261—406.7(15,476) Application process.
	406.7(1) Application forms shall be available at iowagrants.gov.
	406.7(2) Applications will be accepted only during the established application periods identified by the authority on its Internet site at www.iowaeda.com.
	406.7(3) Authority staff will review applications for completeness, eligibility, and whether the proposed project meets the financial and technical requirements of the Iowa energy center. The authority or board may engage outside reviewers to complete technical, financial, or other reviews of applications beyond the expertise of the board and authority staff.
	406.7(4) Authority staff will recommend applications to the loan committee established by the board. The Iowa energy center may request additional information from applicants to process each loan application. The loan committee will review the applications and staff recommendations and then make recommendations to the board. The board will approve, defer, or deny applications for loans. Authority staff may negotiate the amount, terms, and other conditions of each loan before an award is approved.
	406.7(5) The board will accept loan applications on a rolling basis. The board will make funding decisions at least once each quarter.
[ARC 5994C, IAB 10/20/21, effective 9/30/21]