Iowa Admin. Code r. 199-32.6

Current through Register Vol. 47, No. 5, September 4, 2024

Rule 199-32.6 - Approval of appraiser for municipal utilities

The procedures for requesting commission approval of an appraiser are as follows:

(1)Making a request. To request commission approval of an appraiser to appraise a city utility, the governing body of the city utility shall file a request in the commission's electronic filing system. The request shall contain the following information:

a. The name of the city and of the utility;

b. The type of utility service provided by the utility;

c. The total number of customers served by the utility and the number of customers served by class, if applicable;

d. A general description of the assets owned by the utility; and

e. The name and contact information for the city or utility.

(2)Consideration of request. When a request for approval of an appraiser is received by the commission, commission staff reviews the request and provides the commission with a recommendation or a list of appraisers for the commission to consider approving. The commission may delegate approval authority to the commission chair.

(3)Notice of approved appraiser. Within 30 calendar days following the city's or city utility's filing to request commission approval of an appraiser, the commission shall notify the city and governing body of the city utility of an approved appraiser. If the city and governing body of the city utility are unable to agree to terms with an approved appraiser, the city and governing body of the city utility may file a letter with the commission requesting approval of another appraiser and identifying the reasons they are requesting the commission to approve another appraiser.

Iowa Admin. Code r. 199-32.6

Adopted by IAB June 12, 2024/Volume XLVI, Number 26, effective 7/17/2024

Editorial change: IAC Supplement 7/24/2024