Iowa Administrative Code
Agency 261 - Economic Development Authority
Part II - Workforce Development Coordination
Chapter 7 - Iowa Jobs Training Program
Rule 261-7.10 - Use of 260f Earned Interest

Universal Citation: IA Admin Code 261-7.10

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

(1) The community college is authorized to use interest earned on program funds to pay administrative costs incurred as a result of administering the program. Administrative costs include all costs incurred from the time the application process commences minus any costs covered by application fees paid by applicants.

(2) Earned interest which has not been spent by the end of any state fiscal year shall be refunded to the authority within ten days of the end of the state fiscal year. The community college may designate and carry forward specified interest funds, as permitted by these rules, for identified payments which will occur during the next state fiscal year.

Disclaimer: These regulations may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.