Iowa Admin. Code r. 701-73.33

Current through Regsiter Vol. 46, No. 26, June 12, 2024

Rule 701-73.33 - Proration of claims

If the director determines that the amount of funding provided pursuant to Iowa Code section 42539. will be insufficient to pay all property tax credit and rent reimbursement claims filed, the director shall estimate the percentage at which the claims will be paid and shall prorate the payment of each property tax credit and rent reimbursement claim by the same estimated percentage. The county treasurer shall, pursuant to Iowa Code section 25B7., be required to extend to the claimant only that portion of the credit estimated by the department to be funded by the state appropriation.

This rule is intended to implement Iowa Code sections 25B7. and 42539..