Iowa Administrative Code
Agency 261 - Economic Development Authority
Part V - Innovation and Commercialization Activities
Chapter 117 - Ssbci Demonstration Fund
Rule 261-117.5 - Leverage of Financial Assistance Required
Universal Citation: IA Admin Code 261-117.5
Current through Register Vol. 47, No. 6, September 18, 2024
In order to be eligible for financial assistance, an applicant must demonstrate the ability to secure one dollar of private moneys for every one dollar of financial assistance received from the authority. The board shall consider the amount of private moneys leveraged that is in excess of the minimum matching amount required by this rule and shall make awards of financial assistance to those projects that most efficiently leverage the amount of moneys available in the fund.
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