Iowa Admin. Code r. 199-32.6

Current through Regsiter Vol. 46, No. 26, June 12, 2024

Rule 199-32.6 - [Effective 7/17/2024] Approval of appraiser for municipal utilities

The procedures for requesting board approval of an appraiser are as follows:

(1)Making a request. To request board approval of an appraiser to appraise a city utility, the governing body of the city utility shall file a request in the board's electronic filing system. The request shall contain the following information:

a. The name of the city and of the utility;

b. The type of utility service provided by the utility;

c. The total number of customers served by the utility and the number of customers served by class, if applicable;

d. A general description of the assets owned by the utility; and

e. The name and contact information for the city or utility.

(2)Consideration of request. When a request for approval of an appraiser is received by the board, board staff reviews the request and provides the board with a recommendation or a list of appraisers for the board to consider approving. The board may delegate approval authority to the board chair.

(3)Notice of approved appraiser. Within 30 calendar days following the city's or city utility's filing to request board approval of an appraiser, the board shall notify the city and governing body of the city utility of an approved appraiser. If the city and governing body of the city utility are unable to agree to terms with an approved appraiser, the city and governing body of the city utility may file a letter with the board requesting approval of another appraiser and identifying the reasons they are requesting the board to approve another appraiser.

Iowa Admin. Code r. 199-32.6

Adopted by IAB June 12, 2024/Volume XLVI, Number 26, effective 7/17/2024