Iowa Administrative Code
Agency 261 - Economic Development Authority
Part VI - Administration Division
Chapter 165 - Allocation of Grow Iowa Values Fund
Rule 261-165.5 - Board Allocation of Other Moneys in Fund

Universal Citation: IA Admin Code 261-165.5

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

(1) Allocation for administrative and operations costs. In addition to the moneys appropriated to the fund for departmental purposes pursuant to Iowa Code section 15 G. 111 as amended by 2009 Iowa Acts, Senate File 344, section 2, the board may allocate other moneys credited to the fund pursuant to Iowa Code section 15G.111 as amended by 2009 Iowa Acts, Senate File 344, section 2, for department administrative and operations costs. The board may allocate a portion of the moneys accruing to the fund resulting from preexisting programs that were repealed by 2009 Iowa Acts, Senate File 344: CEBA, EVA, VAAPFAP, PIAP, and LCG. Funds may be allocated by the board in an amount necessary to fund administrative and operations costs of the department. This allocation is in addition to any allocations the board makes pursuant to subrule 165.4(1).

(2) Allocation of other moneys for fund purposes. The board may allocate for other allowable fund purposes a portion of the moneys accruing to the fund resulting from preexisting programs that were repealed by 2009 Iowa Acts, Senate File 344: CEBA, EVA, VAAPFAP, PIAP, and LCG. This allocation is in addition to any allocations the board makes pursuant to subrule 165.4(1).

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