CHAPTER 12BSECURITY OF THE REVENUE
12B.1A
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County responsible to state. |
12B.4
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Loans by county treasurer. |
12B.5
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Loans by treasurer of state. |
12B.6
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Certain public funds of political subdivisions. |
12B.7
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Settlement by retiring treasurer. |
12B.8
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Supervisors to report to state auditor. |
12B.10
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Public funds investment standards. |
12B.10A
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Public investment maturity and procedural limitations. |
12B.10B
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Written investment policies. |
12B.10C
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Regulation of public funds custodial agreements. |
12B.11
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Manner and details of settlement. |
12B.12
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Duty of examining officer. |
12B.13
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Report of settlement filed. |
12B.14
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False statements or reports. |
As used in
this chapter, unless the context otherwise requires,
“book”,
“list”,
“record”, or
“schedule” kept by a county auditor, assessor, treasurer, recorder, sheriff, or other county officer means the county system as defined
in
section 445.1.
12B.1A County responsible to state.
Each county is responsible to the state for the full amount of tax levied for state purposes, excepting such amounts as are
certified to be unavailable, double, or erroneous assessments.
[R60, §793; C73, §908; C97, §1453; C24, 27, 31, 35, 39, §7398; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §452.1]
C93, §12B.1
C2001, §12B.1A
12B.2 Interest on warrants.
When interest is due and allowed by the treasurer of state on the redemption of state warrants, or by the county treasurer
on the redemption of county warrants, the same shall be receipted on the warrants by the holder, with the date of the payment,
and no interest shall be allowed by the department of administrative services or board of supervisors except such as is thus
receipted.
[R60, §795; C73, §910; C97, §1455; C24, 27, 31, 35, 39, §7400; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §452.2]
12B.3 Discounting warrants.
If the treasurer of state or any county treasurer, personally or through another, discounts the director of the department
of administrative services’ or auditor’s warrants, either directly or indirectly, the treasurer shall be guilty of a serious
misdemeanor.
[R60, §796; C73, §911; C97, §1456; C24, 27, 31, 35, 39, §7401; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §452.3]
12B.4 Loans by county treasurer.
A county treasurer shall be guilty of a serious misdemeanor for loaning out, or in any manner using for private purposes,
state, county, or other funds in the treasurer’s hands.
[R60, §797; C73, §912; C97, §1457; S13, §1457; C24, 27, 31, 35, 39, §7402; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §452.4]
12B.5 Loans by treasurer of state.
The treasurer of state shall be guilty of a serious misdemeanor for loaning out, or in any manner using for private purposes,
state, county, or other funds in the treasurer’s hands.
[R60, §797; C73, §912; C97, §1457; S13, §1457; C24, 27, 31, 35, 39, §7403; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §452.5]
12B.6 Certain public funds of political subdivisions.
All funds received, expended, or held by an association of elected county officers before, on, or after June 16, 2005, to
implement a state-authorized program, are subject to audit by the auditor of state at the request of the general assembly’s
standing committees on government oversight or the legislative council. All such funds received or held on and after July
1, 2005, shall be deposited in a fund in the office of the treasurer of state.
12B.7 Settlement by retiring treasurer.
When a county treasurer goes out of office, the treasurer shall make a full and complete settlement with the board of supervisors,
and deliver up all books, papers, moneys, and all other property pertaining to the office, to the treasurer’s successor, taking
a receipt therefor.
[R60, §802; C73, §917; C97, §1461; C24, 27, 31, 35, 39, §7409; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §452.7]
12B.8 Supervisors to report to state auditor.
The board of supervisors shall make a statement of state dues to the auditor of state, showing all charges against the treasurer
during the treasurer’s term of office, and all credits made, the delinquent taxes and other unfinished business charged over
to the treasurer’s successor, and the amount of money paid over to the treasurer’s successor, showing to what year and to
what account the amount so paid over belongs.
[R60, §802; C73, §917; C97, §1461; C24, 27, 31, 35, 39, §7410; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §452.8]
The board of supervisors shall also see that the books of the treasurer are correctly balanced before passing into the possession
and control of the treasurer-elect.
[R60, §802; C73, §917; C97, §1461; C24, 27, 31, 35, 39, §7411; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §452.9]
12B.10 Public funds investment standards.
1. a. In addition to investment standards and requirements otherwise provided by law, the investment of public funds by the treasurer
of state, state agencies authorized to invest funds, and political subdivisions of this state, shall comply with this section, except where otherwise provided by another statute specifically referring to this section. b. The treasurer of state and the treasurer of each political subdivision shall at all times keep funds coming into their possession
as public money in a vault or safe to be provided for that purpose or in one or more depositories approved pursuant to chapter 12C. However, the treasurer of state, state agencies authorized to invest public funds, and political subdivisions shall invest,
unless otherwise provided, any public funds not currently needed in investments authorized by this section.
2. The treasurer of state, state agencies authorized to invest funds, and political subdivisions of this state, when investing
or depositing public funds, shall exercise the care, skill, prudence, and diligence under the circumstances then prevailing
that a prudent person acting in a like capacity and familiar with such matters would use to attain the goals of this subsection. This standard requires that when making investment decisions, a public entity shall consider the role that the investment
or deposit plays within the portfolio of assets of the public entity and the goals of this subsection. The primary goals of investment prudence shall be based in the following order of priority: a. Safety of principal is the first priority.
b. Maintaining the necessary liquidity to match expected liabilities is the second priority.
c. Obtaining a reasonable return is the third priority.
3. a. Investments of public funds shall be made in accordance with written policies. A written investment policy shall address the
goals set out in subsection 2 and shall also address, but is not limited to, compliance with state law, diversification, maturity, quality, and capability
of investment management. b. The trading of securities in which any public funds are invested for the purpose of speculation and the realization of short-term
trading profits is prohibited.
c. Investments by a political subdivision must have maturities that are consistent with the needs and use of that political subdivision
or agency.
4. a. The treasurer of state and all other state agencies authorized to invest funds shall only purchase and invest in the following: (1) Obligations of the United States government, its agencies, and instrumentalities.
(2) Certificates of deposit and other evidences of deposit at federally insured depository institutions approved pursuant to chapter 12C.
(3) Prime bankers’ acceptances that mature within two hundred seventy days and that are eligible for purchase by a federal reserve
bank, provided that at the time of purchase no more than thirty percent of the investment portfolio of the treasurer of state
or any other state agency shall be in investments authorized by this subparagraph and that at the time of purchase no more
than five percent of the investment portfolio shall be invested in the securities of a single issuer.
(4) Commercial paper or other short-term corporate debt that matures within two hundred seventy days and that is rated within
the two highest classifications, as established by at least one of the standard rating services approved by the superintendent
of banking by rule adopted pursuant to chapter 17A, provided that at the time of purchase no more than five percent of all amounts invested in commercial paper and other short-term
corporate debt shall be invested in paper and debt rated in the second highest classification, and provided further that at
the time of purchase no more than thirty percent of the investment portfolio of the treasurer of state or any other state
agency shall be in investments authorized by this subparagraph and that at the time of purchase no more than five percent
of the investment portfolio shall be invested in the securities of a single issuer.
(5) Repurchase agreements whose underlying collateral consists of the investments set out in subparagraphs (1) through (4) if
the treasurer of state or state agency takes delivery of the collateral either directly or through an authorized custodian.
Repurchase agreements do not include reverse repurchase agreements.
(6) Investments authorized for the Iowa public employees’ retirement system in section 97B.7A, except that investment in common stocks is not permitted.
(7) An open-end management investment company organized in trust form registered with the federal securities and exchange commission
under the federal Investment Company Act of 1940, 15 U.S.C. §80a-1 et seq., and operated in accordance with 17 C.F.R. §270.2a-7.
(9) Obligations of the Iowa finance authority issued pursuant to chapter 16, bearing interest at market rates, provided that at the time of purchase the Iowa finance authority has an issuer credit
rating within the two highest classifications or the obligations to be purchased are rated within the two highest classifications,
as established by at least one of the standard rating services approved by the superintendent of banking by rule adopted pursuant
to chapter 17A. b. Futures and options contracts are not permissible investments.
5. a. Political subdivisions of this state, including entities organized pursuant to chapter 28E whose primary function is other than to jointly invest public funds, shall purchase and invest only in the following: (1) Obligations of the United States government, its agencies, and instrumentalities.
(2) Certificates of deposit and other evidences of deposit at federally insured depository institutions approved pursuant to chapter 12C.
(3) Prime bankers’ acceptances that mature within two hundred seventy days and that are eligible for purchase by a federal reserve
bank, provided that at the time of purchase no more than ten percent of the investment portfolio shall be in investments authorized
by this subparagraph and that at the time of purchase no more than five percent of the investment portfolio shall be invested
in the securities of a single issuer.
(4) Commercial paper or other short-term corporate debt that matures within two hundred seventy days and that is rated within
the two highest classifications, as established by at least one of the standard rating services approved by the superintendent
of banking by rule adopted pursuant to chapter 17A, provided that at the time of purchase no more than five percent of all amounts invested in commercial paper and other short-term
corporate debt shall be invested in paper and debt rated in the second highest classification, and provided further that at
the time of purchase no more than ten percent of the investment portfolio shall be in investments authorized by this subparagraph
and that at the time of purchase no more than five percent of the investment portfolio shall be invested in the securities
of a single issuer.
(5) Repurchase agreements whose underlying collateral consists of the investments set out in subparagraph (1) if the political
subdivision takes delivery of the collateral either directly or through an authorized custodian. Repurchase agreements do
not include reverse repurchase agreements.
(6) An open-end management investment company registered with the federal securities and exchange commission under the federal
Investment Company Act of 1940, 15 U.S.C. §80a-1, and operated in accordance with 17 C.F.R. §270.2a-7.
(7) (a) A joint investment trust organized pursuant to chapter 28E, provided that the joint investment trust shall be one of the following: (i) Rated within the two highest classifications by at least one of the standard rating services approved by the superintendent
of banking by rule adopted pursuant to chapter 17A and operated in accordance with either 17 C.F.R. §270.2a-7, or with the requirements of the governmental accounting standards board for external investment pools.
(ii) Registered with the federal securities and exchange commission under the federal Investment Company Act of 1940, 15 U.S.C. §80a-1, and operated in accordance with 17 C.F.R. §270.2a-7. (b) The manager or investment advisor of the joint investment trust shall be registered with the federal securities and exchange
commission under the Investment Advisor Act of 1940, 15 U.S.C. §80b-1.
(8) Warrants or improvement certificates of a levee or drainage district.
b. Futures and options contracts are not permissible investments.
6. The following investments are not subject to this section: a. Investments by the public safety peace officers’ retirement system governed by chapter 97A.
b. Investments by the Iowa public employees’ retirement system governed by chapter 97B.
c. Investments by the Iowa finance authority governed by chapter 16.
d. Investments by the state board of regents. However, investments by the state board of regents or institutions governed by
the state board of regents are limited to the following:
(2) The common fund for nonprofit organizations.
(3) Common stocks.
(4) For investments of short-term operating funds, the funds shall not be invested in investments having effective maturities
exceeding sixty-three months.
e. A pension and annuity retirement system governed by chapter 294.
f. Investments by the statewide fire and police retirement system governed by chapter 411.
h. Investments under the deferred compensation plan established by the executive council pursuant to section 509A.12.
i. Investments made by city hospitals as provided in section 392.6. However, investments by city hospitals are limited to the following: (1) The same types of investments as the treasurer of state and other state agencies may make under this section.
(2) Investment in common stocks.
j. Investments by the tobacco settlement authority governed by chapter 12E.
k. Investments by municipal utility retirement systems governed under chapter 412.
l. Investments in a qualified trust established pursuant to governmental accounting standards board statement number forty-three
that is governed by a board of trustees of a joint investment trust organized pursuant to chapter 28E and that is registered with the federal securities and exchange commission under the federal Investment Company Act of 1940, 15 U.S.C. §80a-1.
m. Investments by a student organization or club of moneys from an entrepreneurial education fund governed by section 298A.15.
n. Investments by the veterans trust fund established in section 35A.13.
7. Notwithstanding sections 12C.2, 12C.4, and 12C.6, and any other provision of law relating to the deposits of public funds, if public funds are deposited in a depository,
as defined in section 12C.1, any uninsured portion of the public funds invested through the depository may be invested in insured deposits or certificates
of deposit arranged by the depository that are placed in or issued by one or more federally insured banks or savings associations
regardless of location for the account of the public funds depositor if all of the following requirements are satisfied: a. The full amount of the principal and any accrued interest on such public funds or each such certificate of deposit issued
shall be covered by federal deposit insurance.
b. The depository, either directly or through an agent or subcustodian, shall act as custodian of the insured deposits or certificates
of deposit.
c. On the same day that the public funds deposits are placed or the certificates of deposit are issued, the depository shall
have received deposits in an amount eligible for federal deposit insurance from, and, with regard to certificates of deposit,
shall have issued certificates of deposit to, customers of other financial institutions wherever located that are equal to
or greater than the amount of public funds invested under this subsection by the public funds depositor through the depository.
[R60, §804; C73, §918; C97, §1462; S13, §1462; C24, 27, 31, 35, 39, §7412; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §452.10]
84 Acts, ch 1194, §1; 84 Acts, ch 1230, §4; 85 Acts, ch 194, §1; 87 Acts, ch 105, §3; 88 Acts, ch 1027, §1; 88 Acts, ch 1187, §1; 90 Acts, ch 1233, §30; 91 Acts, ch 249, §1; 92 Acts, ch 1156, §16
C93, §12B.10
94 Acts, ch 1012, §1; 96 Acts, ch 1187, §75; 97 Acts, ch 185, §1; 2000 Acts, ch 1156, §1; 2000 Acts, ch 1208, §20, 25; 2001 Acts, ch 68, §2, 24; 2001 Acts, ch 102, §1; 2003 Acts, ch 179, §91; 2006 Acts, ch 1023, §1 – 4; 2008 Acts, ch 1075, §1; 2011 Acts, ch 55, §1; 2012 Acts, ch 1051, §1; 2013 Acts, ch 71, §2, 4; 2014 Acts, ch 1092, §163; 2015 Acts, ch 30, §3, 4; 2016 Acts, ch 1032, §1; 2017 Acts, ch 29, §13; 2022 Acts, ch 1034, §1; 2025 Acts, ch 35, §1
Referred to in
§12B.10A, 12B.10B, 12B.14, 12C.1, 12C.7, 12C.9, 12C.10, 12C.22, 12C.23A, 28E.5, 161A.80A, 279.29, 331.555, 347.13, 357A.11, 384.21, 523I.507 12B.10A Public investment maturity and procedural limitations.
1. The investment of public funds which are operating funds by a political subdivision shall be subject to the following: a. As used in this section, “operating funds” means those funds which are reasonably expected to be expended during a current budget year or within fifteen months of receipt.
b. Operating funds must be identified and distinguished from all other funds available for investment.
c. (1) Operating funds may only be invested in investments which mature within three hundred ninety-seven days or less and which
are authorized by law for the investing public entity. (2) Notwithstanding subparagraph (1), a political subdivision which has or expects to accrue in the current budget year an amount
of public funds that exceeds operating funds by at least thirty-three percent may invest amounts exceeding thirty-three percent
of operating funds in certificates of deposit at federally insured depository institutions approved pursuant to chapter 12C which mature within sixty-three months or less provided that the political subdivision invests an amount reasonably expected
to be expended during the current budget year or within fifteen months of receipt in investments pursuant to subparagraph
(1).
2. All investments of public funds by political subdivisions shall be subject to the following: a. Each investment must be authorized by applicable law and the written investment policy of the political subdivision.
b. Each political subdivision whose investments involve the use of a public funds custodial agreement, as defined in section 12B.10C, shall comply with rules adopted pursuant to section 12B.10C relating to those investments. All contracts providing for the investment of public funds shall be in writing and shall contain
a provision requiring that all investments shall be made in accordance with the laws of this state.
c. A contract for the investment or deposit of public funds shall not provide for compensation of an agent or fiduciary based
upon investment performance.
3. A treasurer of a political subdivision may invest funds of the political subdivision or agency that are not operating funds
in investments having maturities longer than three hundred and ninety-seven days.
4. As used in this section, “public funds” means all funds that are public funds within the meaning of section 12C.1, subsection 2, paragraph “e”, except state funds invested by the treasurer of state.
6. 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. However, investments by the state board of regents or institutions governed by the state board
of regents are limited to the following:
(2) The common fund for nonprofit organizations.
(3) Common stocks.
(4) For investments of short-term operating funds, the funds shall not be invested in investments having effective maturities
exceeding sixty-three months.
e. A pension and annuity retirement system governed by chapter 294.
f. The statewide fire and police retirement system governed by chapter 411.
h. The deferred compensation plan established by the executive council pursuant to section 509A.12.
i. The tobacco settlement authority governed by chapter 12E.
7. A joint investment trust organized pursuant to chapter 28E whose primary function is to invest public funds shall report to the general assembly not later than January 1 of each year
the amount of any trust royalty, residual payment, administrative or service fee, or other fee paid by the trust, the services
performed for the fee, and the person receiving the fee.
92 Acts, ch 1156, §17; 96 Acts, ch 1187, §76; 97 Acts, ch 185, §2; 2000 Acts, ch 1208, §21, 25; 2003 Acts, ch 179, §92; 2018 Acts, ch 1114, §1
12B.10B Written investment policies.
1. Political subdivisions shall approve written investment policies which incorporate the guidelines specified in sections 12B.10, 12B.10A, this section, and section 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.
e. A pension and annuity retirement system governed by chapter 294.
f. The statewide fire and police retirement system governed by chapter 411.
h. The deferred compensation plan established by the executive council pursuant to section 509A.12.
i. The tobacco settlement authority governed by chapter 12E.
j. Municipal utility retirement systems governed under chapter 412.
92 Acts, ch 1156, §18; 96 Acts, ch 1187, §77; 97 Acts, ch 185, §3; 2000 Acts, ch 1208, §22, 25; 2001 Acts, ch 102, §2; 2010 Acts, ch 1061, §4
12B.10C Regulation of public funds custodial agreements.
1. The treasurer of state, in consultation with the attorney general, shall adopt rules under chapter 17A requiring the inclusion in public funds custodial agreements of any provisions necessary to prevent loss of public funds.
2. As used in this section, “public funds custodial agreement” means any contractual arrangement pursuant to which one or more persons, including but not limited to investment advisors,
investment companies, trustees, agents and custodians, are authorized to act as a custodian of or to designate another person
to act as a custodian of public funds or any security or document of ownership or title evidencing public funds investments
other than custodial agreements between an open-end management investment company registered with the federal securities and
exchange commission under the federal Investment Company Act of 1940, 15 U.S.C. §80a-1 and a custodian bank.
3. As used in this section“public funds” means public funds as defined in section 12C.1. However, this section does not apply to public funds that are invested under the provisions of a resolution or indenture for the issuance of bonds,
notes, certificates, warrants, or other evidences of indebtedness. To the extent that a provision of this section conflicts with federal law, it shall be construed to avoid the conflict.
4. 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. Investments by the Iowa finance authority governed by chapter 16.
d. A pension and annuity retirement system governed by chapter 294.
e. The statewide fire and police retirement system governed by chapter 411.
g. The deferred compensation plan established by the executive council pursuant to section 509A.12.
h. The tobacco settlement authority governed by chapter 12E.
i. Municipal utility retirement systems governed under chapter 412.
92 Acts, ch 1156, §19; 96 Acts, ch 1187, §78; 97 Acts, ch 185, §4; 2000 Acts, ch 1208, §23, 25; 2001 Acts, ch 102, §3; 2005 Acts, ch 179, §147; 2008 Acts, ch 1032, §201; 2015 Acts, ch 30, §5; 2022 Acts, ch 1034, §2
12B.11 Manner and details of settlement.
At the time of any examination of any such office, or at the time of any settlement with the treasurer in charge of any such
public funds, the treasurer is not required to produce and count in the presence of the officer or officers making such examination
or settlement, unless otherwise requested by the board of supervisors, all moneys or funds then on deposit in the safe or
vault in the treasurer’s office. The treasurer shall produce a statement of all money or funds on deposit with any depository
wherein the treasurer is authorized to deposit such funds, and shall correctly show the balance remaining on deposit in such
depository at the close of business on the day preceding the day of such settlement. The treasurer shall also file a statement
setting forth the numbers, dates, and amounts of all outstanding checks, or other items of difference, reconciling the balance
as shown by the treasurer’s books with those of the depositories. The state treasurer shall also file a statement showing
the numbers, dates, and amounts of all United States government bonds held as part of said public fund.
[R60, §804; C73, §918; C97, §1462; S13, §1462; C24, 27, 31, 35, 39, §7413; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §452.11]
12B.12 Duty of examining officer.
It shall be the duty of the officer or officers making a settlement described under
section 12B.11 to see that the amount of securities and money produced and counted, together with the amounts so certified by the legally
designated depositories, agrees with the balance with which such treasurer should be charged, and the officer shall make a
report in writing of any such settlement or examination, and attach thereto the certified statement of all such depositories.
[S13, §1462; C24, 27, 31, 35, 39, §7414; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §452.12]
12B.13 Report of settlement filed.
The report of any settlement under
section 12B.11 with the treasurer of state shall be filed in the office of the director of the department of management. The report of a
settlement under
section 12B.11 with a county treasurer shall be filed with the auditor of the county.
[S13, §1462; C24, 27, 31, 35, 39, §7415; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §452.13]
12B.14 False statements or reports.
Any officer or other person making a false statement or report or in any manner violating any of the provisions of
sections 12B.10 through 12B.13 shall be guilty of a fraudulent practice.
[S13, §1462-a; C24, 27, 31, 35, 39, §7416; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §452.14]
12B.15 Official delinquency.
If any auditor or treasurer or other officer shall neglect or refuse to perform any act or duty specifically required of the
officer, such officer shall be guilty of a simple misdemeanor, and the officer and the officer’s surety shall be liable on
the official bond for any fine imposed, and for the damages sustained by any person through such neglect or refusal.
[R60, §744, 749, 805; C73, §919; C97, §1463; C24, 27, 31, 35, 39, §7417; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §452.15]
12B.16 Refund to counties.
The director of the department of administrative services shall draw the warrant on the state treasury in favor of any county
in the state for the amount of any excess in any fund or tax due the state from said county, excepting the state taxes.
[C97, §1464; C24, 27, 31, 35, 39, §7418; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §452.16]
12B.17 Warrant for excess.
When it shall appear from the books in the department of administrative services that there is a balance due any county in
excess of any revenue due the state, except state taxes, the director of the department of administrative services shall draw
a warrant for such excess in favor of the county entitled thereto, and forward the same by mail, or otherwise, to the county
auditor of the county to which it belongs, and charge the amount so sent to such county.
[C97, §1465; C24, 27, 31, 35, 39, §7419; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §452.17]
12B.18 Delivery to treasurer.
The auditor to whom said warrant is sent shall immediately, upon receipt thereof, deliver it to the treasurer of the county,
and charge the amount thereof to the treasurer, and shall acknowledge the receipt of the amount to the director of the department
of administrative services.
[C97, §1466; C24, 27, 31, 35, 39, §7420; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §452.18]