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12c-10
12C.10 INVESTMENT OF FUNDS CREATED BY ELECTION.
The governing council or board, who by law have control of any
fund created by direct vote of the people, may invest any portion of
the fund not currently needed, in investments authorized in section
12B.10. The treasurer of state may invest in any of the investments
authorized for the Iowa public employees' retirement system in
section 97B.7A except that investment in common stocks shall not be
permitted. Interest or earnings on such funds shall be credited as
provided in section 12C.7, subsection 2. Section History: Early Form
[C58, 62, 66, 71, 73, 75, 77, 79, 81, § 453.10] Section History: Recent Form
84 Acts, ch 1230, § 15
C93, § 12C.10
2001 Acts, ch 68, §4, 24
