Iowa SF2286 modifies rules for public funds investment, allowing uninsured funds to be invested in certain credit unions and requiring.
Iowa SF2286 amends investment rules for public funds, allowing the uninsured portion of funds invested through a depository to be placed in insured deposits or certificates of deposit issued by certain credit unions. It mandates that political subdivisions execute a written acknowledgment regarding the insurance status and safety of these funds. The bill also removes corporate central credit unions from the list of entities with which a credit union receiving public funds may deposit securities.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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