Iowa HSB633 amends investment rules for public funds, allowing certain uninsured portions to be invested in insured deposits and modifying the list.

Iowa HSB633 modifies the investment rules for public funds, allowing the uninsured portion of public funds invested through a depository to be invested in insured deposits or certificates of deposit arranged by the depository. It also removes corporate central credit unions from the list of entities with which a credit union may deposit securities and adds securities broker-dealers registered with the Financial Industry Regulatory Authority.

Iowa HSB633 amends investment rules for public funds, allowing certain uninsured portions to be invested in insured deposits and modifying the list.

Iowa HSB633 modifies the investment rules for public funds, allowing the uninsured portion of public funds invested through a depository to be invested in insured deposits or certificates of deposit arranged by the depository. It also removes corporate central credit unions from the list of entities with which a credit union may deposit securities and adds securities broker-dealers registered with the Financial Industry Regulatory Authority.