1. The board shall recommend to the general assembly that the general assembly place a substance in schedule III if the substance is not already included therein and the board finds that:

 a. The substance has a potential for abuse which is less than that of the substances listed in schedules I and II;
 b. The substance has currently accepted medical use in treatment in the United States; and
 c. Abuse of the substance may lead to moderate or low physical dependence or high psychological dependence.

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Terms Used In Iowa Code 124.207

 2. If the board finds that any substance included in schedule III does not meet these criteria, the board shall recommend that the general assembly place the substance in a different schedule or remove the substance from the list of controlled substances, as appropriate.