Iowa Admin. Code r. 261-48.7
Current through Register Vol. 47, No. 6, September 18, 2024
Rule 261-48.7 - Annual program funding allocation, reallocation, and management of excess demand(1) Each year the authority will allocate to the program a portion of the maximum aggregate tax credit cap described in Iowa Code section 15.119.(2) If, during a fiscal year, the authority determines that program demand is less than the amount initially allocated, the authority may reallocate unused amounts to other programs under Iowa Code section 15.119.Iowa Admin. Code r. 261-48.7
Adopted by IAB December 24, 2014/Volume XXXVII, Number 13, effective 1/28/2015Amended by IAB August 12, 2020/Volume XLIII, Number 4, effective 9/16/2020