Iowa § 279.29 Claims — investments

Iowa Statutes

§ 279.29 — Claims — investments

Iowa § 279.29

Title VIIEDUCATION, HISTORY, AND CULTURE

Ch. 279DIRECTORS — POWERS AND DUTIES

This text of Iowa § 279.29 (Claims — investments) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 279.29 (2026).

Text

1.The board shall audit and allow all just claims against the corporation, and no order shallbedrawnuponthetreasuryuntiltheclaimthereforhasbeenauditedandallowed. Inany district in which the board consists of five or more members, an audit made by one or more members of the board designated by the board or by a certified public accountant employed by the board, and certified to the board by such member or members of the board or by such accountant, shall satisfy the requirements of this section with respect to the audit of a claim.

2.Pending audit and allowance of claims under this section, the board shall invest moneys of the corporation to the extent practicable, and the board may provide for the joint investment of moneys with one or more school corporations pursuant to a joint investm

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1. The board shall audit and allow all just claims against the corporation, and no order
shallbedrawnuponthetreasuryuntiltheclaimthereforhasbeenauditedandallowed. Inany
district in which the board consists of five or more members, an audit made by one or more
members of the board designated by the board or by a certified public accountant employed
by the board, and certified to the board by such member or members of the board or by such
accountant, shall satisfy the requirements of this section with respect to the audit of a claim.
2. Pending audit and allowance of claims under this section, the board shall invest
moneys of the corporation to the extent practicable, and the board may provide for the joint
investment of moneys with one or more school corporations pursuant to a joint investment
agreement. All investments of funds shall be subject to sections 12B.10 and 12B.10A and
other applicable law.

Legislative History

[C51, §1146, 1149; R60, §2037, 2038; C73, §1732, 1733, 1738, 1813; C97, §2780; S13, §2780; C24, 27, 31, 35, 39, §4239; C46, 50, 54, 58, 62, 66, 71, 73, 75, §279.26; C77, 79, 81, §279.29]