Iowa Administrative Code
Agency 261 - Economic Development Authority
Part XII - Energy Division
Chapter 406 - Energy Infrastructure Revolving Loan Program
Rule 261-406.1 - Definitions
"Affiliates" means any entity which directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with another entity or person. "Control" as used in this definition means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of an enterprise through ownership, by contract or otherwise. A voting interest of 10 percent or more creates a rebuttable presumption of control.
"Authority" means the economic development authority created in Iowa Code section 15.105.
"Board" means the governing board of the Iowa energy center established pursuant to Iowa Code section 15.120(2).
"Borrower" means an applicant for the program that is approved for a loan or forgivable loan.
"Energy infrastructure" means the same as defined in Iowa Code section 476.46A(3) "a" as enacted by 2021 Iowa Acts, Senate File 619, section 33.
"Iowa energy center" or"IEC" means the Iowa energy center created within the economic development authority pursuant to Iowa Code section 15.120.
"Loan" means an award of assistance with the requirement that the award be repaid with term, interest rate, and other conditions specified as part of the conditions of the award.
"Loan committee" means the committee of the board established to review loan applications pursuant to 261-paragraph 403.3(6)"b."
"Program" means the energy infrastructure revolving loan program administered pursuant to Iowa Code section 476.46A as enacted by 2021 Iowa Acts, Senate File 619, section 33, and this chapter.
"Project" means an activity or set of activities directly related to energy infrastructure, and proposed in an application by a borrower, that will result in the accomplishment of the goals of the program.
