Iowa SSB3180 mandates regents institutions to invest 1% of their endowment in certified innovation funds by July 1, 2027.

Iowa SSB3180 requires the University of Iowa, Iowa State University, and the University of Northern Iowa to invest at least 1% of their endowment in certified innovation funds by July 1, 2027. The bill allows institutions to choose which innovation funds to invest in, when to make investments, and how to structure commitments. Investments must comply with prudent investor standards and fiduciary obligations. The bill authorizes the state board of regents to grant a one-year waiver if innovation fund capacity is insufficient or market conditions impair prudent investment.

Iowa SSB3180 mandates regents institutions to invest 1% of their endowment in certified innovation funds by July 1, 2027.

Iowa SSB3180 requires the University of Iowa, Iowa State University, and the University of Northern Iowa to invest at least 1% of their endowment in certified innovation funds by July 1, 2027. The bill allows institutions to choose which innovation funds to invest in, when to make investments, and how to structure commitments. Investments must comply with prudent investor standards and fiduciary obligations. The bill authorizes the state board of regents to grant a one-year waiver if innovation fund capacity is insufficient or market conditions impair prudent investment.