Iowa Admin. Code r. 871-63.30 - Events of default
(1) A business
or apprenticeship sponsor fails to complete the training project within the
agreed period of time as specified in the training agreement. Such business or
apprenticeship sponsor shall be required to repay 20 percent of total project
funds expended by the community college and the business.
(2) A business or apprenticeship sponsor
fails to train the agreed number of employees as specified in the training
agreement. Such business or apprenticeship sponsor shall be required to repay a
proportionate amount of total project funds expended by the community college
and the business or apprenticeship sponsor. The proportion shall be based on
the number of employees not trained compared to the number of employees to have
been trained.
(3) If both 63.30(1)
and 63.30(2) occur, both penalties shall apply.
(4) A business or apprenticeship sponsor
fails to comply with any requirements contained in the training agreement. The
business or apprenticeship sponsor shall be sent written notice by the
community college which specifies the issue(s) of noncompliance and shall be
allowed 20 days from the date notice is sent to effect a cure. If noncompliance
is of such a nature that a cure cannot be reasonably accomplished within 20
days, the community college has the discretion to extend the period of cure to
a maximum of 60 days.
(5) A
business or apprenticeship sponsor ceases or announces the cessation of
operations at the project site prior to completion of the training
program.
(6) A business or
apprenticeship sponsor directly or indirectly makes any false or misleading
representations or warranties in the program application or training agreement,
reports, or any other documents which are provided to the community college or
the authority.
(7) A business or
apprenticeship sponsor acts in any manner contrary to, or fails to act in
accordance with, any provision of the training contract.
(8) A business takes corporate action to
effect any of the preceding conditions of default.
Notes
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