Iowa Admin. Code r. 261-401.10

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

Rule 261-401.10 - Contents of full application

A full application to request assistance from the fund shall include, but not be limited to, the following:

(1) Documentation that the applicant meets the eligibility criteria stated in rules 261-01.5 (84GA,HF590) and 261-4016. (84GA,HF590).

(2) A description that explains how the applicant's project will promote one or more of the goals of the fund as set forth in rule 261-4011. (84GA,HF590).

(3) A description of the proposed project, including all sources and uses of funding, the amount and type of funding requested, and an identification of the community or location for the project.

(4) Information regarding benefits to the state of Iowa from the proposed project in terms of the state's return on investment in the project. A recipient of power fund moneys shall provide to the board on a periodic basis as determined by the board a report on the use and effectiveness of the moneys granted or loaned.

(5) A business plan, schedule of work, or equivalent that describes the applicant's current operations and future plans.

(6) If applicable, a description of the applicant's violations of law in the preceding five years including, but not limited to, worker safety statutes, rules, and regulations. The description must include violations of any federal or state environmental protection statute, regulation, or rule within the previous five years. If the violations seriously affected the public health or safety, or the environment, the applicant shall provide an explanation of any mitigating circumstances and corrective action taken to achieve compliance. If requested by the authority, the applicant shall provide copies of materials documenting the type of violation, any fees or penalties assessed, court filings, final disposition of any findings, and other information that would assist the authority or the board in understanding the nature of the violation.

(7) A certification by the applicant that the information provided in the application is true and accurate to the best of the applicant's knowledge.

(8) A release of information to permit the authority and the board, and their respective attorneys and agents, to reasonably evaluate the application.

(9) Financial information to the extent requested by the board, including, if applicable, information about the applicant's owners, investors, and business structure.

Iowa Admin. Code r. 261-401.10

ARC 9851B, lAB 11/16/11, effective 10/26/11