Iowa Admin. Code r. 261-56.2
For purposes of this chapter, unless the context otherwise requires:
"Agreement" means a contract for financial assistance under the program describing the terms on which the financial assistance is to be provided.
"Applicant" means a business applying for assistance under the program.
"Authority" means the economic development authority created in Iowa Code section 15.105.
"Business" means a corporation eligible to become a qualified Iowa ESOP.
"Director" means the director of the authority.
"Financial assistance" means a payment made by the authority to an applicant approved for funding under the program.
"Program" means the ESOP formation assistance program established pursuant to this chapter.
"Qualified Iowa ESOP" means the same as defined in the department of revenue's rules for the determination of net income at 701-subrule 40.38(10).
Iowa Admin. Code r. 261-56.2