Each year at its annual meeting, the board shall designate by resolution the name and location of the Iowa located financial depository institution or institutions to serve as the official school district depository or depositories. The maximum deposit amount to be kept in the depository shall be stated in the resolution. The amount stated in the resolution must be for all depositories and include all of the school district's funds.
Legal Reference: Iowa Code 12C; 279.33 (2003).
Cross Reference: 210.1 Annual Meeting 206.4 Treasurer 704.1 Local-State-Federal-Miscellaneous Revenue
Approved Dec. 13, 2004
Reviewed October 9, 2023
Revised February 9, 2009