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Bill > HSB252
IA HSB252
IA HSB252A bill for an act relating to eligibility requirements for financial institutions in which public funds may be deposited.(See HF 844.)
summary
Introduced
02/25/2025
02/25/2025
In Committee
02/25/2025
02/25/2025
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
This bill repeals Code section 12C.6A, which prohibits public funds from being deposited in a financial institution that does not demonstrate a commitment to serving the needs of the local community in which the institution is chartered to do business, requires the treasurer of state to create a list of financial institutions that are eligible to accept public funds, creates requirements for such financial institutions relating to public comments and annual submissions to the treasurer of state, and establishes a process for challenging an institution’s eligibility to receive public funds.
Committee Categories
Government Affairs
Sponsors (0)
No sponsors listed
Other Sponsors (1)
State Government (House)
Last Action
Committee report approving bill, renumbered as HF 844. (on 03/07/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HSB252 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/HSB252.html |
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