Iowa Admin. Code r. 261-29.3

Current through Register Vol. 47, No. 6, September 18, 2024

Rule 261-29.3 - Program description

(1)Amount, form, and timing of assistance. The amount of assistance awarded will be determined by the authority based on the total amount of funds available to the authority for the program and based on the project details. The authority will establish a maximum grant award per application and a minimum grant award per application for each fiscal year in which funding is available. The authority will provide financial assistance in the form of a grant. Funds will be disbursed on a reimbursement basis for expenses incurred by the applicant after approval of an award by the director.

(2)Application.

a.Forms. All applications and other filings related to the program shall be on such forms and in accordance with such instructions as established by the authority. Information about the program, the application, and application instructions may be obtained by contacting the authority.

b.Application period. Each fiscal year during which funding is available, applications for financial assistance will only be accepted during the established application period, or periods, as identified by the authority on its website.

c.Frequency of application. An eligible applicant may only be named as the primary entity on one application per application period. However, an applicant who has applied as the primary entity for an application may also be named as a partner on additional applications.

d.Complete application required. An application shall not be considered submitted for review until the application is completed and all required supporting documentation and information are provided.

(3)Use of funds.

a. An applicant shall use funds only for reimbursement of the costs directly related to the project. The authority may require documentation or other information establishing the actual costs incurred for a project. Failure to use the funds for reimbursement of the costs directly related to a project shall be grounds for default under the agreement required pursuant to this chapter.

b. For purposes of this subrule, "costs directly related" does not include ineligible expenses such as international travel, domestic travel outside the state of Iowa, insurance, training or professional development courses, and any other expenses specified as ineligible in the agreement required pursuant to this chapter.

Iowa Admin. Code r. 261-29.3

Rescinded by IAB May 18, 2022/Volume XLIV, Number 23, effective 6/22/2022

Renumbered from 261-221.3 by IAB February 22, 2023/Volume XLV, Number 17, effective 3/29/2023