261—20.10 (260G) Threshold requirements. To be considered for funding, the following threshold requirements shall be met:
	  1. 	 The agreement must provide for pledged program positions paying at least 200 percent of the poverty level for a family of two. If the wage designated is to become effective after a training or probationary period, the employer must document that there is a plan in place regarding time frames for transition to the permanent full-time wage, and the employer must provide documentation that these time frames are reasonable and that the employer has previously adhered to the time schedule.
	  2. 	 The agreement must demonstrate that the program meets the definition of an eligible ACE program.
	  3. 	 The agreement must demonstrate that the project builds the capacity of the community college to train additional students for available jobs.
	  4. 	 The agreement must establish a 20 percent employer cash or in-kind match for program operating funds.
	  5. 	 The agreement shall describe how the project enhances geographic diversity of project offerings across the state.
	  6. 	 The agreement must document that other private or public sources of funds are maximized prior to ACE program capital cost funding.
	  7. 	 ACE program capital cost projects must enhance the geographic diversity of state investment in Iowa. The IDED board will continuously review projects to ensure that there is statewide impact. The IDED board will prioritize projects to ensure geographic diversity.
	  8. 	 Funds shall be used only for ACE program capital costs for projects that meet the definition of vertical infrastructure. Building repair, renovation and construction for purposes of ACE program equipment installation shall be allowed.