An automatic stay of all state court proceedings against Arrow was entered. National Travelers then filed a motion for relief from the automatic stay, which was granted on February 6, 1992. The Iowa Industrial New Jobs Training Act was enacted by the Iowa Legislature and codified at Iowa Code 280B in 1983. While Arrow was operating and employing the trained employees, a flow of tax credits was generated. That cash flow ended with the liquidation of Arrow. with Arrow.
Agreement is the agreement between an employer and an area school concerning a project.
Project means a training arrangement which is the subject of an agreement entered into between the area school and an employer to provide program services. If an agreement is entered into, the area school and the employer shall notify the department of revenue and finance as soon as possible. Any payments required to be made by an employer are a lien upon the employer's business property until paid and have equal precedent with ordinary taxes and shall not be divested by a judicial sale. It argues that since ordinary tax liens do not have to be perfected with the county recorder, its lien against Arrow's property was perfected like any other tax lien when copies of the job-training resolution, as required by statute, were mailed to the county auditor. Summary judgment is appropriate only if there is no genuine issue of material fact and the moving party is entitled to a judgment as a matter of law.