Iowa Admin. Code r. 261-119.4 - Application submittal and review process
(1) The authority will develop a standardized
application process and make information on applying available on the
authority's website . To apply for assistance under the program , an applicant
shall submit an application to the authority in the manner prescribed by the
authority . The authority will identify specific types of investments for which
it intends to provide financial assistance on the application form or
forms.
(2) Applications will be
accepted and processed by authority staff on a continuing basis, or the
authority may establish application periods as announced on the authority's
website . The authority may engage an outside technical review panel to complete
technical reviews of applications. Applications will be reviewed in the order
received by the authority .
(3) The
authority may refuse to accept incomplete applications or may refuse to accept
applications because of insufficient funds.
(4) The board , after considering the
recommendations made by authority staff or a technical review panel, will
determine the financial assistance award if the board determines that financial
assistance should be awarded. The board has final decision-making authority on
requests for financial assistance for the program . The board will take final
action on all applications for financial assistance , except those rejected
pursuant to subrule 119.4(3). The board may approve an award, decline to award,
or refer an application back to staff or a technical review panel for further
review and recommendation. The board will consider applications on a continuing
basis.
(5) An applicant may submit
multiple applications for the duration of the program . However, the maximum
amount of financial assistance awarded to any eligible business for all its
applications under the program shall not exceed $75,000.
(6) Applicants will be notified in writing of
an award of financial assistance , including any conditions and terms of the
award, or of a denial of an award of financial assistance .
Notes
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