Iowa Administrative Code
Agency 261 - Economic Development Authority
Part V - Innovation and Commercialization Activities
Chapter 110 - Stem Internship Program
Rule 261-110.13 - Contract and Reporting
Current through Register Vol. 47, No. 6, September 18, 2024
(1) Notice of award. Successful applicants will be notified in writing of an award of assistance, including any conditions and terms of the approval.
(2) Contract required. An employer receiving an award under the program shall execute a standard contract prepared by the authority. The contract may include, but is not limited to, a description of the internship to be completed, the conditions for disbursement, any required reports, the applicable events of default, the repayment requirements imposed in the event of default, and any other specific provisions that may be established from time to time on a case-by-case basis.
(3) Reporting. An employer receiving assistance under the program shall submit any information reasonably requested by the authority in sufficient detail to permit the authority to prepare any reports required by the authority, the board, the general assembly or the governor's office.
(4) Contract amendments and terminations. Contract amendments or termination may be approved by the director without board approval.
