LAWS OF THE 2001 REGULAR SESSION
OF THE SEVENTY-NINTH
GENERAL ASSEMBLY OF THE STATE OF IOWA

CHAPTER 76

CREDIT UNION DIVISION EMPLOYEE COMPENSATION

S.F. 384   Bill History

AN ACT relating to pay plans for certain employees of the credit union division of the department of commerce.

Be It Enacted by the General Assembly of the State of Iowa:

Section 1. Section 533.55, subsection 2, Code 2001, is amended to read as follows:

2. The superintendent may employ special appoint assistants, examiners, and other employees as the superintendent deems necessary to carry out this chapter the proper discharge of duties imposed upon the superintendent by the laws of this state. The superintendent, subject to approval by the board, shall establish salaries for the persons employed. Pay plans shall be established for employees, other than clerical employees, who examine the accounts and affairs of credit unions and who examine the accounts and affairs of other persons, subject to supervision and regulation by the superintendent, that are substantially equivalent to those paid by the national credit union administration and other federal supervisory agencies in this area of the United States.

Approved April 25, 2001



Updated: 25-Oct-2001 06:16 PM
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