Iowa Administrative Code
Agency 265 - Iowa Finance Authority
Chapter 8 - Private Activity Bond Allocation
Rule 265-8.2 - Forms and Applications

Universal Citation: IA Admin Code 265-8.2

Current through Register Vol. 47, No. 13, December 25, 2024

Information and forms necessary for compliance with provisions of the law are available upon request from the Iowa Finance Authority at the address set forth in rule 265-1.3 (16) or on the website at iowafinanceauthority.gov. The telephone number of the authority is (515)725-4900. The facsimile number of the authority is (515)725-4901.

(1) An issuer or beneficiary, or the duly authorized agent of an issuer or beneficiary, must make an application by filing the form, available from the governor's designee, entitled "Private Activity Volume Cap Application" for the allocation of a portion of the private activity bond state ceiling allocated pursuant to Iowa Code chapter 7C. Applications may be submitted electronically or via email or facsimile. An application for current year allocation or carryforward allocation may be submitted at any time.

(2) An application for allocation may be made only after the governing body of an issuer has adopted a resolution evidencing an intent to issue the bonds.

(3) An application must be accompanied by the application fee set forth in rule 265-8.10 (7C), and all required attachments to the application must be submitted before such application is considered for allocation under rule 265-8.5 (7C).

(4) An application for allocation for industries under Iowa Code section 7C.4A(5) is limited to $10 million per project per calendar year.

(5) The state ceiling allocated under Iowa Code sections 7C.4A(4), 7C.4A(5), 7C.4A(6) and 7C.4A(7) shall be allocated among all issuers as provided in rules 265-8.3 (7C) and 265-8.4 (7C).

This rule is intended to implement Iowa Code sections 7C.4, 7C.5 and 7C.6.

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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.