Iowa Admin. Code r. 261-400.2 - Purpose, administrative information, and implementation
(1)
Purpose. In 2011 Iowa
Acts, House File 590, the general assembly repealed Iowa Code chapter 469 which
established the Iowa power fund , allowed for the provision of financial
assistance from the fund to certain energy projects, and provided for the
fund 's administration by the office of energy independence. With the repeal of
Iowa Code chapter 469, the general assembly transferred to the authority the
administration of all outstanding projects funded under the Iowa power fund and
the contracts entered into there under. The purpose of this part is to allow
the authority to administer and wind down the contracts entered into under the
power fund legislation before its repeal.
(2)
Administrative
information. The projects and contracts formerly administered by the
office of energy independence are now administered by the authority . The public
may obtain information about the Iowa power fund , the office of energy
independence, or the office's projects by contacting the Economic Development
Authority , 200 East Grand Avenue, Des Moines, Iowa 50309; telephone
(515)725-3000.
(3)
Implementation. This part is intended to implement 2011 Iowa
Code chapter 469 and 2011 Iowa Acts, House File 590, division III.
Notes
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