261—174.7 (15,15G,83GA,SF344) Job obligations. Jobs that will be created or retained as a result of a project’s receiving state or federal financial assistance or tax credit benefits from the department shall meet the qualifying wage threshold requirements. Jobs that do not meet the qualifying wage threshold requirements will not be counted toward a business’s job creation or job retention obligations outlined in the contract between the department and the business. A business’s job obligations shall include the business’s base employment level and the number of new jobs required to be created above the base employment level.
[ARC 7970B, IAB 7/15/09, effective 7/1/09]