Iowa HF844 repeals the eligibility requirements for financial institutions to accept public funds.
Iowa HF844 repeals the eligibility requirements for financial institutions to accept public funds. The bill removes the need for financial institutions to demonstrate a commitment to serving the local community. It also eliminates the requirement for the treasurer of state to create a list of eligible financial institutions and the process for challenging an institution’s eligibility. The changes take effect on July 1, 2025.
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