Iowa Administrative Code
Agency 261 - Economic Development Authority
Part XII - Energy Division
Chapter 406 - Energy Infrastructure Revolving Loan Program
Rule 261-406.5 - Eligible and Ineligible Projects
Universal Citation: IA Admin Code 261-406.5
Current through Register Vol. 47, No. 6, September 18, 2024
(1) A proposed project must meet the following criteria to be eligible for a loan under this program:
a. The project shall be
located in Iowa or be for the primary use or benefit of Iowans. If any portion
of the project is located outside of Iowa, the applicant bears the burden of
demonstrating that the project as a whole will be for the primary use or
benefit of Iowans.
b. The project
shall develop energy infrastructure as defined in Iowa Code section
476.46A(3)
"a" as enacted by 2021 Iowa Acts, Senate File 619, section
33.
c. The borrower shall be the
owner, contract purchaser, lessee, or other interest holder of the real
property where the project is located.
(2) A project that generates energy for use only at a borrower's personal residence is not an eligible project.
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