Iowa Admin. Code r. 261-216.5

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

Rule 261-216.5 - Threshold application requirements

To be considered for funding under the program, an application must meet the following threshold application requirements:

(1) There must be demonstrated local support for the proposed activity.

(2) The application must contain a detailed description of the project, outlining the sporting event(s) and the infrastructure expenses necessary to support it.

(3) The proposed project budget must be spent on infrastructure that actively and directly supports the sporting event(s).

(4) The application must contain detailed information and projections sufficient to enable the authority to accurately assess the economic impact of the sporting event(s) described in the application. Such information shall include the estimated number of spectators and estimated quality and quantity of advertising and media coverage the sporting event(s) will generate. If the applicant has previously held substantially similar events, the information shall include actual attendance figures from past events and a summary of the advertising and media coverage generated.

Iowa Admin. Code r. 261-216.5

Adopted by IAB November 2, 2022/Volume XLV, Number 9, effective 12/7/2022