Iowa HF2414 mandates the treasurer of state to allocate 20% of the general fund in precious metals and 10% in oil and natural gas production.
Iowa HF2414 directs the treasurer of state to invest 20% of the public moneys in the general fund in precious metals, specifically gold, silver, platinum, and palladium. Additionally, the bill mandates an investment of 10% in equity interests of businesses involved in the production of gold, silver, platinum, palladium, oil, and natural gas. This allocation aims to diversify the state's investment portfolio.
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