Shown verbatim: the complete text as captured from the official PDF posted by the Iowa General Assembly, fetched 2026-07-28. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
House File 2414 - Introduced HOUSE FILE 2414 BY SHIPLEY A BILL FOR An Act relating to the investment of public funds in precious 1 metals, oil, and natural gas. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 6017YH (1) 91 sc/ns H.F. 2414 Section 1. NEW SECTION . 12B.10D General fund investment 1 allocations. 2 The treasurer of state shall invest twenty percent of the 3 public moneys in the general fund of the state in gold, silver, 4 platinum, and palladium and shall invest ten percent in equity 5 interests in businesses engaged in the production of gold, 6 silver, platinum, palladium, oil, and natural gas. 7 EXPLANATION 8 The inclusion of this explanation does not constitute agreement with 9 the explanation’s substance by the members of the general assembly. 10 This bill requires the treasurer of state to invest 20 11 percent of the public moneys in the general fund of the state 12 in gold, silver, platinum, and palladium and 10 percent in 13 equity interests in businesses engaged in the production of 14 gold, silver, platinum, palladium, oil, and natural gas. 15 -1- LSB 6017YH (1) 91 sc/ns 1/ 1
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