Iowa Admin. Code r. 281-56.14 - Program requirements
(1) Clients of
the division or the department for the blind may apply for the
program.
(2) All of the following
conditions are also applicable:
a. The
division may limit or deny ISE assistance to an applicant who has previously
received educational or training equipment from the division through another
rehabilitation program when such equipment could be used in the applicant 's
proposed business.
b. Any equipment
purchased for the applicant under this program that is no longer used by the
applicant may be returned to the division , at the discretion of the
division .
c. An applicant must
demonstrate that the applicant has at least 51 percent ownership in a
for-profit business that is actively owned, operated, and managed in
Iowa.
d. Recommendation for and
approval of financial assistance are based upon acceptance of a business plan
feasibility study and documentation of the applicant 's ability to match
dollar-for-dollar the amount of funds requested.
e. To receive financial support from the ISE
program, the applicant 's business plan feasibility study must result in
self-sufficiency for the applicant as measured by earnings that equal or exceed
80 percent of substantial gainful activity.
f. The division cannot support the purchase
of real estate or improvements to real estate.
g. The division cannot provide funding to be
used as a cash infusion, for personal or business loan repayments, or for
personal or business credit card debt.
h. The division may deny ISE assistance to an
applicant who desires to start, expand, or acquire any of the following types
of businesses:
(1) A hobby or similar
activity that does not produce income at the level required for
self-sufficiency;
(2) A business
venture that is speculative in nature or considered high risk by the Better
Business Bureau or similar organization;
(3) A business registered with the federal
Internal Revenue Service as a Section 501(c)(3) entity or other entity set up
deliberately to be not for profit;
(4) A business that is not fully compliant
with all local, state, and federal zoning requirements and all other applicable
local, state, and federal requirements;
(5) A multitiered marketing
business.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.