Iowa Admin. Code r. 261-406.7 - Application process
(1)
Application forms shall be available at iowagrants.gov.
(2) Applications will be accepted only during
the established application periods identified by the authority on its Internet
site at www.iowaeda.com.
(3) Authority staff will review applications
for completeness, eligibility, and whether the proposed project meets the
financial and technical requirements of the Iowa energy center . The authority
or board may engage outside reviewers to complete technical, financial, or
other reviews of applications beyond the expertise of the board and authority
staff.
(4) Authority staff will
recommend applications to the loan committee established by the board . The Iowa
energy center may request additional information from applicants to process
each loan application . The loan committee will review the applications and
staff recommendations and then make recommendations to the board . The board
will approve, defer, or deny applications for loans. Authority staff may
negotiate the amount, terms, and other conditions of each loan before an award
is approved.
(5) The board will
accept loan applications on a rolling basis. The board will make funding
decisions at least once each quarter.
Notes
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