutions or trust agreements and may be fully open-ended, thus providing for the unlimited issuance of additional series, or partially open-ended, limited as to additional series.
2. For purposes of this section, “applicant” means a city or county or public organization applying for financial assistance under the vision Iowa program established in section 15F.302.
2000 Acts, ch 1174, §18; 2016 Acts, ch 1115, §14
Referred to in §12.77
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.76 - Limitations.

12.76 Limitations.
Bonds or notes issued pursuant to section 12.71, Code 2020, are not debts of the state, nor of any political subdivision of the state, and do not constitute a pledge of the faith and credit of the state or a charge against the general credit or general fund of the state. The issuance of any bonds or notes pursuant to section 12.71, Code 2020, by the treasurer of state does not directly, indirectly, or contingently obligate the state or a political subdivision of the state to apply moneys from, or to levy or pledge any form of taxation whatever to, the payment of the bonds or notes. Bonds and notes issued under section 12.71, Code 2020, are payable solely and only from the sources and special fund provided in section 12.72.
2000 Acts, ch 1174, §19; 2007 Acts, ch 22, §5
Referred to in §12.75, 12.77
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.77 - Construction.

12.77 Construction.
Section 12.71, Code 2020, and sections 12.72 through 12.76, being necessary for the welfare of this state and its inhabitants, shall be liberally construed to effect the purposes of the sections.
2000 Acts, ch 1174, §20; 2016 Acts, ch 1073, §2
Referred to in §12.75
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.79 - FY 2009 prison bonding fund.

12.79 FY 2009 prison bonding fund.
1. An FY 2009 prison bonding fund is created as a separate fund in the state treasury. Moneys in the fund shall not be subject to appropriation for any other purpose by the general assembly, but shall be used only for the purposes of the FY 2009 prison bonding fund.
2. Revenue for the fund shall consist of the net proceeds from the bonds issued pursuant to section 12.80.
3. Moneys in the fund in a fiscal year shall be used as appropriated by the general assembly for prison improvement and prison construction projects. However, for the fiscal year beginning July 1, 2016, any unobligated and unencumbered moneys in the fund from the previous fiscal year are appropriated to the department of corrections for major maintenance projects.
4. Moneys in the fund are not subject to section 8.33. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys in the fund shall be credited to the fund.
5. Annually, on or before January 15 of each year, the department of corrections shall report to the legislative services agency and the department of management the status of all projects completed or in progress. The report shall include a description of the project, the work completed, the total estimated cost of the project, a list of all revenue sources being used to fund the project, the amount of funds expended, the amount of funds obligated, and the date the project was completed or an estimated completion date of the project, where applicable.
2008 Acts, ch 1179, §41; 2016 Acts, ch 1133, §21
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.80 - General and specific bonding powers — prison infrastructure.

12.80 General and specific bonding powers — prison infrastructure.
1. The treasurer of state is authorized to issue bonds to provide prison infrastructure financing as provided in this section. Bonds shall be issued in accordance with the provisions of chapter 12A.
2. Bonds issued under this section are payable solely and only out of the moneys, assets, or revenues of the prison infrastructure fund established in section 602.8108A, and other moneys available as provided in this section, all of which may be deposited with trustees or depositories in accordance with bond or security documents, and are not an indebtedness of this state, or a charge against the general credit or general fund of the state, and the state shall not be liable for the bonds except from amounts on deposit in the prison infrastructure fund and other moneys available as provided in this section. Bonds issued under this section shall contain a statement that the bonds do not constitute an indebtedness of the state.
3. Bonds issued under this section are declared to be issued for an essential public and governmental purpose and all bonds issued under this section shall be exempt from taxation by the state of Iowa and the interest on the bonds shall be exempt from the state income tax and the state inheritance tax.
4. The net proceeds from the bonds issued under this section shall be deposited into the FY 2009 prison bonding fund.
5. The treasurer of state shall cooperate with the department of corrections in the implementation of this section.
6. In order to assure maintenance of bond reserve funds, an issuer shall, on or before January 1 of each calendar year, make and deliver to the governor the issuer’s certificate stating the sum, if any, required to restore each bond reserve fund to the bond reserve fund requirement for that fund. Within thirty days after the beginning of the session of the general assembly next following the delivery of the certificate, the governor shall submit to both houses printed copies of a budget including the sum, if any, required to restore each bond reserve fund to the bond reserve fund requirement for that fund. Any sums appropriated by the general assembly and paid to the issuer pursuant to this subsection shall be deposited by the issuer in the applicable bond reserve fund.
2008 Acts, ch 1179, §42; 2010 Acts, ch 1138, §45; 2014 Acts, ch 1076, §9
Referred to in §12.79, 422.7(2)(g), 602.8108A
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.83 - School infrastructure fund moneys — state fire marshal.

12.83 School infrastructure fund moneys — state fire marshal.
During the term of the school infrastructure program established in section 292.2, up to fifty thousand dollars of the moneys deposited each fiscal year in the school infrastructure fund shall be allocated each fiscal year to the department of public safety for the use of the state fire marshal. The funds shall be used by the state fire marshal solely for the purpose of retaining an architect or architectural firm to evaluate structures for which school infrastructure program grant applications are made, to consult with school district representatives, to review construction drawings and blueprints, and to perform related duties at the direction of the state fire marshal to ensure the best possible use of moneys received by a school district under the school infrastructure program. The state fire marshal shall provide for the review of plans, drawings, and blueprints in a timely manner.
2000 Acts, ch 1225, §32, 38, 39
Referred to in §8.57F, 12.85, 12.86
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.84 - Pledges.

12.84 Pledges.
It is the intention of the general assembly that a pledge made in respect of bonds or notes shall be valid and binding from the time the pledge is made, that the money or property so pledged and received after the pledge by the treasurer of state shall immediately be subject to the lien of the pledge without physical delivery or further act, and that the lien of the pledge shall be valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the treasurer of state whether or not the parties have notice of the lien.
2000 Acts, ch 1174, §23; 2000 Acts, ch 1232, §43; 2001 Acts, ch 185, §36, 49
Referred to in §8.57F, 12.85, 12.86
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.85 - Limitations.

12.85 Limitations.
Bonds or notes issued pursuant to section 12.81 are not debts of the state, or of any political subdivision of the state, and do not constitute a pledge of the faith and credit of the state or a charge against the general credit or general fund of the state. The issuance of any bonds or notes pursuant to section 12.81 by the treasurer of state does not directly, indirectly, or contingently obligate the state or a political subdivision of the state to apply moneys from, or to levy or pledge any form of taxation whatever to, the payment of the bonds or notes. Bonds and notes issued under section 12.81 are payable solely and only from the sources and special fund provided in section 12.82. Expenses incurred in carrying out sections 12.81 through 12.84, this section, and section 12.86 are payable solely from funds available under those sections.
2000 Acts, ch 1174, §24
Referred to in §8.57F, 12.86
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.86 - Construction.

12.86 Construction.
Sections 12.81 through 12.85, being necessary for the welfare of this state and its inhabitants, shall be liberally construed to effect the purposes of the sections.
2000 Acts, ch 1174, §25; 2016 Acts, ch 1073, §3
Referred to in §8.57F, 12.85
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.88 - Revenue bonds capitals fund.

12.88 Revenue bonds capitals fund.
1. A revenue bonds capitals fund is created and established as a separate and distinct fund in the state treasury. The treasurer of state shall act as custodian of the fund and disburse moneys contained in the fund.
2. Revenue for the revenue bonds capitals fund shall include but is not limited to the following, which shall be deposited with the treasurer of state or the treasurer of state’s designee as provided by any bond or security documents and credited to the fund:
a. The net proceeds of bonds issued pursuant to section 12.87 other than bonds issued for the purpose of refunding such bonds, and investment earnings on the net proceeds.
b. Interest attributable to investment of moneys in the fund or an account of the fund.
c. Moneys in the form of a devise, gift, bequest, donation, federal or other grant, reimbursement, repayment, judgment, transfer, payment, or appropriation from any source intended to be used for the purposes of the fund.
3. Moneys in the revenue bonds capitals fund are not subject to section 8.33. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys in the fund shall be credited to the fund.
4. Annually, on or before January 15 of each year, a state agency that received an appropriation from the revenue bonds capitals fund shall report to the legislative services agency and the department of management the status of all projects completed or in progress. The report shall include a description of the project, the work completed, the total estimated cost of the project, a list of all revenue sources being used to fund the project, the amount of funds expended, the amount of funds obligated, and the date the project was completed or an estimated completion date of the project, where applicable.
5. For the fiscal year beginning July 1, 2017, any unobligated and unencumbered moneys in the fund from the previous fiscal year are appropriated to the department of administrative services for major maintenance projects.
2009 Acts, ch 173, §2, 36; 2017 Acts, ch 173, §19
Referred to in §12.87, 12.90, 16.196
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.88A - Revenue bonds capitals II fund.

12.88A Revenue bonds capitals II fund.
1. A revenue bonds capitals II fund is created and established as a separate and distinct fund in the state treasury. The treasurer of state shall act as custodian of the fund and disburse moneys contained in the fund.
2. Revenue for the revenue bonds capitals II fund shall include but is not limited to the following, which shall be deposited with the treasurer of state or the treasurer of state’s designee as provided by any bond or security documents and credited to the fund:
a. The net proceeds of bonds issued after April 1, 2010, pursuant to section 12.87 other than bonds issued for the purpose of refunding such bonds, and investment earnings on the net proceeds.
b. Interest attributable to investment of moneys in the fund or an account of the fund.
c. Moneys in the form of a devise, gift, bequest, donation, federal or other grant, reimbursement, repayment, judgment, transfer, payment, or appropriation from any source intended to be used for the purposes of the fund.
3. Moneys in the revenue bonds capitals II fund are not subject to section 8.33. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys in the fund shall be credited to the fund.
4. Annually, on or before January 15 of each year, a state agency that received an appropriation from the revenue bonds capitals II fund shall report to the legislative services agency and the department of management the status of all projects completed or in progress. The report shall include a description of the project, the work completed, the total estimated cost of the project, a list of all revenue sources being used to fund the project, the amount of funds expended, the amount of funds obligated, and the date the project was completed or an estimated completion date of the project, where applicable.
2010 Acts, ch 1184, §9, 13
Referred to in §12.87, 12.90
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 12 - TREASURER OF STATE › Section 12.89A - Revenue bonds federal subsidy holdback fund.

12.89A Revenue bonds federal subsidy holdback fund.
1. A revenue bonds federal subsidy holdback fund is created and established as a separate and distinct fund in the state treasury. The treasurer of state shall act as custodian of the fund and disburse moneys contained in the fund.
2. The moneys in such fund shall include all of the following:
a. The revenues required to be deposited in the fund pursuant to section 8.57, subsection 5, paragraph “e”, subparagraphs (1) and (2).
b. Interest attributable to investment moneys in the fund.
c. Any other moneys from any other sources which may be legally available to the treasurer of state for the purpose of the fund.
3. The moneys in the revenue bonds federal subsidy holdback fund are appropriated and shall be used or transferred to the revenue bonds debt service fund created in section 12.89, subsection 1, solely for the purpose of making payments of principal and interest on federal subsidy bonds when due, if the treasurer of state or the treasurer’s designee has not received a federal subsidy scheduled to be received for such payment by the due date.
4. The moneys on deposit in the revenue bonds federal subsidy holdback fund shall be used or transferred to the revenue bonds debt service fund created in section 12.89, subsection 1, solely for the purpose of making payments of principal and interest on federal subsidy bonds prior to any use or transfer of moneys on deposit in any bond reserve fund created for such federal subsidy bonds by the treasurer of state pursuant to section 12.89, subsection 3, paragraph “a”.
5. At any time during each fiscal year that there are moneys on deposit in the revenue bonds federal subsidy holdback fund that are not needed to pay principal and interest on federal subsidy bonds during such fiscal year as determined by the treasurer of state or the treasurer’s designee, such moneys on deposit in the revenue bonds federal subsidy holdback fund shall be credited to the rebuild Iowa infrastructure fund created in section 8.57.
6. For purposes of this section:
a. “Federal subsidy” means any payment from the federal government with respect to federal subsidy bonds.
b. “Federal subsidy bonds” means any bonds issued and sold pursuant to section 12.87 for which a federal subsidy is expected to be paid on or before any date on which interest on such bonds is due and payable.
2010 Acts, ch 1184, §81; 2011 Acts, ch 25, §7; 2012 Acts, ch 1021, §131; 2020 Acts, ch 1062, §3
Referred to in §8.57, 12.87, 12.89