Iowa Administrative Code
Agency 781 - Treasurer of State
Chapter 13 - Deposit and Security of Public Funds in Banks
Rule 781-13.8 - Eligible Collateral Provisions

(1) Pledged collateral shall be one or more of those securities or other items of collateral specified in 781-13.2 (12C), definition of "eligible collateral," and shall be acceptable to the treasurer.

(2) The acceptance of a security or other items as collateral by the approved custodian does not prevent the treasurer from requiring substitution of such security or other items at a later time as a result of statutory amendment or other changes or circumstances which affect the valuation, marketability, liquidity, ownership, or perfectibility.