2025 Session
§ 471.41 — Auditing Accounts Not Itemized a Gross Misdemeanor
Plain-Language Summary
Cities may invest idle funds in certain approved securities and investments.
471.41 AUDITING ACCOUNTS NOT ITEMIZED A GROSS MISDEMEANOR.
Every member of such board who shall audit and allow any claim required to be itemized, without the same having been first duly itemized and verified, shall be guilty of a gross misdemeanor.
History:
History: History: (769) RL s 441
Practical Notes
City treasurers can invest surplus funds in government bonds, CDs, and other safe investments.