Iowa Administrative Code
Agency 261 - Economic Development Authority
Part II - Workforce Development Coordination
Chapter 7 - Iowa Jobs Training Program
Rule 261-7.4 - Program Funding

Universal Citation: IA Admin Code 261-7.4

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

(1) Program funds consist of any moneys allocated by the authority and the board for the purpose of this program, all repayments of loans or other awards or recaptures of awards, and earned interest, including interest earned on program funds held by the community colleges.

(2) A community college 260F account is established in the authority. The allocation of funds in this account, to the community colleges, shall be determined using the distribution formula established in Iowa Code section 260C18C..

(3) Any unexpended or uncommitted funds remaining in the community college 260F account on May 1 of the fiscal year shall revert to a general account to be available on a first-come, first-served basis, based on the date an application is received by the authority.

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