1. Political subdivisions shall approve written investment policies which incorporate the guidelines specified in section 12B.10, sections 12B.10A through 12B.10C, and any other provisions deemed necessary to adequately safeguard invested public funds.
2. The written investment policy required by section 12B.10 shall be delivered to all of the following:
a. The governing body or officer of the public entity to which the policy applies.
b. All depository institutions or fiduciaries for public funds of the public entity.
c. The auditor of the public entity.
3. The following entities are not subject to this section:
a. The public safety peace officers' retirement system governed by chapter 97A.
b. The Iowa public employees' retirement system governed by chapter 97B.
c. The Iowa finance authority governed by chapter 16.
d. The state board of regents governed by chapter 262.
e. A pension and annuity retirement system governed by chapter 294.
f. The statewide fire and police retirement system governed by chapter 411.
g. The judicial retirement system governed by chapter 602, article 9.
92 Acts, ch 1156, §18; 96 Acts, ch 1187, § 77
Referred to in § 12B.14, 28E.5, 331.303
Iowa General Assembly
Search: Iowa Code 1997
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