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.