Iowa Code » Chapter 12 — TREASURER OF STATE
Iowa Code

Iowa Code § 12.25 (2026)

Legislative findings

✓ current as of July 2026
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The general assembly finds and declares that because of differences in the timing of the receipt of tax and other revenues and the expenditure of funds by the state, the state has been unable to remain timely on its obligations, including its payments of school aid; the untimely payment of state aid has created a hardship for schools by increasing their costs and hindering their ability to remain timely on their obligations; it would be advantageous to the state to be able to issue notes in anticipation of its tax and other revenues in order to coordinate its cash flow; and pending their use, the proceeds of notes issued in anticipation of tax and other revenues should be invested in order to pay the cost of issuing the notes and as a benefit to the state. It is the purpose of this section and section 12.26 to enable the state to make timely payments of its obligations, including its school aid payments, by securing funds through the issuance of notes in anticipation of the state’s tax and other revenues. 85 Acts, ch 34, §18

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Notes of Decisions
Cited in 3 cases (1 in the last 5 years), 1993–2024 · leading case: Stanley v. Fitzgerald, 580 N.W.2d 742 (Iowa 1998).
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Stanley v. Fitzgerald, 580 N.W.2d 742 (Iowa 1998). · cites it 13× “Iowa Code § 12.25 . The State does not receive revenues in an even flow throughout the year.”
Stanley v. Fitzgerald, 509 N.W.2d 454 (Iowa 1993). · cites it 3× “Iowa Code § 12.25 . Plaintiffs’ petition claims that the treasurer regularly issues TRANs in direct violation of these statutory provisions.”
In the Matter of the Judith C. Rolenc Revocable Trust (Iowa Ct. App. 2024). “Schmidt, Iowa Practice Series: Probate § 12.25 (West 2023) (“[T]rustees are subject to removal by court, and whether a trustee shall be removed and another appointed in his stead is largely within the court’s discretion, the test always being the best interest of the…”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.