Iowa Admin. Code r. 877-23.13

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

Rule 877-23.13 - Contract and reporting

(1)Notice of award. Successful applicants will be notified in writing of an award of assistance, including any conditions and terms of the approval.

(2)Contract required. The authority shall prepare a contract, which includes, but is not limited to, a description of the internship to be completed; conditions to disbursement; required reports; and the repayment requirements imposed in the event the business does not fulfill its obligations described in the contract and other specific repayment provisions ("clawback" provisions) to be established on an individual basis.

(3)Reporting. A business which has been awarded assistance under the program shall submit any information requested by the authority in sufficient detail to permit the authority to prepare any reports required by the authority, the board, the general assembly or the governor's office.

(4)Contract amendments. The board does not need to approve a contract amendment. The director may approve contract amendments consistent with 2011 Iowa Acts, House File 590, section 9.

Iowa Admin. Code r. 877-23.13

Editorial change: IAC Supplement 11/1/2023