Iowa Administrative Code
Agency 261 - Economic Development Authority
Part XII - Energy Division
Chapter 400 - Rules Applicable to Part Xii
Rule 261-400.2 - Purpose, Administrative Information, and Implementation

(1) Purpose. In 2011 Iowa Acts, House File 590, the general assembly repealed Iowa Code chapter 469 which established the Iowa power fund, allowed for the provision of financial assistance from the fund to certain energy projects, and provided for the fund's administration by the office of energy independence. With the repeal of Iowa Code chapter 469, the general assembly transferred to the authority the administration of all outstanding projects funded under the Iowa power fund and the contracts entered into there under. The purpose of this part is to allow the authority to administer and wind down the contracts entered into under the power fund legislation before its repeal.

(2) Administrative information. The projects and contracts formerly administered by the office of energy independence are now administered by the authority. The public may obtain information about the Iowa power fund, the office of energy independence, or the office's projects by contacting the Economic Development Authority, 200 East Grand Avenue, Des Moines, Iowa 50309; telephone (515)725-3000.

(3) Implementation. This part is intended to implement 2011 Iowa Code chapter 469 and 2011 Iowa Acts, House File 590, division III.