12.32 Definitions.
As used in section 12.31, this section, and sections 12.34 through 12.43, unless the context otherwise requires:
1. “Eligible borrower” means any person who is qualified to participate in one of the programs in this section and sections 12.34 through 12.43. “Eligible borrower” does not include a person who has been determined to be delinquent in making child support payments or any other payments due the state.
2. “Eligible lending institution” means a financial institution that is empowered to make commercial loans and is eligible pursuant to chapter 12C to be a depository of state funds.
3. “Linked investment” means a certificate of deposit issued pursuant to this section and sections 12.34 through 12.43 to the treasurer of state by an eligible lending institution, at an interest rate not more than three percent below current market rate on the condition that the institution agrees to lend the value of the deposit, according to the investment agreement provided in section 12.35, to an eligible borrower at a rate not to exceed four percent above the rate paid on the certificate of deposit. The treasurer of state shall determine and make available the current market rate which shall be used each month.
86 Acts, ch 1096, §2; 89 Acts, ch 234, §2; 96 Acts, ch 1058, §1; 97 Acts, ch 195, §1, 2, 10; 99 Acts, ch 177, §1, 9; 2000 Acts, ch 1058, §4, 5; 2001 Acts, ch 24, §1; 2006 Acts, ch 1165, §2
Referred to in §12.31, 12.34, 12.35, 12.36, 466.8
Structure Iowa Code
Title I - STATE SOVEREIGNTY AND MANAGEMENT
Chapter 12 - TREASURER OF STATE
Section 12.1 - Office — accounts — reports.
Section 12.2 - Daily balance sheet.
Section 12.3 - Record and payment of warrants.
Section 12.6 - Report to and account with director of the department of administrative services.
Section 12.7 - Interest on bonds.
Section 12.9 - Employee classifications.
Section 12.10 - Deposits by state officers.
Section 12.14 - Statement itemized.
Section 12.15 - Director and treasurer to keep account.
Section 12.16 - Swampland indemnity.
Section 12.17 - Biennial report.
Section 12.19 - Six-months limit on checks.
Section 12.20 - Issuance of new check.
Section 12.21 - Accepting credit card payments.
Section 12.25 - Legislative findings.
Section 12.26 - Issuance of revenue anticipation notes.
Section 12.28 - Centralized financing for state agency purchase of real and personal property.
Section 12.30 - Coordination of bonding activities.
Section 12.33 - Public policy.
Section 12.34 - Linked investments — limitations — rules — maturity and renewal of certificates.
Section 12.35 - Agreement — loan applications.
Section 12.36 - Actions by treasurer.
Section 12.40 - Rural small business transfer linked investment loan program.
Section 12.41 - Horticultural and nontraditional crops linked investment loan program.
Section 12.43 - Small business linked investments program created — definitions.
Section 12.43A - Traditional livestock producer’s linked investment loan program.
Section 12.43B - Value-added agricultural linked investment loan program.
Section 12.44 - Iowa satisfaction and performance bond program.
Section 12.61 - State-sponsored credit card.
Section 12.65 - Healthy Iowans tobacco trust.
Section 12.71 - General and specific bonding powers — vision Iowa program — future repeal.
Section 12.72 - Vision Iowa fund and reserve funds.
Section 12.73 - Vision Iowa fund moneys — administrative costs.
Section 12.79 - FY 2009 prison bonding fund.
Section 12.80 - General and specific bonding powers — prison infrastructure.
Section 12.81 - General and specific bonding powers — school infrastructure program.
Section 12.82 - School infrastructure fund and reserve funds.
Section 12.83 - School infrastructure fund moneys — state fire marshal.
Section 12.87 - General and specific bonding powers — revenue bonds — Iowa jobs program.
Section 12.88 - Revenue bonds capitals fund.
Section 12.88A - Revenue bonds capitals II fund.
Section 12.89 - Revenue bonds debt service fund and bond reserve funds.
Section 12.89A - Revenue bonds federal subsidy holdback fund.
Section 12.90 - Pledges — construction.
Section 12.90A - Annual appropriation bonds.
Section 12.90B - Annual appropriation bonds debt service fund and reserve funds.
Section 12.90C - Appropriation bonds capitals fund.
Section 12.91 - Utilities board and consumer advocate building project — bond issue.