Iowa Administrative Code
Agency 261 - Economic Development Authority
Part III - Community Development Division
Chapter 36 - Downtown Loan Guarantee Program
Rule 261-36.7 - Agreement
Universal Citation: IA Admin Code 261-36.7
Current through Register Vol. 47, No. 6, September 18, 2024
Upon approval of an award, authority staff shall prepare an agreement between the authority, the lender, and the borrower. The agreement, at a minimum, shall include the conditions of the award, including the applicable annual fee to be paid by the lender pursuant to rule 261-36.6 (15), the responsibilities of each party, and the potential actions in instances of noncompliance.
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