Iowa Administrative Code
Agency 261 - Economic Development Authority
Part XII - Energy Division
Chapter 401 - Administration of Financial Assistance
Rule 261-401.7 - Forms of Assistance

(1) Types of assistance. Financial assistance from the fund may consist of, but is not limited to, loans, forgivable loans, grants, investments, loan guarantees, and such other forms of assistance the board deems appropriate and consistent with the needs of a given project.

(2) Eligible uses of funds. The eligible uses of the funds awarded by the board may be limited at the board's discretion. Generally, funds awarded by the board may not be used to fund the purchase of land or buildings, and no more than 10 percent of the funds awarded per application may be used for indirect costs.