509A.5 Fund under control of governing body — interest earnings of certain funds.
1. The fund for each plan shall be under the control and shall be expended under the directions of the governing body and shall be used solely for the purpose of administering and carrying out the provisions of the plan adopted by the governing body.
2. Any interest earnings from investments or time deposits of the funds under the control of the state executive council shall be deposited to the credit of these funds.
[C50, 54, 58, 62, §365A.5; C66, §509.19; C71, 73, 75, 77, 79, 81, §509A.5]
84 Acts, ch 1071, §1; 85 Acts, ch 266, §2; 2019 Acts, ch 24, §104
Referred to in §8A.454
Structure Iowa Code
Chapter 509A - GROUP INSURANCE FOR PUBLIC EMPLOYEES
Section 509A.1 - Authority of governing body.
Section 509A.2 - Sources of funds.
Section 509A.3 - Assessment of employees.
Section 509A.4 - Participation optional.
Section 509A.5 - Fund under control of governing body — interest earnings of certain funds.
Section 509A.6 - Contract with insurance carrier or health maintenance organization.
Section 509A.7 - Employee defined.
Section 509A.9 - Exemption from debts.
Section 509A.10 - Decisions of governing body final.
Section 509A.11 - Definitions.
Section 509A.12 - Deferred compensation program for governmental employees.
Section 509A.13 - Continuation of group insurance.
Section 509A.13A - Continuation of group insurance covering spouses.
Section 509A.13B - Coverage of children — continuation or reenrollment.
Section 509A.14 - Approval of self-insurance plans.
Section 509A.15 - Certification of self-insurance plans — exemption.