Iowa Code r. 877-19.6 - Determination of financial assistance grants
The authority will provide financial assistance in the form of training grants to eligible apprenticeship sponsors or lead apprenticeship sponsors. The maximum amount of financial assistance provided to an eligible apprenticeship sponsor or lead apprenticeship sponsor will be calculated in the following manner:
(1) By determining
the total amount of funding allocated for purposes of training grants for
apprenticeship programs as described in rule
261-12.4 (15,15B).
(2) By determining the total number of
apprentices trained during the most recent training year, as calculated on the
last day of the training year, in all apprenticeship programs conducted by all
applying apprenticeship sponsors or lead apprenticeship sponsors eligible to
apply for financial assistance under rule
261-12.5 (15,15B).
(3) By determining the total number of
apprentices trained during the training year, as calculated on the last day of
the training year, in each apprenticeship program conducted by each applying
apprenticeship sponsor or lead apprenticeship sponsor eligible to apply and
that applied for financial assistance under rule
261-12.5 (15,15B).
(4) By determining the proportion, stated as
a percentage, that each applying apprenticeship sponsor's or lead
apprenticeship sponsor's total calculated pursuant to subrule 12.6(3) bears to
all applying apprenticeship sponsors' or lead apprenticeship sponsors' total
calculated pursuant to subrule 12.6(2).
(5) By multiplying the percentage calculated
in subrule 12.6(4) by the amount determined in subrule 12.6(1).
Notes
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