Iowa Admin. Code r. 261-406.5 - Eligible and ineligible projects
(1) A proposed project must meet the
following criteria to be eligible for a loan under this program :
a. The project shall be located in Iowa or be
for the primary use or benefit of Iowans. If any portion of the project is
located outside of Iowa, the applicant bears the burden of demonstrating that
the project as a whole will be for the primary use or benefit of
Iowans.
b. The project shall
develop energy infrastructure as defined in Iowa Code section
476.46A(3)
"a" as enacted by 2021 Iowa Acts, Senate File 619, section
33.
c. The borrower shall be the
owner, contract purchaser, lessee, or other interest holder of the real
property where the project is located.
(2) A project that generates energy for use
only at a borrower 's personal residence is not an eligible project .
Notes
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