Iowa Admin. Code r. 261-104.13

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 261-104.13 - Contract and reporting

(1)Notice of award. Successful applicants will be notified in writing of an award of assistance, including any conditions and terms of the approval.

(2)Contract required. The authority shall prepare a contract, which includes, but is not limited to, a description of the internship to be completed; conditions to disbursement; required reports; and the repayment requirements imposed in the event the business does not fulfill its obligations described in the contract and other specific repayment provisions ("clawback" provisions) to be established on an individual basis.

(3)Reporting. An applicant shall submit any information requested by the authority in sufficient detail to permit the authority to prepare the report pursuant to 2007 Iowa Acts, House File 829, section 10, and any other reports deemed necessary by the authority, the board, the general assembly or the governor's office.

(4)Contract amendments. The board does not need to approve a contract amendment. The director may approve contract amendments consistent with 2011 Iowa Acts, House File 590, section 9.

Iowa Admin. Code r. 261-104.13

ARC 8848B, lAB 6/16/10, effective 5/20/10; ARC 9063B, lAB 9/8/10, effective 10/13/10; ARC 9754B, lAB 9/21/11, effective 10/26/11