Iowa Admin. Code r. 261-118.5

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

Rule 261-118.5 - [Effective 1/15/2025] Application scoring criteria

The criteria under which each application will be scored are:

(1) The overall quality of the proposed strategic infrastructure project, including the project's estimated economic impact. The council will consider the structure of the proposed strategic infrastructure project and the partnerships proposed to be formed.

(2) The extent to which the commonly utilized asset proposed by applicant benefits one or more private sector entities and the extent to which the commonly utilized asset creates necessary physical infrastructure in the state. More points will be awarded to proposed strategic infrastructure projects demonstrating greater benefits or benefits to more entities and to proposed strategic infrastructure projects demonstrating more critical necessary physical infrastructure.

(3) The extent to which the proposed strategic infrastructure project provides benefits that are not adequately provided by the public or private sectors.

(4) The importance of the vertical infrastructure improvement developments, facilities and equipment upgrades, or the redevelopment or repurposing of underutilized property or other assets that are proposed, the extent to which the proposed strategic infrastructure project will attract additional public or private sector investment, and the likelihood that the proposed strategic infrastructure project will result in broad-based prosperity in the state of Iowa.

(5) The sufficiency of the proposed strategic infrastructure project's financing structure, the feasibility of the sources of funds, and the appropriateness of the proposed uses of the funds. The council will consider a proposed strategic infrastructure project's overall financing gap and the total amount of funds leveraged from other sources.

Iowa Admin. Code r. 261-118.5

Adopted by IAB January 21, 2015/Volume XXXVII, Number 15, effective 2/25/2015

Adopted by IAB December 11, 2024/Volume XLVII, Number 11, effective 1/15/2025