222.87 - DEPOSIT IN BANK. - Iowa Statutes

222.87 DEPOSIT IN BANK. The business manager shall deposit the patients' personal deposit fund in a commercial account of a bank of reputable standing. When deposits in the commercial account exceed average monthly withdrawals, the business manager may deposit the excess at interest. The savings account shall be in the name of the patients' personal deposit fund and interest paid thereon may be used for recreational purposes for the patients at the resource center or special unit.          Section History: Early Form [C66, 71, 73, 75, 77, 79, 81, § 222.87]          Section History: Recent Form 2000 Acts, ch 1112, §51