Iowa Code section 8.7 requires the reporting of gifts and bequests received by an agency or accepted by the Governor on behalf of the state. This does not apply to a Regents University. This law became effective July 1, 2005 (2005 Iowa Acts, Chapter 173, Sec. 27), and was amended effective July 1, 2008 (2008 Iowa Acts, CH 1191, section 25).

View Board Advisory Opinions interpreting this section

8.7     REPORTING OF GIFTS AND BEQUESTS RECEIVED

All gifts and bequests received by a department or accepted by the governor on behalf of the state shall be reported to the Iowa ethics and campaign disclosure board and the government oversight committee. The ethics and campaign disclosure board shall, by January 31 of each year, submit to the fiscal services division of the legislative services agency a written report listing all gifts and bequests received during the previous calendar year with a value of over one thousand dollars and the purpose for each such gift or bequest. The submission shall also include a listing of all gifts and bequests, received by a department from a person if the cumulative value of all gifts and bequests received by the department during previous calendar year exceeds one thousand dollars, and the ethics and campaign disclosure board shall include, if available, the purpose for each such gift or bequest. However, the reports on gifts or bequests filed by the state board of regents pursuant to section 8.44 shall be deemed sufficient to comply with the requirements of this section.

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* The information on this page is provided by the Board's staff for guidance and does NOT take the place of the official Code of Iowa. Please view the Code of Iowa and appropriate Supplements and Acts for the official laws.