Senate File 2155 H-8195 Amend Senate File 2155, as passed by the Senate, as follows: 1 1. By striking everything after the enacting clause and 2 inserting: 3 < Section 1. Section 12B.10A, subsection 1, paragraph c, 4 Code 2018, is amended to read as follows: 5 c. (1) Operating funds may only be invested in investments 6 which mature within three hundred ninety-seven days or less and 7 which are authorized by law for the investing public entity. 8 (2) Notwithstanding subparagraph (1), a political 9 subdivision which has or expects to accrue in the current 10 budget year an amount of public funds that exceeds operating 11 funds by at least thirty-three percent may invest amounts 12 exceeding thirty-three percent of operating funds in 13 certificates of deposit at federally insured depository 14 institutions approved pursuant to chapter 12C which mature 15 within sixty-three months or less provided that the political 16 subdivision invests an amount reasonably expected to be 17 expended during the current budget year or within fifteen 18 months of receipt in investments pursuant to subparagraph (1). > 19 2. By renumbering as necessary. 20 ______________________________ COMMITTEE ON STATE GOVERNMENT RIZER of Linn, Chairperson -1- SF2155.4210 (3) 87 ec/rn 1/ 1 #1. #2.