Iowa § 257B.20 - 257B.20 Investment of permanent fund.
Full text of Iowa Iowa Code § 257B.20 — 257B.20 Investment of permanent fund., with citation guidance and answers to common questions.
§ 257B.20. 257B.20 Investment of permanent fund.
The permanent school fund which is, at any time, in the custody of the treasurer of state, shall be invested as follows: 1. In bonds or other evidences of indebtedness issued, assumed, or guaranteed by the United States of America, or by any agency or instrumentality thereof. 2. In bonds, or other evidences of indebtedness of the state of Iowa, or of any school district, county, township, city or other political subdivision of the state of Iowa which are issued pursuant to law. 3. In savings accounts or in time deposits in Iowa banks approved as depositories by the executive council. 4. In any investments authorized for the Iowa public employees’ retirement system in section 97B.7A, except that investment in common stocks shall not be permitted. [C39, §4487.1; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §302.20] C93, §257B.20 2001 Acts, ch 68, §16, 24 Thu Dec 11 19:21:23 2025 Iowa Code 2026, Section 257B.20 (18, 0)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 257B.20
What does Iowa Code § 257B.20 cover?
Section 257B.20 ("257B.20 Investment of permanent fund.") 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 § 257B.20?
A common citation format is "Iowa Code § 257B.20" (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 § 257B.20 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.