As used in this chapter:
"Agency " or"state agency "
means a unit of state government, which can be an authority, board, commission,
council, department, examining board, or independent agency as defined in Iowa
Code section
7E.4,
and includes the office of an elective constitutional or statutory officer, the
general assembly and any office or unit under its administration, and the
judicial branch.
"Depository" means a financial institution
into which public funds are deposited under Iowa Code chapter 12C.
"Financial institution " means a corporation
or limited liability company engaged in the business of banking and organized
under the laws of this state, another state, or the United States, as well as a
savings bank organized under the laws of another state or the United States.
"Financial institution" also means a cooperative or a nonprofit association
incorporated under Iowa Code chapter 533 or the federal Credit Union Act and
that is ensured by the National Credit Union Administration and includes an
office of a credit union.
"Public funds " or"public deposits
" means the moneys of the state deposited by or on behalf of a state
agency. "Moneys of the state" includes moneys credited to a depository for the
purpose of completing an electronic financial transaction created by the
federal government, a business, a consumer, or any other public or private
entity, and a transaction created pursuant to 2013 Iowa Acts, Senate File 396,
section 23.
"Treasurer" means the treasurer of the state
of Iowa and members of staff carrying out duties delegated by the
treasurer.
