Title I, STATE SOVEREIGNTY AND MANAGEMENT (Ch. 1 - 38D)

1. The authority may provide in the resolution authorizing the issuance of its bonds or notes for the economic development program that the principal of, premium, if any, and interest on the bonds or notes are payable exclusively from any of the following: a. The income and recei…

State officers and state departments and agencies may render services to the authority within their respective functions as requested by the authority. 2014 Acts, ch 1080, §23, 78

1. As used in this section , “member” means each individual appointed to any of the following: a. The board of directors of the authority created pursuant to section 16.2 . b. The board of directors of the agricultural development division created pursuant to section 16.2C . 2. a…

1. The authority shall cooperate with the department of natural resources in the creation, administration, and financing of the water pollution control works and drinking water facilities financing program established in sections 455B.291 through 455B.299 . 2. The authority may i…

As used in section 16.131 , this section , and sections 16.132 through 16.135 , unless the context otherwise requires: 1. “Clean Water Act” means the federal Water Pollution Control Act of 1972, Pub. L. No. 92-500, as amended by the Water Quality Act of 1987, Pub. L. No. 100-4, a…

1. The authority may provide in the resolution, trust agreement, or other instrument authorizing the issuance of its bonds or notes pursuant to section 16.131 that the principal of, premium, and interest on the bonds or notes are payable from any of the following and may pledge t…

The authority shall adopt rules pursuant to chapter 17A to implement sections 16.131 and 16.132 . 88 Acts, ch 1217, §22 C89, §220.133 C93, §16.133 Referred to in §16.131A

1. The authority may establish and maintain funds and accounts determined to be necessary to carry out the purposes of the program and shall provide for the funding, administration, investment, restrictions, and disposition of the funds and accounts. The department and the author…

1. The Iowa finance authority shall establish and administer a wastewater and drinking water treatment financial assistance program. The purpose of the program shall be to provide financial assistance to enhance water quality. The program shall be administered in accordance with …

1. A water quality financial assistance fund is created in the state treasury as a revolving fund. 2. The fund shall consist of all of the following: a. (1) Moneys transferred to the fund pursuant to section 423G.6 . (2) This paragraph “a” is repealed on January 1, 2040. b. Appro…

1. The authority, in cooperation with the department of natural resources and the economic development authority, shall require the use of a wastewater viability assessment for any wastewater treatment facility seeking a grant under the wastewater treatment financial assistance p…

1. The authority shall establish and administer an unsewered community revolving loan program. Assistance under the program shall consist of no-interest loans with a term not to exceed forty years and shall be used for purposes of installing sewage disposal systems in a city with…

As used in this part , unless the context otherwise requires: 1. “Cost” means all costs, charges, expenses, or other indebtedness incurred by a loan recipient and determined by the authority as reasonable and necessary for carrying out all works and undertakings necessary or inci…

1. The authority, in cooperation with the department of natural resources and the department of agriculture and land stewardship, shall establish and administer a water quality financing program. The purpose of the program shall be to provide financial assistance to enhance the q…

1. a. A water quality financing program fund is created and shall consist of appropriations made to the fund, moneys credited to the fund pursuant to section 16.134A , and transfers of interest, earnings, and moneys from other funds as provided by law. The fund shall be administe…

1. An eligible entity may apply to the authority for financial assistance under the program by submitting a plan on an application form as required by the authority. To be approved for an award of financial assistance, the plan must meet all of the following requirements: a. The …

1. A member, as defined in section 16.13 , or a person acting on behalf of the authority while acting within the scope of the member’s or person’s agency or employment, is not subject to personal liability resulting from carrying out the powers and duties in this chapter . 2. The…

1. The authority shall assist the program manager, appointed pursuant to section 34A.2A , as provided in chapter 34A, subchapter II , and the authority shall have all of the powers delegated to it by a joint 911 service board or the department of public defense in a chapter 28E a…

The authority shall assist a community college or the state board of education as provided in chapter 260C , and the authority shall have all of the powers delegated to it in a chapter 28E agreement by a community college board of directors, the state board of education, or a pri…

1. The authority shall adopt pursuant to chapter 17A all rules necessary to administer this chapter . 2. The authority may adopt rules which establish further definitions applicable to this chapter and clarify the definitions in this chapter , as the authority deems convenient an…

1. The authority is authorized to issue its bonds to provide prison infrastructure financing as provided in this section . The bonds may only be issued to finance projects which have been approved for financing by the general assembly. Bonds may be issued in order to fund the con…

This chapter takes precedence over any conflicting provisions contained in section 535.8, subsection 4 , with respect to the use or enforcement of a due-on-sale or similar clause in a mortgage loan agreement, and takes precedence over any conflicting provisions contained in laws …

1. a. A housing trust fund is created within the authority. The moneys in the housing trust fund are annually appropriated to the authority to be used for the development and preservation of affordable housing for low-income people in the state and for the Iowa mortgage help init…

1. There is appropriated from the rebuild Iowa infrastructure fund to the Iowa finance authority for deposit in the housing trust fund created in section 16.181 , for the fiscal year beginning July 1, 2009, and beginning July 1, 2011, and for each succeeding fiscal year, the sum …

This chapter , being necessary for the welfare of this state and its inhabitants, shall be liberally construed to effect its purposes. 2014 Acts, ch 1080, §28, 78

1. The authority shall adopt administrative rules pursuant to chapter 17A necessary to administer the Iowa jobs program and Iowa jobs II program. The authority shall be responsible for providing technical assistance and application assistance to applicants under the programs, neg…

1. An Iowa jobs program is created to assist in the development and completion of public construction projects relating to disaster relief and mitigation and to local infrastructure. “Local infrastructure” includes projects relating to disaster rebuilding, reconstruction and repl…

1. An Iowa jobs II program is created to assist in the development and completion of public construction projects relating to disaster prevention including but not limited to the construction of, or the replacement or reconstruction of, local public buildings in a manner that mit…

1. Applications for assistance under the Iowa jobs program and Iowa jobs II program shall be submitted to the authority for review and approval. 2. When reviewing the applications, the authority shall consider the project criteria specified in sections 16.194 and 16.194A . The au…

1. There is appropriated from the revenue bonds capitals fund created in section 12.88 , to the authority, for the fiscal year beginning July 1, 2009, and ending June 30, 2010, one hundred sixty-five million dollars to be allocated as follows: a. One hundred eighteen million five…

1. The Iowa finance authority is created, and constitutes a public instrumentality and agency of the state exercising public and essential governmental functions. 2. The authority shall undertake and administer all of the following: a. Programs established under this chapter . b.…

1. An Iowa finance authority board of directors is created. The powers of the authority are vested in and shall be exercised by the board. The authority includes nine voting members appointed by the governor subject to confirmation by the senate. The authority also includes one e…

All moneys received by or on behalf of the authority, whether as proceeds from the sale of obligations or as revenues, are trust funds to be held and applied solely for the purposes specified in the appropriation, bond resolution, or other document authorizing receipt of the mone…

1. “Department” means the department of homeland security and emergency management. 2. “Fund” means the natural hazard mitigation revolving loan fund created in section 29D.4 . 3. “Loan recipient” means the same as defined in section 29D.2 . 4. “Program” means the natural hazard …

1. The department, in consultation with the authority, may establish and maintain funds or accounts determined to be necessary to carry out the purposes of chapter 29D and shall provide for the funding, administration, investment, restrictions, and disposition of the funds and ac…

1. The authority shall cooperate with the department in the creation, administration, and financing of the program. 2. The authority may issue bonds and notes for the purpose of funding the fund and the state matching funds required pursuant to the federal Robert T. Stafford Disa…

1. The authority may provide in the resolution, trust agreement, or other instrument authorizing the issuance of bonds or notes pursuant to chapter 29D that the principal of, premium, and interest on the bonds or notes are payable from any of the following and may pledge the same…

1. The authority may issue its negotiable bonds and notes in principal amounts as, in the opinion of the authority, are necessary to provide sufficient funds for achievement of its corporate purposes, the payment of interest on its bonds and notes, the establishment of reserves t…

1. The authority may create and establish one or more special funds, to be known as “bond reserve funds”, and shall pay into each bond reserve fund any moneys appropriated and made available by the state for the purpose of the fund, any proceeds of sale of notes or bonds to the e…

Subject to any agreement with bondholders or noteholders, the authority may renegotiate a mortgage or secured loan or a loan to a lending institution in default, waive a default or consent to the modification of the terms of a mortgage or secured loan or a loan to a lending insti…

1. If the authority defaults in the payment of principal or interest on an issue of bonds or notes after they become due, whether at maturity or upon call for redemption, and the default continues for a period of thirty days, or if the authority fails or refuses to comply with th…

The state pledges and agrees with the holders of any bonds or notes that the state will not limit or alter the rights vested in the authority to fulfill the terms of agreements made with the holders or in any way to impair the rights and remedies of the holders until the bonds or…

A title guaranty division is created within the authority. The division may also be referred to as Iowa title guaranty. The powers of the division relating to the issuance of title guaranties are vested in and shall be exercised by the board. The director shall appoint an attorne…

1. An agricultural development division is created within the authority. The agricultural development division shall administer subchapter VIII , by providing assistance to beginning farmers, agricultural producers, or other persons qualifying for such assistance under subchapter…

1. The powers of the agricultural development division are vested in and shall be exercised by the agricultural development board as provided in section 16.2B and this section . 2. The agricultural development board is created to exercise all powers and perform all duties necessa…

Editorially transferred to §16.5F .