Iowa Admin. Code r. 605-14.10

Current through Register Vol. 47, No. 6, September 18, 2024

Rule 605-14.10 - Reports

(1) Following the approval of aproject application, the governmental entity shall, on or before December 15 of each year, submit a report to the board detailing the following:

a. The current status of the project.

b. The total expenditures and types of expenditures that have been made related to the project.

c. The amount of total project cost remaining as of the date the report is submitted.

d. The amounts, types, and sources of funding being used.

e. The amount of bonds issued or other indebtedness incurred for the project, including information related to the rate of interest, length of term, cost of issuance, and net proceeds. This report shall also include the amounts and types of moneys used for payment of such bonds or indebtedness.

(2) The board shall submit a written report to the governor and the general assembly on or before January 15 of each year. The report shall contain information relating to all projects that have been approved by the board and contain summaries of the individual project reports required by this chapter. The board shall also convey in the report any recommendations for legislative action to modify this chapter.

(3) The treasurer of state shall report to the department any moneys that are disbursed to a recipient of financial assistance under the program.

(4) Any governmental entity that receives assistance in the form of sales tax revenues under the program shall provide to the board all reports that are required as part of receiving federal financial assistance.

Iowa Admin. Code r. 605-14.10

ARC 1114C, IAB 10/16/2013, effective 11/20/2013