Iowa Admin. Code r. 11-48.4

Current through Register Vol. 47, No. 10, November 13, 2024

Rule 11-48.4 - Prior approval for prepayment of expenses

Any expense not specifically mentioned in rule 11-48.2 (8A) must have prior approval to be paid in advance of receiving the good or service. Prior approval will be allowed only under the following circumstances.

1. If prepayment is required in order for the state to receive the good or service.

2. If the department can document that the state will benefit through reduced rates equal to or greater than the current general fund earning rate of the state treasurer.

This rule is intended to implement Iowa Code section 8A.514.

Iowa Admin. Code r. 11-48.4

Amended by IAB October 10, 2018/Volume XLI, Number 8, effective 11/14/2018