1. The Iowa department of economic development shall provide a regulatory information service. The purpose of the service shall be to provide a center of information where a person interested in establishing a commercial facility or engaging in a commercial activity may be informed of any registration, license, or other approval of a state regulatory agency that is required for that facility or activity or of the existence of standards, criteria, or requirements which the laws of this state require that facility or activity to meet.
2. Each state agency which requires a permit, license, or other regulatory approval or maintains standards or criteria with which an activity or facility must comply shall inform the Iowa department of economic development of the following:
a. The activity or facility that is subject to regulation.
b. The existence of any threshold levels which would exempt the activity or facility from regulation.
c. The nature of the regulatory program.
d. The amount of any fees.
e. How to apply for any permits or regulatory approvals.
f. A brief statement of the purpose of requiring the permit or regulatory approval or requiring compliance with the standards or criteria.
3. Each state agency shall promptly inform the Iowa department of economic development of any changes in the information provided under subsection 2 or the establishment of a new regulatory program. The information provided to or disseminated by the department shall not be binding upon the regulatory program of a state agency; however, a person shall not be subject to the imposition of a penalty for failure to comply with a regulatory program if the person demonstrates that the person relied upon information provided by the department indicating compliance was not required and either ceases the activity upon notification by the regulatory agency or brings the activity or facility into compliance.
4. Subsections 2 and 3 do not apply to the following:
a. The utilities division of the department of commerce insofar as the information relates to public utilities.
b. The banking division of the department of commerce.
c. The savings and loan division of the department of commerce.
d. The credit union division of the department of commerce.
[82 Acts, ch 1099, § 1]
C83, § 28.17
C93, § 15E.17
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