The authority will disburse funds for an investment only
after a complete application has been received, an award has been approved by
the board, a contract has been executed between the applicant and the
authority, and all applicable conditions for disbursement have been met,
including the submission of documentation pertaining to the eligible
expenditures. Disbursement of funds under the contract will be on a
reimbursement basis for expenses incurred by the applicant after the date of
application and as provided under the contract. Expenditures for labor
performed by a business's employees are not eligible for reimbursement.
Notes
Iowa Admin.
Code r. 261-119.7
Adopted by
IAB
October 6, 2021/Volume XLIV, Number 7, effective
9/17/2021
Adopted by
IAB
December 11, 2024/Volume XLVII, Number 11, effective
1/15/2025
