Iowa Code r. 877-17.23 - Special requirements for community college consortium projects
(1) The community
college shall submit Consortium Application for Assistance, available on the
260F data system, to the authority for project approval.
(2) The community college shall enter into a
training agreement with the consortium within 90 days of written notice of
application approval from the authority, using Consortium Training Agreement,
Form 260F-4A.
(3) All default
provisions specified in
261-7.30 (260F) shall apply to
consortium projects.
(4) In the
event of a default, a financial penalty will be assigned by the authority to
the consortium business or businesses identified by the community college as
being responsible for the default.
(5) Each business that participates in the
consortium shall complete a Final Performance Report, Form 260F-5, at the
completion of training as a condition of the loan's being forgiven.
Notes
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