12.36 Actions by treasurer.
1. The treasurer of state shall accept or reject a linked investment loan package or any portion of the package based on the type or terms of the loan involved, the availability of state funds, or the compliance of the eligible borrower or eligible lending institution.
2. Upon acceptance of the linked investment loan package or any portion of the package, the treasurer of state shall deposit funds with the eligible lending institution and the eligible lending institution shall issue to the treasurer of state one or more certificates of deposit with interest at a rate determined pursuant to section 12.32, subsection 3. The treasurer of state shall not deposit funds with an eligible lending institution pursuant to sections 12.32, 12.34, 12.35, this section, and sections 12.37 through 12.43, unless the certificate of deposit earns a rate of interest of at least one percent. Interest earned on the certificate of deposit and principal not renewed shall be remitted to the treasurer of state at the time the certificate of deposit matures. Interest from the linked investments for tomorrow program shall be considered earnings of the general fund of the state. Certificates of deposit issued pursuant to sections 12.32, 12.34, 12.35, this section, and sections 12.37 through 12.43 are not subject to a penalty for early withdrawal.
86 Acts, ch 1096, §6; 89 Acts, ch 234, §6; 92 Acts, ch 1105, §1; 96 Acts, ch 1058, §5; 2001 Acts, ch 24, §4; 2006 Acts, ch 1165, §5
Referred to in §12.31, 12.32, 12.34, 12.35
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.