261—221.5(88GA,SF608) Agreement required.
	221.5(1) Each applicant that is approved for financial assistance under the program shall enter into an agreement with the authority for the provision of such financial assistance. The agreement will establish the terms on which financial assistance is to be provided and may include any other terms reasonably necessary for the efficient administration of the program.
	221.5(2) The authority and the applicant may amend the agreement at any time upon the mutual agreement of both the authority and the applicant.
	221.5(3) The agreement may require an applicant that has been approved for financial assistance under the program to submit information reasonably required by the authority to make reports to the authority’s board, the governor’s office, or the general assembly.
[ARC 5093C, IAB 7/15/20, effective 8/19/20]