IA SSB3180

Requires Iowa's three public universities (regents institutions) to invest at least 1% of their endowment assets in state-certified innovation funds by July 1, 2027.

The 1% allocation is calculated based on the average quarterly market value of endowment assets for the most recently completed fiscal year.

Institutions retain discretion over which innovation funds to invest in, investment timing, and commitment structure, provided investments comply with prudent investor standards.

The Board of Regents may grant one-year waivers if adequate innovation fund capacity is unavailable or market conditions would impair prudent investment; noncompliant institutions may face withholding of up to 0.5% of their appropriated funds.

Institutions must submit annual reports to the Board detailing total endowment assets, amounts invested in innovation funds, fund names, commitments, and expected or realized economic impact in Iowa.