Iowa Administrative Code

principal, or any combination thereof, may be awarded or may be carried over to the next year’s cycle of loans at the discretion of the authority. The authority occasionally will take such applications and will analyze and award loans to applicants on an ongoing basis. [ARC 0115D…

under this program based on the following program guidelines after receiving approval of a service plan to benefit the Medicaid waiver-eligible individuals who reside in the project. The service provider may apply for the loan fund; however, the service provider does not have to …

potential project and will make recommendations for funding assistance to the authority board of directors. Authority staff will use such procedures and processes in its underwriting and analysis as it deems necessary and appropriate in connection with furthering the purposes of …

discretion to award or not to award assistance and to approve final loan terms. [ARC 0115D, IAB 3/4/26, effective 4/8/26]

with any time frames set by the authority and to the complete satisfaction of the authority, all in the sole discretion of the authority, the authority may determine to cease work on an approved project and, accordingly, not advance any funds for such project. [ARC 0115D, IAB 3/4…

“Agricultural assets” means the same as defined in Iowa Code section 16.58. “Agricultural development board” or “IAD board” means the agricultural development board created in Iowa Code section 16.2C. “Agricultural improvement” means the same as defined in Iowa Code section 16.58…

44.2(1) Pursuant to Iowa Code section 16.58(9), the authority will establish the maximum allowable net worth for each calendar year. The maximum allowable net worth shall be increased or decreased from the previous year by an amount equal to the percentage increase or decrease (S…

farmer shall be provided only if the criteria in Iowa Code section 16.75(3) are satisfied. In the loan application, the beginning farmer must demonstrate to the satisfaction of the authority that the beginning farmer has or will have access to adequate working capital, farm equip…

44.4(1) Individual agricultural development bond program description. This program is intended to allow BFLP beginning farmers to obtain lower interest rate loans for qualified purposes by obtaining loan funds from the proceeds of a tax-exempt bond issued by the authority and pur…

44.5(1) Program summary. The loan participation program is intended to assist lenders and beginning farmers by purchasing a portion of a loan made by a lender to a beginning farmer for the purchase of agricultural property. a. Supplement to beginning farmer’s down payment. The LP…

1. A $100 application fee, due at the time an application is submitted to the authority. 2. A fee equal to 1.5 percent of the amount of a loan, due at the time of loan closing. [ARC 0177D, IAB 4/1/26, effective 5/6/26]

44.7(1) Eligibility. a. Eligible taxpayer. Only eligible taxpayers that own agricultural assets included in an agricultural lease agreement are eligible for a tax credit. Pursuant to 701—subrules 302.87(3) and 302.88(3), an eligible taxpayer that elects to exclude all qualifying …

to this chapter, the authority will determine whether an applicant has a record of violations of the law that over a period of time tends to show a consistent pattern or that establishes intentional, criminal, or reckless conduct in violation of such laws. An applicant that has s…

6, 2026. [ARC 0177D, IAB 4/1/26, effective 5/6/26] These rules are intended to implement Iowa Code sections 16.4A, 16.4B, and 16.5D and chapter 16, subchapter VIII. [Filed Emergency ARC 1112C, IAB 10/16/13, effective 9/26/13] [Filed ARC 1400C (Notice ARC 1113C, IAB 10/16/13), IAB…

[ARC 0178D, IAB 4/1/26, effective 5/6/26]

“Authority” means the Iowa finance authority. “Borrower” means one or more individuals borrowing or seeking to borrow money for the purchase of a manufactured home sited on leased land. “Financial institution” means a financial institution as defined in Iowa Code section 12C.1 th…

45.3(1) Authorized transfers. Authorized transfers to the fund are made pursuant to Iowa Code section 16.45(2)“a” and 16.45(2)“b.” 45.3(2) Recapture and repayments—nonreversion. Recapture of awards and other repayments to the fund are made pursuant to Iowa Code section 16.45(2)“c…

financing for the purchase of eligible manufactured homes to be sited on leased land located in the state of Iowa. By providing capital at a low interest rate in the form of linked deposits to financial institutions and lenders, the program is intended to enable financial institu…

45.5(1) Lender participation agreement. Linked deposits are made pursuant to a lender participation agreement to be created by the authority. If the mortgage loan is to be made by a financial institution, the lender participation agreement is between the authority and the financi…

45.6(1) Once a financial institution or lender has received a completed loan application from a borrower, the financial institution or lender is to notify the authority via a linked deposit reservation request. The reservation request is on a form created and periodically updated…

more than 50 percent of the moneys in or available to the fund with any one financial institution pursuant to the program; provided, however, that after the first six months of such fiscal year, the authority may make a linked deposit with any participating financial institution …

funds into a linked deposit account is subject to the availability of moneys either in the fund or transferrable to the fund from the sources set forth in Iowa Code section 16.45 under the limitations set forth in that section. [ARC 0178D, IAB 4/1/26, effective 5/6/26] These rule…

“Authority” means the Iowa finance authority created in Iowa Code section 16.1A. “Cost” means the same as defined in Iowa Code section 16.151. “Financial assistance” means assistance provided by the authority in the form of grants, loans, or forgivable loans. “Municipality” means…

46.2(1) Annual applications. The authority will accept applications for financial assistance annually. 46.2(2) Plan requirements. Each application must include a plan that meets the criteria of Iowa Code section 16.154(1). 46.2(3) Review. The authority’s review of applications fo…

46.3(1) The authority will notify successful applicants in writing of an approved application for financial assistance. The terms of the financial assistance may be negotiated by the authority and shall be included in a written agreement with the recipient. The agreement may incl…

renewal program fund is established under the control of the Iowa finance authority. The authority shall provide moneys from the fund to a nonprofit Iowa affiliate to award grants under the program. Grantees shall use the funds for the purpose of investing in housing rehabilitati…

“Authority” means the Iowa finance authority created in Iowa Code section 16.1A. “Eligible participant” means a city, a county, a consortium of local governments, or an organization exempt from taxation pursuant to Section 501(c)(3) of the Internal Revenue Code with whom a nonpro…

47.3(1) The authority will prepare an agreement between the authority and the nonprofit affiliate. The agreement may include terms and conditions reasonably necessary for implementation of the program pursuant to this chapter and 2022 Iowa Acts, House File 2564. 47.3(2) Any subst…

47.4(1) The nonprofit affiliate must submit a report to the authority on or before November 30 of each year. 47.4(2) In addition to the requirements described in 2022 Iowa Acts, House File 2564, division III, the nonprofit affiliate must report on each of the following: a. A desc…

“Affiliate” means any entity that 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 direc…

5.2(1) The authority may debar a person in any of the circumstances listed in Iowa Code section 16.5E(1). The authority will consider the following factors to determine whether debarment is warranted: a. Whether the person had effective standards of conduct and internal control s…

5.3(1) Upon receipt of information that a person has engaged in conduct that could constitute cause for debarment, the director will determine whether to debar the person based on all information available to the authority or whether additional information is required to make suc…

5.4(1) Debarment will be for a period commensurate with the acts or omissions of the person to be debarred. A person will not be debarred for an initial period that exceeds three years. The authority may impose an additional period of debarment if, prior to the expiration of an i…

5.5(1) A person that has been debarred by the authority may request a review of the authority’s determination pursuant to Iowa Code section 16.5E(3). The request may include any information relevant to demonstrate that the authority’s determination was based on a clear error of m…

5.6(1) A person that has been debarred may submit a request for reinstatement during the period of debarment if: a. New information becomes available that is relevant to the cause for debarment and that was not previously discoverable; b. Criminal charges or civil or administrati…

debarment that are allowed under any authority programs in which a debarred person is participating or any existing agreements between the authority and a debarred person. [ARC 9654C, IAB 10/29/25, effective 12/3/25] These rules are intended to implement Iowa Code section 16.5E. …

the authority. [ARC 9405C, IAB 7/9/25, effective 8/13/25]

7.10(1) Consolidation. The presiding officer may consolidate any or all matters at issue in two or more contested case proceedings where: a. The matters at issue involve common parties or common questions of fact or law; b. Consolidation would expedite and simplify consideration …

7.11(1) Pleadings may be required by rule, by the notice of hearing, or by order of the presiding officer. A petitioner in a contested case proceeding has 20 days from delivery of the notice of hearing or subsequent order of the presiding officer to file a petition unless otherwi…

7.12(1) Service required. Except where otherwise provided by law, every pleading, motion, document, or other paper filed in a contested case proceeding and every paper relating to discovery in such a proceeding shall be served upon each of the parties of record to the proceeding,…

7.13(1) Discovery procedures applicable in civil actions are applicable in contested cases. Unless lengthened or shortened by these rules or by order of the presiding officer, time periods for compliance with discovery shall be as provided in the Iowa Rules of Civil Procedure. 7.…

7.14(1) A party may be issued a subpoena by the authority upon written request. In the absence of good cause for permitting later action, a request for a subpoena must be received at least three days before the scheduled hearing. Requests for a subpoena shall include the name, ad…

7.15(1) Prehearing motions must be in writing, state the grounds for relief, and state the relief sought. 7.15(2) Any party may file a written response to a motion within ten days after the motion is served unless the time period is extended or shortened by rules of the authority…

7.16(1) Any party may request a prehearing conference. A written request for prehearing conference or an order for prehearing conference on the presiding officer’s own motion shall be filed not less than seven days prior to the hearing date. A prehearing conference shall be sched…

the presiding officer. 7.17(1) A written application for a continuance shall: a. Be made at the earliest possible time and no less than seven days before the hearing except in case of unanticipated emergencies; b. State the specific reasons for the request; and c. Be signed by th…

prior to the hearing. A withdrawal is with prejudice unless otherwise provided. [ARC 9405C, IAB 7/9/25, effective 8/13/25]

7.19(1) Motion. A motion for leave to intervene in a contested case proceeding shall state the grounds for the proposed intervention, the position and interest of the proposed intervenor, and the possible impact of intervention on the proceeding. A proposed answer or petition in …

“Authority” means the Iowa finance authority created in Iowa Code section 16.1A. “Contested case” means a proceeding defined by Iowa Code section 17A.2 and includes any matter described as a no factual dispute contested case under Iowa Code section 17A.10A. “Director” means the d…

7.20(1) The presiding officer presides at the hearing and may rule on motions, require briefs, issue a proposed decision, and issue other orders and rulings to ensure the orderly conduct of the proceedings. 7.20(2) All objections shall be timely made and stated on the record. 7.2…

7.21(1) The presiding officer shall rule on admissibility of evidence and may, where appropriate, take official notice of facts in accordance with all applicable requirements of law. 7.21(2) Stipulation of facts is encouraged. The presiding officer may make a decision based on st…