HF2414 • 2026

A bill for an act relating to the investment of public funds in precious metals, oil, and natural gas.

Energy

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: SHIPLEY
Last action: 2026-02-11
Official status: Introduced, referred to State Government. H.J. 259 .
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

A bill for an act relating to the investment of public funds in precious metals, oil, and natural gas.

What This Bill Does

A bill for an act relating to the investment of public funds in precious metals, oil, and natural gas.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-02-11 Iowa Legislature
Introduced, referred to State Government. H.J. 259 .

Official Summary Text

A bill for an act relating to the investment of public funds in precious metals, oil, and natural gas.

Current Bill Text

Read the full stored bill text

House

File

2414

-

Introduced

HOUSE

FILE

2414

BY

SHIPLEY

A

BILL

FOR

An

Act

relating

to

the

investment

of

public

funds

in

precious

1

metals,

oil,

and

natural

gas.

2

BE

IT

ENACTED

BY

THE

GENERAL

ASSEMBLY

OF

THE

STATE

OF

IOWA:

3

TLSB

6017YH

(1)

91

sc/ns

H.F.

2414

Section

1.

NEW

SECTION

.

12B.10D

General

fund

investment

1

allocations.

2

The

treasurer

of

state

shall

invest

twenty

percent

of

the

3

public

moneys

in

the

general

fund

of

the

state

in

gold,

silver,

4

platinum,

and

palladium

and

shall

invest

ten

percent

in

equity

5

interests

in

businesses

engaged

in

the

production

of

gold,

6

silver,

platinum,

palladium,

oil,

and

natural

gas.

7

EXPLANATION

8

The

inclusion

of

this

explanation

does

not

constitute

agreement

with

9

the

explanation’s

substance

by

the

members

of

the

general

assembly.

10

This

bill

requires

the

treasurer

of

state

to

invest

20

11

percent

of

the

public

moneys

in

the

general

fund

of

the

state

12

in

gold,

silver,

platinum,

and

palladium

and

10

percent

in

13

equity

interests

in

businesses

engaged

in

the

production

of

14

gold,

silver,

platinum,

palladium,

oil,

and

natural

gas.

15

-1-

LSB

6017YH

(1)

91

sc/ns

1/

1