Iowa Administrative Code
Agency 261 - Economic Development Authority
Part XII - Energy Division
Chapter 406 - Energy Infrastructure Revolving Loan Program
Rule 261-406.7 - Application Process

Universal Citation: IA Admin Code 261-406.7

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

(1) Application forms shall be available at iowagrants.gov.

(2) Applications will be accepted only during the established application periods identified by the authority on its Internet site at www.iowaeda.com.

(3) Authority staff will review applications for completeness, eligibility, and whether the proposed project meets the financial and technical requirements of the Iowa energy center. The authority or board may engage outside reviewers to complete technical, financial, or other reviews of applications beyond the expertise of the board and authority staff.

(4) Authority staff will recommend applications to the loan committee established by the board. The Iowa energy center may request additional information from applicants to process each loan application. The loan committee will review the applications and staff recommendations and then make recommendations to the board. The board will approve, defer, or deny applications for loans. Authority staff may negotiate the amount, terms, and other conditions of each loan before an award is approved.

(5) The board will accept loan applications on a rolling basis. The board will make funding decisions at least once each quarter.

Disclaimer: These regulations may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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