Iowa Statutes
§ 412.4 — Payments and investments
Iowa § 412.4
This text of Iowa § 412.4 (Payments and 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 § 412.4 (2026).
Text
The council, board of waterworks trustees, or other board or commission, whichever is
authorized by law to manage and operate any such waterworks, or other municipally owned
and operated public utility, shall have the right and power to contract with any legal reserve
insurance company authorized to conduct its business in the state, or any bank located in
Iowa having trust powers for the investment of funds contributed to an annuity or pension
system, for the payment of the pensions or annuities provided in such pension or annuity
retirement system, and may pay the premiums or make the contribution of such contract
out of the fund provided in section 412.2. Funds shall be invested in accordance with the
investment policy for the retirement fund, as established by the governing body of the
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Legislative History
[C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §412.4]
Nearby Sections
5
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Bluebook (online)
Iowa § 412.4, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/412.4.