Iowa Admin. Code r. 761-920.6 - Processing
(1)
Review. The department shall review the proposed
projects.
(2)
Program. Based on available funds and the project priorities
established by the transit systems, the department shall prepare a set of
funding recommendations.
(3)
Approval and agreement. Upon approval of the projects by the
transportation commission, the department shall prepare a joint participation
agreement and send it to each public transit system for execution.
(4)
Advance payment allowed.
Each transit system with a signed joint participation agreement may be paid
formula assistance monthly, in advance of project expenditures, if all of the
following conditions are met:
a. The transit
system included in its application a request for advance allocations as set
forth in Iowa Code section
324A.6.
b. The transit system is current on all
reporting required by the department.
c. The transit system is current on all
scheduled repayments under loan contracts from the department.
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.