509A.5 Fund under control of governing body — interest earnings of certain funds. 1. The fund for each plan shall be under the control and shall be expended under the directions of the governing body and shall be used solely for the purpose of administeringand carrying out the provisions of the plan adopted by the governing body. 2. Any interest earnings from investments or time deposits of the funds under the control of the state executive council shall be deposited to the credit of these funds. [C50, 54, 58, 62, §365A.5; C66, §509.19; C71, 73, 75, 77, 79, 81, §509A.5]84 Acts, ch 1071, §1; 85 Acts, ch 266, §2; 2019 Acts, ch 24, §104Referred to in §8A.454 Sat Dec 23 00:41:52 2023 Iowa Code 2024, Section 509A.5 (20, 0)
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