Iowa Admin. Code r. 261-42.2

Current through Register Vol. 47, No. 13, December 25, 2024

Rule 261-42.2 - Program description

(1) The authority will accept competitive applications for tourism-related projects in each fiscal year in which funding is available. The authority will award grants to projects based on the criteria described in subrule 42.4(1), and the authority will award grants to projects in a manner designed to prioritize those projects that provide the greatest benefit to state and local economies.

(2) The authority will establish a maximum grant award per application and a minimum grant award per application for each fiscal year in which funding is available.

(3) The authority will make awards based on the total amount of funding available each fiscal year. Funds will be awarded as reimbursement for expenditures that are directly related to the implementation of an eligible project.

(4) An applicant may submit one application each fiscal year. If the application submitted by the applicant is a collaborative application, it will be counted as the head applicant's application for the fiscal year.

(5) An applicant that has received an Iowa tourism grant award in the prior fiscal year cannot submit an application for a substantially similar project in the following fiscal year. If an applicant does submit an application for a substantially similar project in the following fiscal year, the application will be deemed ineligible.

Iowa Admin. Code r. 261-42.2

Amended by IAB June 11, 2014/Volume XXXVI, Number 25, effective 5/19/2014.

Amended by IAB April 12, 2017/Volume XXXIX, Number 21, effective 5/17/2017

Amended by IAB May 18, 2022/Volume XLIV, Number 23, effective 6/22/2022