12C.4 LOCATION OF DEPOSITORIES.
Deposits by the treasurer of state shall be in depositories
located in this state; by a county officer or county public hospital
officer or merged area hospital officer, in depositories located in
the county or in an adjoining county within this state; by a memorial
hospital treasurer, in a depository located within this state which
shall be selected by the memorial hospital treasurer and approved by
the memorial hospital commission; by a city treasurer or other city
financial officer, in depositories located in the county in which the
city is located or in an adjoining county, but if there is no
depository in the county in which the city is located or in an
adjoining county then in any other depository located in this state
which shall be selected as a depository by the city council; by a
school treasurer or by a school secretary in a depository within this
state which shall be selected by the board of directors or the
trustees of the school district; by a township clerk in a depository
located within this state which shall be selected by the township
clerk and approved by the trustees of the township. However,
deposits may be made in depositories outside of Iowa for the purpose
of paying principal and interest on bonded indebtedness of any
municipality when the deposit is made not more than ten days before
the date the principal or interest becomes due. Further, the
treasurer of state may maintain an account or accounts outside the
state of Iowa for the purpose of providing custodial services for the
state and state retirement fund accounts. Deposits made for the
purpose of completing an electronic financial transaction pursuant to
section 8A.222 or 331.427 may be made in any depository located in
this state.
12C.4 LOCATION OF DEPOSITORIES.
Deposits by the treasurer of state shall be in depositories
located in this state; by a county officer or county public hospital
officer or merged area hospital officer, in depositories located in
the county or in an adjoining county within this state; by a memorial
hospital treasurer, in a depository located within this state which
shall be selected by the memorial hospital treasurer and approved by
the memorial hospital commission; by a city treasurer or other city
financial officer, in depositories located in the county in which the
city is located or in an adjoining county, but if there is no
depository in the county in which the city is located or in an
adjoining county then in any other depository located in this state
which shall be selected as a depository by the city council; by a
school treasurer or by a school secretary in a depository within this
state which shall be selected by the board of directors or the
trustees of the school district; by a township clerk in a depository
located within this state which shall be selected by the township
clerk and approved by the trustees of the township. However,
deposits may be made in depositories outside of Iowa for the purpose
of paying principal and interest on bonded indebtedness of any
municipality when the deposit is made not more than ten days before
the date the principal or interest becomes due. Further, the
treasurer of state may maintain an account or accounts outside the
state of Iowa for the purpose of providing custodial services for the
state and state retirement fund accounts. Deposits made for the
purpose of completing an electronic financial transaction pursuant to
section 8A.222 or 331.427 may be made in any depository located in
this state.
12C.4 LOCATION OF DEPOSITORIES.
Deposits by the treasurer of state shall be in depositories
located in this state; by a county officer or county public hospital
officer or merged area hospital officer, in depositories located in
the county or in an adjoining county within this state; by a memorial
hospital treasurer, in a depository located within this state which
shall be selected by the memorial hospital treasurer and approved by
the memorial hospital commission; by a city treasurer or other city
financial officer, in depositories located in the county in which the
city is located or in an adjoining county, but if there is no
depository in the county in which the city is located or in an
adjoining county then in any other depository located in this state
which shall be selected as a depository by the city council; by a
school treasurer or by a school secretary in a depository within this
state which shall be selected by the board of directors or the
trustees of the school district; by a township clerk in a depository
located within this state which shall be selected by the township
clerk and approved by the trustees of the township. However,
deposits may be made in depositories outside of Iowa for the purpose
of paying principal and interest on bonded indebtedness of any
municipality when the deposit is made not more than ten days before
the date the principal or interest becomes due. Further, the
treasurer of state may maintain an account or accounts outside the
state of Iowa for the purpose of providing custodial services for the
state and state retirement fund accounts. Deposits made for the
purpose of completing an electronic financial transaction pursuant to
section 8A.222 or 331.427 may be made in any depository located in
this state.
