Iowa Admin. Code r. 261-52.4

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 261-52.4 - Decertification

(1) If the authority determines there is reasonable cause to believe a business does not comply with the requirements of the program, the authority shall provide written notice of the intent to revoke certification to the business. Notice shall be sent at least 20 days before decertification is effective.

(2) The authority shall revoke certification of a TSB if the authority determines that a fraudulent practice related to the program has occurred. The authority or its representative may investigate allegations or complaints of fraudulent practices. A person is considered to have engaged in a fraudulent practice related to the program if the person does any of the following:

a. Knowingly transfers or assigns assets, ownership, or equitable interest in property of a business to a targeted group person primarily for the purpose of obtaining benefits afforded only to TSBs if the transferor would otherwise not be qualified for such programs.

b. Solicits and is awarded a state contract on behalf of a TSB for the purpose of transferring the contract if the person transferring or intending to transfer the work had no intention of performing the work.

c. Knowingly falsifies information on an application for the purpose of obtaining benefits afforded only to TSBs.

(3) A TSB may be decertified if the authority sends a letter by first-class mail to the last-known address provided to the authority by the TSB and it is returned as undeliverable.

(4) Eligibility to participate in the program continues until the authority issues a final decision regarding decertification of a TSB.

Iowa Admin. Code r. 261-52.4

Adopted by IAB January 17, 2018/Volume XL, Number 15, effective 2/21/2018

Adopted by IAB October 16, 2024/Volume XLVII, Number 7, effective 11/20/2024