22.14 Public funds investment records in custody of third parties.
1. The records of investment transactions made by or on behalf of a public body are public records and are the property of the public body whether in the custody of the public body or in the custody of a fiduciary or other third party.
2. If such records of public investment transactions are in the custody of a fiduciary or other third party, the public body shall obtain from the fiduciary or other third party records requested pursuant to section 22.2.
3. If a fiduciary or other third party with custody of public investment transactions records fails to produce public records within a reasonable period of time as requested by the public body, the public body shall make no new investments with or through the fiduciary or other third party and shall not renew existing investments upon their maturity with or through the fiduciary or other third party. The fiduciary or other third party shall be liable for the penalties imposed under statute, common law, or contract due to the acts or omissions of the fiduciary or other third party.
92 Acts, ch 1156, §8; 2011 Acts, ch 106, §14, 17
Structure Iowa Code
Title I - STATE SOVEREIGNTY AND MANAGEMENT
Chapter 22 - EXAMINATION OF PUBLIC RECORDS (OPEN RECORDS)
Section 22.2 - Right to examine public records — exceptions.
Section 22.3 - Supervision — fees.
Section 22.3A - Access to data processing software.
Section 22.4 - Public records requests.
Section 22.5 - Enforcement of rights.
Section 22.7 - Confidential records.
Section 22.8 - Injunction to restrain examination.
Section 22.9 - Denial of federal funds — rules.
Section 22.10 - Civil enforcement.
Section 22.11 - Fair information practices.
Section 22.12 - Political subdivisions.
Section 22.13 - Settlements — government bodies.
Section 22.13A - Personnel settlement agreements — state employees — confidentiality — disclosure.
Section 22.14 - Public funds investment records in custody of third parties.
Section 22.15 - Personnel records — discipline — employee notification.