Iowa Admin. Code r. 261-52.5

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

Rule 261-52.5 - Waivers

A targeted small business may seek a satisfaction, performance, surety, or bid bond waiver from a state agency pursuant to Iowa Code section 12.44. A TSB must provide a sworn statement and documentation from surety companies verifying that the TSB is entitled to a waiver pursuant to Iowa Code section 12.44.

(1) The authority reviews all requests for waivers. The authority may request information to assist the review process from the state agency requiring a bond. An applicant for a waiver pursuant to this rule and the agency requiring a bond will be notified of the decision in writing.

(2) Waivers will be reviewed and renewed at the time of TSB recertification.

Iowa Admin. Code r. 261-52.5

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