12C.2 - APPROVAL -- REQUIREMENTS. - Iowa Statutes

12C.2 APPROVAL -- REQUIREMENTS. The approval of a financial institution as a depository of public funds for a public body shall be by written resolution or order that shall be entered of record in the minutes of the approving board, and that shall distinctly name each depository approved, and specify the maximum amount that may be kept on deposit in each depository.          Section History: Early Form [C24, 27, § 139; C31, 35, § 7420-d2; C39, § 7420.02; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 453.2]          Section History: Recent Form 84 Acts, ch 1230, § 6 C93, § 12C.2 2002 Acts, ch 1096, §3, 17 Referred to in § 12B.10