Bill > HF2414

This bill mandates that the treasurer of state allocate a portion of the state's general fund, which represents the state's primary operating account, for specific investments. Specifically, twenty percent of these public moneys must be invested in precious metals, namely gold, silver, platinum, and palladium. Additionally, ten percent of the public moneys must be invested in equity interests, which means owning shares or stakes, in businesses involved in the production of gold, silver, platinum, palladium, oil, and natural gas. This legislation aims to diversify the state's investments beyond traditional financial instruments.

Government Affairs

https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF2414