Iowa Code § 499A.101

Current through bills signed by governor as of 5/17/2024
Section 499A.101 - Definitions

As used in this subchapter, unless the context otherwise requires:

1."Advisor" means a member of the association's advisory committee.
2."Association" means a sweat equity housing cooperative association created pursuant to this subchapter.
3."Authority" means a local housing authority created pursuant to section 499A.102.
4."Low income" means the income of "very low income families" as defined in section 16.1.
5."Partner" means a low-income sweat equity member of the association, and member of the sweat equity partners' committee.
6."Sweat equity" means any contribution made by a partner to the operations of the association, including but not limited to physical labor.

Iowa Code § 499A.101

90 Acts, ch 1120, §1