Iowa Administrative Code Agency 781 - Treasurer of State
Iowa Administrative Code – Agency 781: Treasurer of State
Overview:
Agency 781 of the Iowa Administrative Code outlines the rules and responsibilities of the Treasurer of State. This agency is responsible for managing the state’s money, overseeing investments, debt management, and administering programs such as unclaimed property and the Iowa 529 education savings plans.
Key Functions Covered Under Agency 781:
State Funds Management:
Custody, disbursement, and investment of state funds.
Oversight of banking relationships for state agencies.
Investments:
Management of state investment portfolios including the General Fund and other special purpose funds.
Adherence to statutory guidelines on safety, liquidity, and yield.
Unclaimed Property Program (Great Iowa Treasure Hunt):
Administration of the state’s unclaimed property law.
Safekeeping and return of unclaimed financial assets to rightful owners.
College Savings Iowa (529 Plan):
Administration of tax-advantaged savings plans for education.
Compliance with federal IRS 529 plan regulations.
Debt Management:
Management of state-issued bonds and other debt instruments.
Coordination with financial advisors and underwriters.
ABLE Accounts (IAble):
Oversight of savings programs for individuals with disabilities under the Achieving a Better Life Experience (ABLE) Act.
Administrative Rules:
Rules under this agency can typically be found in Iowa Administrative Code, Chapter 781 and are published by the Iowa Legislative Services Agency.
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