Iowa Admin. Code r. 261-165.6

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

Rule 261-165.6 - Annual fiscal year allocations by board

(1)Annual fiscal year allocations. At the first scheduled meeting of the board after the start of a fiscal year, the board shall take action on each of the following:

a. Board allocation of appropriation to fiind for departmental purposes -$32M. The board shall review the department's recommendation for the annual allocation of the $32 million (or of such lesser amount if the annual appropriation to the fund is less than $50 million) for departmental purposes described in subrule 165.4(1).

b. Board allocation of other moneys in the fund. The board shall review the department's recommendation for the annual allocation of other moneys in the fund as described in rule 261-1655. (15G,83GA,SF344).

c. Board allocation among the six components of the grow Iowa values financial assistance program. The board shall review the department's recommendation for the annual allocation among the six components of the grow Iowa values financial assistance program described in 261-Chapter 74.

(2)Reallocation during fiscal year The board may adjust each of the allocations described in subrule 165.6(1) during the fiscal year as necessary.

Iowa Admin. Code r. 261-165.6

ARC 7970B, lAB 7/15/09, effective 7/1/09; ARC 8145B, lAB 9/23/09, effective 10/28/09