261—187.4 (15) Contract and award amendment approval procedures.
	 187.4(1) General rule. Generally, the final decision maker that approved the initial award shall approve any amendments or changes to that award.
	 187.4(2) Contract amendments.
	  a.   	 General. In general, the amendment process for both awards and contracts mirrors the application process. That is, the same entity that recommended the initial application will also recommend the amendment, and the same entity that had final approval of the initial application will have final approval of the amendment. As with awards, contract amendments must comply with the statutory requirements for each individual program or funding source and the applicable administrative rules. In general, the amendment process begins with review of an amendment request by authority staff. After review by staff, the amendment may be sent to a committee for further recommendation followed by final action on the amendment by the board or by the director, as the case may be. The director may take action on any amendment that is not specifically identified as requiring board action. The authority’s various programs and the amendment procedures are described in paragraph 187.4(2)“c,” which contains the applicable recommending and approving entities by funding source and program.
	  b.   	 Key to table.
ACE – The accelerated career education program job credits authorized under Iowa Code chapter 260G.
ASSISTIVE – The assistive device tax credits authorized in Iowa Code section 422.33.
BRN – The brownfield redevelopment advisory council established in Iowa Code section 15.294.
BROWN – Redevelopment tax credits for brownfield and grayfield sites and the brownfield redevelopment fund as established in Iowa Code chapter 15.
CDBG – Federal community development block grant funded programs.
DDC – Due diligence committee organized by the board pursuant to 261—Chapter 1.
EDSA – The economic development set aside component of the CDBG program established in 261—Chapter 23.
ETAP – The export trade assistance program established in 261—Chapter 72.
EZ – Enterprise zone program as established in Iowa Code chapter 15E, including both the business and housing development tax credits.
FILM – The film and video project promotion program tax credits available under the now repealed Iowa Code section 15.393.
GIVF – The grow Iowa values fund and financial assistance program established pursuant to the now repealed Iowa Code chapter 15G, including all prior versions and funding sources of the program.
HQJP – High quality jobs program, as established in Iowa Code chapter 15, including both tax incentives and project completion assistance.
INNOVATION – Programs related to innovation, commercialization, and targeted industries development, including the programs described in Iowa Code section 15.411 and the program rules in 261—Part V.
LCG – Loan and credit guarantee program as established in the now repealed Iowa Code chapter 15E, division XX.
NSP – Neighborhood stabilization program as established in 261—Chapter 27.
TCC – Technology commercialization committee organized by the board pursuant to 261—Chapter 1.
TJWTC – Targeted jobs withholding tax credit program for pilot project cities established in Iowa Code section 403.19A.
TSB – Targeted small business advisory council established in Iowa Code section 15.247(8).
TSB LOAN – The targeted small business financial assistance program established in Iowa Code section 15.247.
	  c.   	 Recommendation and approval entities for state and federal programs. The contract amendment process for tax incentives, project completion assistance, other financial assistance, or other benefits under the authority’s various programs is as follows:

PROGRAM	STATE/FEDERAL	RECOMMENDATION BY	FINAL DECISION BY	
HQJP	State	DDC	Board	
GIVF	State	DDC	Board	
EZ (Business)	State	DDC	Board	
EZ (Housing)	State	 	Director	
INNOVATION	State	TCC	Board	
LCG	State	DDC	Board	
FILM	State	 	Director	
ASSISTIVE	State	 	Director	
EDSA	Federal	DDC	Board	
CDBG	Federal	 	Director	
NSP	Federal	 	Director	
HOME	Federal	 	Director	
BROWN	State	BRN	Director	
TSB LOAN	State	TSB	Director	
ETAP	State	 	Director	
ACE	State	 	Director	
TJWTC	State	 	Director	
	  d.   	 Exception. Notwithstanding paragraph 187.4(2)“c,” the director may approve contract amendments for the targeted industries internship program consistent with Iowa Code section 15.106C without board approval.
	 187.4(3) Amendments and other requests the authority is authorized to implement. The authority is authorized by the board to take action on nonsubstantive changes, including but not limited to the following:
	  a.   	 Recipient name, address and similar changes.
	  b.   	 Collateral changes that are the same or better security than originally approved by the board or director (e.g., securing a letter of credit to replace a UCC blanket filing) or collateral changes that do not materially and substantially impact the authority’s security.
	  c.   	 Line item budget changes that do not reduce overall total project costs.
	  d.   	 Loan repayment amounts or due dates that do not extend the final due date of a loan.
[ARC 7970B, IAB 7/15/09, effective 7/1/09; ARC 8145B, IAB 9/23/09, effective 10/28/09; ARC 0442C, IAB 11/14/12, effective 12/19/12]