Iowa § 12I.4 - 12I.4 Program and administrative funds — investment and payment.
Full text of Iowa Iowa Code § 12I.4 — 12I.4 Program and administrative funds — investment and payment., with citation guidance and answers to common questions.
§ 12I.4. 12I.4 Program and administrative funds — investment and payment.
1. a. The treasurer of state shall segregate moneys received by the trust into two funds: the program fund and the administrative fund. b. All moneys paid by account owners or other persons on behalf of a designated beneficiary in connection with participation agreements shall be deposited as received into separate accounts for each designated beneficiary within the program fund. c. Contributions to the trust made on behalf of designated beneficiaries may only be made in the form of cash. d. An account owner or designated beneficiary is not permitted to provide investment direction regarding contributions or earnings held by the trust. 2. Moneys accrued by account owners in the program fund of the trust may be used for payments of qualified disability expenses. 3. Moneys in the account of a designated beneficiary shall not be claimed by the Iowa Medicaid program as authorized in section 529A(f) of the Internal Revenue Code unless such claim is required to maintain qualified ABLE program status under section 529A of the Internal Revenue Code. 4. The trust shall comply with Pub. L. No. 113-295, §103, regarding treatment of ABLE accounts under certain federal programs. 5. Moneys in the funds are not subject to section 8.33. Notwithstanding section 12C.7, interest or earnings on moneys in the funds shall be credited to the funds. 2015 Acts, ch 137, §79, 162, 163; 2021 Acts, ch 136, §6 Referred to in §12I.9 Wed Dec 10 21:59:30 2025 Iowa Code 2026, Section 12I.4 (13, 0)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 12I.4
What does Iowa Code § 12I.4 cover?
Section 12I.4 ("12I.4 Program and administrative funds — investment and payment.") is part of the Iowa Code, the codified statutory law of Iowa. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Iowa § 12I.4?
A common citation format is "Iowa Code § 12I.4" (Iowa). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Iowa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Iowa official source linked on this page or consult a licensed Iowa attorney.
How does Iowa § 12I.4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Iowa can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Iowa.