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SF 2286 Iowa Senate · 2025-2026 Regular Session

A bill for an act relating to the investment of public funds, and making penalties applicable.

SF 2286 modifies Iowa's rules for investing public funds. It allows political subdivisions (like cities, counties, and school districts) to invest up to 25% of their public funds in joint investment trusts, provided they follow new requirements. Before investing, governing bodies must sign a written acknowledgment stating these funds are not insured by federal programs and carry investment risk. Violating these rules is a breach of fiduciary duty, potentially leading to criminal or civil penalties.
Bill status passed 3 of 5 stages cleared
Introduction
Feb 2026
Committee Review
Feb 2026
Senate Passage
Apr 2026
House Passage
Governor
Introduced Feb 11, 2026 Last action Apr 22, 2026
Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Reprinted · 3 edits
MINOR
The bill was reprinted to reflect amendments passed by the Senate, primarily adding a specific effective date of April 30, 2027, and introducing a 'good faith' exception that allows political subdivisions to temporarily exceed the 25% investment limit if they act quickly to restore compliance. The text was also consolidated into a single continuous document with updated page numbering and formatting.
Scope change
The bill's scope remains focused on public fund investments, but the applicability of the 25% limit now includes a temporary grace period for fluctuations in fund balances.
TIMELINE

Added a specific effective date of April 30, 2027, for the new investment trust regulations.

REQUIREMENT

Introduced a 'good faith' exception allowing political subdivisions to exceed the 25% investment limit if they restore compliance within 30 days due to fund fluctuations.

TECHNICAL

Consolidated the bill into a single continuous format with updated page numbers and removed redundant headers.

Floor votes · Senate Apr 8, 2026

How they voted

30–14
Passed · 5 other
Total votes 49
Apr 8, 2026
D Democratic15
4 Yea 9 Nay 2
60% Nay
R Republican34
26 Yea 5 Nay 3
76% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
11
Key actions
2
Committee
1
Amendments
2
Apr 22, 2026
Introduced
Amendment H-8396 filed.
lower
Apr 8, 2026
Upper · Passed
Passed Senate, yeas 32, nays 13.
upper
Apr 8, 2026
Introduced
Amendment S-5164 filed, adopted.
upper
Feb 11, 2026
Upper · Passed
Committee report, approving bill.
upper
Feb 11, 2026
Introduced
Introduced, placed on calendar.
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.