257B.20 Investment of permanent fund.
The permanent school fund which is, at any time, in the custody of the treasurer of state, shall be invested as follows:
1. In bonds or other evidences of indebtedness issued, assumed, or guaranteed by the United States of America, or by any agency or instrumentality thereof.
2. In bonds, or other evidences of indebtedness of the state of Iowa, or of any school district, county, township, city or other political subdivision of the state of Iowa which are issued pursuant to law.
3. In savings accounts or in time deposits in Iowa banks approved as depositories by the executive council.
4. In any investments authorized for the Iowa public employees’ retirement system in section 97B.7A, except that investment in common stocks shall not be permitted.
[C39, §4487.1; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.20]
C93, §257B.20
2001 Acts, ch 68, §16, 24
Structure Iowa Code
Title VII - EDUCATION AND CULTURAL AFFAIRS
Section 257B.1A - Permanent fund.
Section 257B.1B - Interest for Iowa schools fund — transfer of interest.
Section 257B.2 - Lands and escheats.
Section 257B.4 - Division and appraisement.
Section 257B.5 - Notice — sale.
Section 257B.6 - Sale without appraisement.
Section 257B.7 - Sale on credit — taxation — waste.
Section 257B.8 - Sale of lands bid in.
Section 257B.9 - Cash or collateral security.
Section 257B.10 - Uniform interest date.
Section 257B.11 - School fund accounts — audit of losses.
Section 257B.12 - Bonds to cover losses.
Section 257B.17 - Liability of county.
Section 257B.18 - Exemption of county.
Section 257B.20 - Investment of permanent fund.
Section 257B.28 - Statute of limitation.
Section 257B.30 - Release of mortgage.
Section 257B.31 - School fund account — settlement.
Section 257B.32 - Notice of default.
Section 257B.33 - Suit — attorney fee.
Section 257B.34 - Bid at execution sale.
Section 257B.35 - Sheriff’s deed to state.
Section 257B.36 - Resale by state.
Section 257B.37 - Proceeds on resale.
Section 257B.38 - Excess — loss borne by county.
Section 257B.39 - Report as to sales — interest.
Section 257B.40 - Interest charged to counties.
Section 257B.41 - Uncollected interest.