Iowa Admin. Code r. 265-8.2

Current through Register Vol. 47, No. 5, September 4, 2024

Rule 265-8.2 - Forms and applications

Information and forms necessary for compliance with provisions of the law are available upon request from the Iowa Finance Authority at the address set forth in rule 265-1.3 (16) or on the website at iowafinanceauthority.gov. The telephone number of the authority is (515)725-4900. The facsimile number of the authority is (515)725-4901.

(1) An issuer or beneficiary, or the duly authorized agent of an issuer or beneficiary, must make an application by filing the form, available from the governor's designee, entitled "Private Activity Volume Cap Application" for the allocation of a portion of the private activity bond state ceiling allocated pursuant to Iowa Code chapter 7C. Applications may be submitted electronically or via email or facsimile. An application for current year allocation or carryforward allocation may be submitted at any time.

(2) An application for allocation may be made only after the governing body of an issuer has adopted a resolution evidencing an intent to issue the bonds.

(3) An application must be accompanied by the application fee set forth in rule 265-8.10 (7C), and all required attachments to the application must be submitted before such application is considered for allocation under rule 265-8.5 (7C).

(4) An application for allocation for industries under Iowa Code section 7C.4A(5) is limited to $10 million per project per calendar year.

(5) The state ceiling allocated under Iowa Code sections 7C.4A(4), 7C.4A(5), 7C.4A(6) and 7C.4A(7) shall be allocated among all issuers as provided in rules 265-8.3 (7C) and 265-8.4 (7C).

This rule is intended to implement Iowa Code sections 7C.4, 7C.5 and 7C.6.

Iowa Admin. Code r. 265-8.2

Amended by IAB January 2, 2019/Volume XLI, Number 14, effective 2/6/2019