1. Political subdivisions shall approve written investment policies which incorporate the guidelines specified in sections 12B.10, 12B.10A, this section, and section 12B.10C, and any other provisions deemed necessary to adequately safeguard invested public funds.

Terms Used In Iowa Code 12B.10B

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
  • public funds: means all funds that are public funds within the meaning of section 12C. See Iowa Code 12B.10A
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
 2. The written investment policy required by section 12B.10 shall be delivered to all of the following:

 a. The governing body or officer of the public entity to which the policy applies.
 b. All depository institutions or fiduciaries for public funds of the public entity.
 c. The auditor of the public entity.
 3. The following entities are not subject to this section:

 a. The public safety peace officers’ retirement system governed by chapter 97A.
 b. The Iowa public employees’ retirement system governed by chapter 97B.
 c. The Iowa finance authority governed by chapter 16.
 d. The state board of regents governed by chapter 262.
 e. A pension and annuity retirement system governed by chapter 294.
 f. The statewide fire and police retirement system governed by chapter 411.
 g. The judicial retirement system governed by chapter 602, article 9.
 h. The deferred compensation plan established by the executive council pursuant to section 509A.12.
 i. The tobacco settlement authority governed by chapter 12E.
 j. Municipal utility retirement systems governed under chapter 412.
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