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28j-18
28J.18 REVENUE BONDS ARE LAWFUL INVESTMENTS.
Port authority revenue bonds issued pursuant to this chapter are
lawful investments of banks, credit unions, trust companies, savings
and loan associations, deposit guaranty associations, insurance
companies, trustees, fiduciaries, trustees or other officers having
charge of the bond retirement funds or sinking funds of port
authorities and governmental agencies, and taxing districts of this
state, the pension and annuity retirement system, the Iowa public
employees' retirement system, the police and fire retirement systems
under chapters 410 and 411, a revolving fund of a governmental agency
of this state, and are acceptable as security for the deposit of
public funds under chapter 12C. Section History: Recent Form
2005 Acts, ch 150, §106
