reglab/statecodes huggingface dataset:
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.57 - Residential treatment facilities.

16.57 Residential treatment facilities.
1. The authority may issue its bonds and notes and loan the proceeds of the bonds or notes to a nonprofit corporation for the purpose of financing the acquisition or construction of residential housing or treatment facilities serving juveniles or persons with disabilities.
2. The authority may enter into a loan agreement with a nonprofit corporation for the purpose of financing the acquisition or construction of residential housing or treatment facilities serving juveniles or persons with disabilities and shall provide for payment of the loan and security for the loan as the authority deems advisable.
3. In the resolution authorizing the issuance of the bonds or notes pursuant to this section, the authority may provide that the related principal and interest are limited obligations payable solely out of the revenues derived from the debt obligation, collateral, or other security furnished by or on behalf of the nonprofit corporation, and the principal or interest does not constitute an indebtedness of the authority or a charge against the authority’s general credit or general fund.
4. The powers granted the authority under this section are in addition to the authority’s other powers under this chapter. All other provisions of this chapter, except section 16.28, subsection 4, apply to bonds or notes issued pursuant to, and powers granted to the authority under this section, except to the extent the provisions are inconsistent with this section.
2014 Acts, ch 1080, §47, 78
Referred to in §237.14
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.57A - Transfer of unobligated or unencumbered funds — report.

16.57A Transfer of unobligated or unencumbered funds — report.
1. Notwithstanding any other provision of law to the contrary, the authority may transfer any unobligated and unencumbered moneys in any revolving loan program fund created pursuant to section 16.46, 16.47, 16.48, or 16.49, for deposit in the disaster recovery housing assistance fund created in section 16.57B.
2. Notwithstanding section 8.39, and any other law to the contrary, with the prior written consent and approval of the governor, the executive director of the authority may transfer any unobligated and unencumbered moneys in any fund created pursuant to section 16.5, subsection 1, paragraph “s”, for deposit in the disaster recovery housing assistance fund created in section 16.57B. The prior written consent and approval of the director of the department of management shall not be required to transfer the unobligated and unencumbered moneys.
3. Notwithstanding section 8.39, and any other law to the contrary, with the prior written approval of the governor, the director of the economic development authority may transfer any unobligated and unencumbered moneys in any fund created pursuant to section 15.106A, subsection 1, paragraph “o”, for deposit in the disaster recovery housing assistance fund created in section 16.57B.
4. Any transfer made under this section shall be reported in the same manner as provided in section 8.39, subsection 5.
2021 Acts, ch 177, §46, 51
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.57C - Eviction prevention program.

16.57C Eviction prevention program.
1. a. “Eligible renter” means a renter whose income meets the qualifications of the program, who is at risk of eviction, and who resides in a county that is the subject of a state of disaster emergency proclamation by the governor that authorizes the eviction prevention program.
b. “Eviction prevention partner” means a qualified local organization or governmental entity as determined by rule by the authority.
2. The authority shall establish and administer an eviction prevention program. Under the eviction prevention program, the authority shall award grants to eligible renters and to eviction prevention partners for purposes of this section. Grants may be awarded upon a state of disaster emergency proclamation by the governor that authorizes the eviction prevention program. Eviction prevention assistance shall be paid out of the fund established in section 16.57B.
3. a. Grants awarded to eligible renters pursuant to this section shall be used for short-term financial rent assistance to keep eligible renters in the current residences of such renters.
b. Grants awarded to eviction prevention partners pursuant to this section shall be used to pay for rent or services provided to eligible renters for the purpose of preventing the eviction of eligible renters.
4. The authority may enter into an agreement with one or more local program administrators to administer the program.
2021 Acts, ch 177, §48, 51
Referred to in §16.57B
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.57D - Rules.

16.57D Rules.
The authority shall adopt rules pursuant to chapter 17A to implement and administer this part, including rules to do all of the following:
1. Establish the maximum forgivable loan and grant amounts awarded under the program.
2. Establish the terms of any forgivable loan provided under the program.
3. Income qualifications of eligible renters in the eviction prevention program.
2021 Acts, ch 177, §49, 51
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.58 - Definitions.

16.58 Definitions.
As used in this subchapter, unless the context otherwise requires:
1. “Agricultural assets” means agricultural land, agricultural improvements, depreciable agricultural property, crops, or livestock.
2. “Agricultural improvement” means any improvements, including buildings, structures, or fixtures suitable for use in farming, if located on any size parcel of agricultural land.
3. “Agricultural land” means land suitable for use in farming, any portion of which may include an agricultural improvement.
4. “Agricultural producer” means a person that engages or wishes to engage or intends to engage in the business of producing and marketing agricultural produce in this state.
5. “Bankhead-Jones Farm Tenant Act” means the Act cited as 50 Stat. 522 (1937), formerly codified as 7 U.S.C. §1000 et seq., repealed by Pub. L. No. 87-128 (1961).
6. “Beginning farmer” means an individual, partnership, family farm corporation, or family farm limited liability company, with a low or moderate net worth that engages in farming or wishes to engage in farming.
7. “Family farm corporation” means the same as defined in section 9H.1.
8. “Family farm limited liability company” means the same as defined in section 9H.1.
9. “Farming” means the cultivation of land for the production of agricultural crops, the raising of poultry, the production of eggs, the production of milk, the production of fruit or other horticultural crops, grazing, the production of livestock, aquaculture, hydroponics, the production of forest products, or other activities designated by the authority by rules subject to chapter 17A.
10. “Low or moderate net worth” means a net worth that does not exceed the maximum allowable net worth established by the authority. The authority shall establish the maximum allowable net worth in accordance with the prices paid by farmers index as compiled by the United States department of agriculture.
11. “Production item” includes tools, machinery, or equipment principally used to produce crops or livestock.
2014 Acts, ch 1080, §48, 78, 117, 125; 2021 Acts, ch 177, §58, 67
Referred to in §16.77, 456A.38, 654.16, 654.16A
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.59 - Special financing — calculations.

16.59 Special financing — calculations.
To receive financing as provided in this subchapter, an individual, partnership, family farm corporation, or family farm limited liability company shall meet the applicable low or moderate net worth requirements established in this section. The requirement that applies to each such person is determined as follows:
1. For an individual, an aggregate net worth of the individual and the individual’s spouse and minor children not greater than the low or moderate net worth.
2. For a partnership, an aggregate net worth of all partners, including each partner’s net capital in the partnership, and each partner’s spouse and minor children not greater than twice the low or moderate net worth. However, the aggregate net worth of each partner and that partner’s spouse and minor children shall not exceed the low or moderate net worth.
3. For a family farm corporation, an aggregate net worth of all shareholders, including the value of each shareholder’s share in the family farm corporation, and each shareholder’s spouse and minor children not greater than twice the low or moderate net worth. However, the aggregate net worth of each shareholder and that shareholder’s spouse and minor children shall not exceed the low or moderate net worth.
4. For a family farm limited liability company, an aggregate net worth of all members, including each member’s ownership interest in the family farm limited liability company, and each member’s spouse and minor children of not greater than twice the low or moderate net worth. However, the aggregate net worth of each member and that member’s spouse and minor children shall not exceed the low or moderate net worth.
2014 Acts, ch 1080, §49, 78; 2015 Acts, ch 30, §22; 2019 Acts, ch 161, §5, 18, 19
2019 amendment to subsection 4 applies retroactively to January 1, 2019, for tax years beginning on or after that date; 2019 Acts, ch 161, §19
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.62 - Trust assets.

16.62 Trust assets.
The authority shall make application to and receive from the United States secretary of agriculture, or any other proper federal official, pursuant and subject to the provisions of Pub. L. No. 81-499, 64 Stat. 152 (1950), formerly codified at 40 U.S.C. §440 et seq. (1976), all of the trust assets held by the United States in trust for the Iowa rural rehabilitation corporation now dissolved.
2014 Acts, ch 1080, §51, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.63 - Agreements.

16.63 Agreements.
The authority may enter into agreements with the United States secretary of agriculture pursuant to Pub. L. No. 81-499 §2(f) (1950) upon terms and conditions and for periods of time as mutually agreeable, authorizing the authority to accept, administer, expend, and use in the state of Iowa all or any part of the trust assets or other funds in the state of Iowa which have been appropriated for use in carrying out the purposes of the Bankhead-Jones Farm Tenant Act and to do any and all things necessary to effectuate and carry out the purposes of such agreements.
2014 Acts, ch 1080, §52, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.64 - Bonds and notes — tax exemption.

16.64 Bonds and notes — tax exemption.
1. The authority shall publish a notice of intention to issue bonds or notes. After sixty days from the date of publication of the notice, an action shall not be brought questioning the legality of any bonds or notes or the power of the authority to issue any bonds or notes or to the legality of any proceedings in connection with the authorization or issuance of the bonds or notes after determination by the board of the authority to proceed with the issuance of the bonds or notes.
2. Bonds and notes issued by the authority for purposes of financing the beginning farmer loan program provided in section 16.75 are exempt from taxation by the state, and interest earned on the bonds and notes is deductible in determining net income for purposes of the state individual and corporate income tax under subchapters II and III of chapter 422.
2014 Acts, ch 1080, §53, 78; 2015 Acts, ch 30, §23; 2020 Acts, ch 1062, §94
Referred to in §422.7(2)(e)
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.76 - Loans to beginning farmers.

16.76 Loans to beginning farmers.
1. As used in this section, “loan” includes but is not limited to mortgage or secured loans; loans insured, guaranteed, or otherwise secured by the federal government or a federal governmental agency or instrumentality, or a state agency or private mortgage insurers; and financing pursuant to an installment contract or contract for purchase arrangement.
2. The authority may make loans to beginning farmers to provide financing for agricultural land and agricultural improvements or depreciable agricultural property.
3. A loan shall contain terms and provisions, including interest rates, and be in a form established by rules of the authority. The authority may require a beginning farmer to execute a note, loan, or financing agreement, or other evidence of indebtedness, and to furnish additional assurances and guaranties, including insurance, reasonably related to protecting the security of the loan, as the authority deems necessary.
2014 Acts, ch 1080, §57, 78; 2015 Acts, ch 30, §24
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.77 - Definitions.

16.77 Definitions.
As used in this subpart, unless the context otherwise requires:
1. “Agricultural development board” means the agricultural development board created in section 16.2C.
2. “Agricultural lease agreement” or “agreement” means an agreement for the transfer of agricultural assets from an eligible taxpayer to a qualified beginning farmer as provided in section 16.79A.
3. “Department” means the department of revenue.
4. “Eligible taxpayer” means a taxpayer who may participate in the beginning farmer tax credit program, including by meeting all the criteria as provided in section 16.79.
5. “Program” means the beginning farmer tax credit program created pursuant to section 16.78.
6. “Qualified beginning farmer” means a beginning farmer as defined in section 16.58 who meets the requirements to participate in a beginning farmer tax credit program as provided in section 16.79.
7. “Tax credit” means the beginning farmer tax credit allowed under section 16.82.
2019 Acts, ch 161, §6, 18, 19; 2021 Acts, ch 177, §59, 67
Section applies retroactively to January 1, 2019, for tax years beginning on or after that date; 2019 Acts, ch 161, §19
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.78 - Beginning farmer tax credit program — establishment and administration.

16.78 Beginning farmer tax credit program — establishment and administration.
1. A beginning farmer tax credit program is established under the control of the authority.
2. The authority and the department shall cooperate in administering the program. The department shall have all rulemaking powers necessary to administer its responsibilities under this subpart as it does under chapter 422.
3. To every extent practicable, the authority shall administer the program in a manner that encourages participation by eligible taxpayers and qualifying beginning farmers for the primary purposes of providing beginning farmers access to farmland and enhancing the stability of the beginning farmer’s farming business.
4. The authority and the department shall each adopt rules in accordance with chapter 17A as necessary for the administration of their respective responsibilities under this subpart. The eligibility requirements for taxpayers and the qualifications for beginning farmers as provided in the rules shall not be more stringent than provided in this subpart.
5. The authority shall provide for the preparation or revision and publication or distribution of forms necessary to administer their responsibilities under this subpart.
2019 Acts, ch 161, §7, 18, 19
Referred to in §16.77, 16.79A, 16.82
Section applies retroactively to January 1, 2019, for tax years beginning on or after that date; 2019 Acts, ch 161, §19
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.80 - Agricultural assets transfer tax credit — agreement.

16.80 Agricultural assets transfer tax credit — agreement. Repealed by 2019 Acts, ch 161, §15, 18, 19.
2019 repeal applies retroactively to January 1, 2019, for tax years beginning on or after that date; for provisions relating to agricultural assets transfer tax credit applications approved before May 21, 2019, applicability of prior tax credits, and continuance of carryover provisions; see 2019 Acts, ch 161, §16, 17, 19
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.81 - Beginning farmer tax credit — application.

16.81 Beginning farmer tax credit — application.
1. The deadline for submitting an application to the authority to claim a beginning farmer tax credit is August 1 of each year. The application shall be for a period that is not longer than the term of the lease.
2. a. The authority shall impose, assess, and collect application fees and shall adopt rules as necessary to administer this subsection, including by providing for the rate of those fees.
b. The authority may establish different rates based on separate categories of applications or agricultural lease agreements as determined relevant by the authority.
c. The authority shall calculate the rates of the application fees to be effective for each successive twelve-month period. The total amount of application fees collected by the authority for that period shall not be more than the authority’s estimate of the total amount of revenues necessary to administer the provisions of this subpart based on the expected revenue to be collected from the application fees and the expected costs to be incurred by the authority in administering the provisions of this subpart during that period. The authority may adjust the rates throughout that period as the authority determines necessary to comply with this paragraph.
d. The amount of application fees collected by the authority under this subsection shall be considered repayment receipts as defined in section 8.2.
3. The agricultural development board shall review and recommend approval of an application for a tax credit as provided by rules adopted by the authority. The application must include a copy of the agricultural lease agreement. The authority may require that the parties to an agreement provide additional information as determined relevant by the authority.
4. The authority shall approve all beginning farmer tax credit applications that meet the requirements of this subpart and make tax credit awards on a first-come, first-served basis, subject to the limitations in section 16.82A. An eligible taxpayer may apply and be approved to enter into agreements with different qualified beginning farmers.
5. After the authority has approved an application and made a tax credit award, all of the following apply:
a. The authority shall issue beginning farmer tax credit certificates to an eligible taxpayer on an annual basis as provided in section 16.82A.
b. An eligible taxpayer may claim the tax credit each tax year as provided in section 16.82.
6. Any financial, contractual, or legal authorization records provided to the authority shall be kept confidential and are not subject to chapter 22.
2019 Acts, ch 161, §10, 18, 19; 2021 Acts, ch 177, §63, 64, 67
Referred to in §16.79A, 16.82A
Section applies retroactively to January 1, 2019, for tax years beginning on or after that date; 2019 Acts, ch 161, §19
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.82A - Beginning farmer tax credit awards — amount and availability.

16.82A Beginning farmer tax credit awards — amount and availability.
1. a. Upon approval of an application as provided in section 16.81, the authority shall make a tax credit award to the eligible taxpayer. The tax credit award shall equal the sum of the tax credits calculated by the authority under section 16.82 for all eligible years under the approved agreement.
b. The authority shall notify the eligible taxpayer of the tax credit award under the program. The notification shall include the total tax credit award, the amount of the tax credit award that will be issued by way of a tax credit certificate in each future year under the approved agreement, and a statement that the eligible taxpayer has no right to receive tax credit certificates and claim tax credits under the program if all requirements of the agreement and the program are not satisfied.
c. If, after a tax credit award is made, the eligible taxpayer or qualified beginning farmer no longer meets the requirements of the agreement or the program, the authority may revoke the tax credit award and may rescind any tax credit certificate that has been issued.
2. The amount of beginning farmer tax credits that may be awarded by the authority in any one calendar year under the beginning farmer tax credit program shall not in the aggregate exceed a limit of twelve million dollars. Tax credits shall be awarded by the authority not later than December 15 of each calendar year after the agricultural development board reviews applications as provided in section 16.81 and the authority determines tax credit amounts for the approved applications as provided in section 16.82, aggregated for purposes of meeting the annual program award limits.
3. a. The authority shall issue tax credit certificates on an annual basis to eligible taxpayers who have received a tax credit award. The tax credit certificate shall contain the information required by the department.
b. The aggregate amount of tax credit certificates issued to an eligible taxpayer shall not exceed the eligible taxpayer’s tax credit award.
c. A tax credit certificate, unless rescinded by the authority, shall be accepted by the department as payment for taxes pursuant to chapter 422, subchapters II and III, subject to any conditions or restrictions placed by the authority upon the face of the tax credit certificate and subject to the limitations of the program.
2019 Acts, ch 161, §12, 18, 19; 2020 Acts, ch 1062, §13, 94
Referred to in §16.79A, 16.81
Section applies retroactively to January 1, 2019, for tax years beginning on or after that date; 2019 Acts, ch 161, §19
Applicability of section to tax credits awarded to applicants submitting applications before May 21, 2019, for agricultural transfer tax credits under former §16.80, for the tax year beginning January 1, 2019, see 2019 Acts, ch 161, §16, 17, 19
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.93 - Closing protection letters.

16.93 Closing protection letters.
1. The authority through the Iowa title guaranty division may issue a closing protection letter to a person to whom a proposed title guaranty is to be issued, upon the request of the person, if the division issues a commitment for title guaranty or title guaranty certificate. The closing protection letter shall conform to the terms of coverage and form of the instrument as approved by the division board and may indemnify a person to whom a proposed title guaranty is to be issued against loss of settlement funds due to only the following acts of the division’s named participating attorney, participating abstractor, or closer:
a. Theft of settlement funds.
b. Failure by the participating attorney, participating abstractor, or closer to comply with written closing instructions of the person to whom a proposed title guaranty is to be issued relating to title certificate coverage when agreed to by the participating attorney, participating abstractor, or closer.
2. A closing protection letter shall only be issued to a person to whom a proposed title guaranty is to be issued for real property transactions in which the division has committed to issue an owner or lender certificate and for which the division receives a premium and other payments or fees for a title guaranty certificate or other coverage.
3. The division board shall establish the amount of coverage to be provided and may distinguish between classes of property including, but not limited to, residential, agricultural, or commercial, provided that the total amount of coverage provided by the closing protection letter shall not exceed the amount of the commitment or title guaranty to be issued. Liability under the closing protection letter shall be coextensive with liability under the certificate to be issued in connection with a transaction such that payments under the terms of the closing protection letter shall reduce by the same amount the liability under the title guaranty certificate and payment under the title guaranty certificate shall reduce the liability under the terms of the closing protection letter.
4. The division may adopt a required fee for providing closing protection letter coverage.
5. The division shall not provide any other coverage which purports to indemnify against improper acts or omissions of a person with regard to escrow, settlement, or closing services.
6. The authority shall adopt rules pursuant to chapter 17A as necessary to administer this section.
2000 Acts, ch 1166, §6; 2008 Acts, ch 1055, §1, 2; 2014 Acts, ch 1080, §68, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.102 - Establishment of economic development program — bonds and notes — projects.

16.102 Establishment of economic development program — bonds and notes — projects.
The authority may assist the development and expansion of family farming, housing, and business in the state through the establishment of the economic development program. The authority may issue its bonds or notes, or series of bonds or notes for the purpose of defraying the cost of one or more projects and make secured and unsecured loans for the acquisition and construction of projects on terms the authority determines.
86 Acts, ch 1212, §3
C87, §220.102
C93, §16.102
2007 Acts, ch 54, §28, 29; 2009 Acts, ch 43, §5; 2014 Acts, ch 1080, §69, 78
Referred to in §16.4D, 16.104
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.103 - Iowa economic development program — specific powers.

16.103 Iowa economic development program — specific powers.
In carrying out the economic development program, the authority may do any of the following:
1. Make secured and unsecured loans for both the acquisition and the construction of projects on terms the authority determines. A loan may be made to any person or entity including but not limited to a city or county for a project approved by the authority. The authority may take any action which is reasonable and lawful to protect its security and to avoid losses from its loans.
2. Acquire, hold, and mortgage personal property and real estate and interests in real estate to be used as a project.
3. Purchase, construct, improve, furnish, equip, lease, option, sell, exchange, or otherwise dispose of one or more projects under the terms the authority determines. However, in the lease, sale, or loan agreement relating to a project, the authority shall provide for adequate maintenance of the project.
4. Grant a mortgage, lien, pledge, assignment, or other encumbrance on one or more projects, revenues, or reserve or other funds established in connection with obligations, or with respect to a lease, sale, or loan relating to one or more projects, or a guaranty or insurance agreement relating to one or more projects, or a secured or unsecured interest of the authority in one or more projects or parts of one or more projects.
5. Provide that the interest on obligations may vary in accordance with a base or formula authorized by the authority.
6. Contract for the acquisition, construction, or both of one or more projects or parts of one or more projects and for the leasing, subleasing, sale, or other disposition of one or more projects in a manner determined by the authority.
86 Acts, ch 1212, §4
C87, §220.103
C93, §16.103
2013 Acts, ch 100, §5, 17; 2014 Acts, ch 1080, §70, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.104 - Loan agreements.

16.104 Loan agreements.
1. The authority may enter into loan agreements with one or more borrowers to finance in whole or in part the acquisition of one or more projects by construction or purchase. The repayment obligation of the borrower or borrowers may be unsecured, secured by a mortgage or security agreement, or secured by other security as the authority deems advisable. The repayment obligation may be evidenced by one or more notes of the borrower or borrowers. The loan agreements may contain terms and conditions the authority deems advisable.
2. The authority may issue its bonds and notes for the projects set forth in section 16.102 and may enter into one or more lending agreements or purchase agreements with one or more bondholders or noteholders containing the terms and conditions of the repayment of and the security for the bonds or notes. The authority and the bondholders or noteholders or a trustee or agent designated by the authority may enter into agreements to provide for any of the following:
a. That the proceeds of the bonds and notes and the investments of the proceeds may be received, held, and disbursed by the bondholders or noteholders, or by a trustee or agent designated by the authority.
b. That the bondholders or noteholders or a trustee or agent designated by the authority may collect, invest, and apply the amounts payable under the loan agreements or any other security instruments securing the debt obligations of the borrower or borrowers.
c. That the bondholders or noteholders may enforce the remedies provided in the loan agreements or security instruments on their own behalf without the appointment or designation of a trustee. If there is a default in the principal of or interest on the bonds or notes or in the performance of any agreement contained in the loan agreements or security instruments, the payment or performance may be enforced in accordance with the loan agreement or security instrument.
d. That if there is a default in the payment of the principal or interest on a mortgage or security instrument or if there is a violation of an agreement contained in the mortgage or security instrument, the mortgage or security instrument may be foreclosed or enforced. Collateral may be sold under proceedings or actions permitted by law. A trustee under the mortgage or security agreement or the holder of any bonds or notes secured by the mortgage or security agreement may become a purchaser if the trustee or holder is the highest bidder.
e. Other terms and conditions as deemed necessary or appropriate by the authority.
86 Acts, ch 1212, §5
C87, §220.104
87 Acts, ch 115, §33
C93, §16.104
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.133 - Adoption of rules.

16.133 Adoption of rules.
The authority shall adopt rules pursuant to chapter 17A to implement sections 16.131 and 16.132.
88 Acts, ch 1217, §22
C89, §220.133
C93, §16.133
Referred to in §16.131A
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.133A - Funds and accounts — program funds and accounts not part of state general fund.

16.133A Funds and accounts — program funds and accounts not part of state general fund.
1. The authority may establish and maintain funds and accounts determined to be necessary to carry out the purposes of the program and shall provide for the funding, administration, investment, restrictions, and disposition of the funds and accounts. The department and the authority may combine administration of the revolving loan funds and cross collateralize the same to the extent permitted by the Clean Water Act, the Safe Drinking Water Act, and other applicable federal law. Moneys appropriated to and used by the authority and department for purposes of paying the costs and expenses associated with the administration of the program shall be administered as determined by the authority and department.
2. The funds or accounts held by the authority, or a trustee acting on behalf of the authority pursuant to a trust agreement related to the program, shall not be considered part of the general fund of the state, are not subject to appropriation for any other purpose by the general assembly, and in determining a general fund balance shall not be included in the general fund of the state, but shall remain in the funds and accounts maintained by the authority or trustee pursuant to a trust agreement. Funds and accounts held by the authority, or a trustee acting on behalf of the authority pursuant to a trust agreement related to the program, are separate dedicated funds and accounts under the administration and control of the authority and subject to section 16.31.
2009 Acts, ch 30, §8
Referred to in §16.131, 16.131A, 455B.291
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.134A - Water quality financial assistance fund — appropriation.

16.134A Water quality financial assistance fund — appropriation.
1. A water quality financial assistance fund is created in the state treasury as a revolving fund.
2. The fund shall consist of all of the following:
a. (1) Moneys transferred to the fund pursuant to section 423G.6.
(2) This paragraph “a” is repealed on January 1, 2040.
b. Appropriations made to the fund and transfers of interest, earnings, and moneys from other funds as provided by law.
3. For each fiscal year in the period beginning July 1, 2018, and ending June 30, 2039, there is appropriated the following percentages of the balance of the fund for the following purposes:
a. Forty percent to the Iowa finance authority to support the wastewater and drinking water treatment financial assistance program created in section 16.134.
b. Forty-five percent to the Iowa finance authority to be credited to the water quality financing program fund created pursuant to section 16.153.
c. Fifteen percent to the division of soil conservation and water quality of the department of agriculture and land stewardship to support the water quality urban infrastructure program created in section 466B.44.
4. Moneys in the fund are not subject to section 8.33. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys in the fund shall be credited to the fund.
2018 Acts, ch 1001, §5; 2019 Acts, ch 59, §12; 2021 Acts, ch 143, §35, 36
Referred to in §16.131A, 16.134, 16.153, 423G.6
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.135 - Wastewater viability assessment.

16.135 Wastewater viability assessment.
1. The authority, in cooperation with the department of natural resources and the economic development authority, shall require the use of a wastewater viability assessment for any wastewater treatment facility seeking a grant under the wastewater treatment financial assistance program. A wastewater viability assessment shall determine the long-term operational and financial capacity of the facility and its ratepayers. The authority shall develop minimum criteria for eligibility based on the viability assessment.
2. The authority, in cooperation with the department of natural resources, shall develop a wastewater viability assessment. The assessment shall include as part of the assessment all of the following factors:
a. The ability of the applicant to provide proper oversight and management through a certified operator.
b. The financial ability of the users to support the existing wastewater treatment system, improvements to the wastewater treatment system, and the long-term maintenance of the wastewater treatment system.
2009 Acts, ch 72, §2; 2011 Acts, ch 34, §8; 2011 Acts, ch 118, §85, 89
Referred to in §16.131A
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.141 - Unsewered community revolving loan program — fund.

16.141 Unsewered community revolving loan program — fund.
1. The authority shall establish and administer an unsewered community revolving loan program. Assistance under the program shall consist of no-interest loans with a term not to exceed forty years and shall be used for purposes of installing sewage disposal systems in a city without a sewage disposal system or in an area where a cluster of homes is located.
2. An unsewered community may apply for assistance under the program. In awarding assistance, the authority shall encourage the use of innovative, cost-effective sewage disposal systems and technologies. The authority shall adopt rules that prioritize applications for disadvantaged unsewered communities.
3. For purposes of this section, “an area where a cluster of homes is located” means an area located in the unincorporated area of a county which includes six or more homes but less than five hundred homes.
4. An unsewered community revolving loan fund is created in the state treasury under the control of the authority and consisting of moneys appropriated by the general assembly and any other moneys available to and obtained or accepted by the authority for placement in the fund.
5. Repayments of moneys loaned and recaptures of loans shall be deposited in the fund.
6. Moneys in the fund shall be used to provide assistance under the unsewered community revolving loan program established in this section.
7. Moneys in the fund are not subject to section 8.33. Notwithstanding section 12C.7, interest or earnings on moneys in the fund shall be credited to the fund.
2009 Acts, ch 76, §1
Referred to in §455B.191
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.151 - Definitions.

16.151 Definitions.
As used in this part, unless the context otherwise requires:
1. “Cost” means all costs, charges, expenses, or other indebtedness incurred by a loan recipient and determined by the authority as reasonable and necessary for carrying out all works and undertakings necessary or incidental to the accomplishment of any project.
2. “Eligible entity” means a municipality or a landowner, as determined by the authority, a public utility as defined in section 476.1, a specified industry, or a rural water district or rural water association as defined in section 357A.1.
3. “Loan recipient” means an eligible entity that has received a loan under the program.
4. “Municipality” means a governmental body such as a state agency or a political subdivision of the state. Municipality includes but is not limited to a city, city utility, county, soil and water conservation district, sanitary district, a subdistrict of any of the foregoing districts, a state agency, or other governmental body or corporation empowered to provide sewage collection and treatment services or drinking water, or any entity jointly exercising governmental powers pursuant to chapter 28E or 28F, or any other combination of two or more governmental bodies or corporations acting jointly under the laws of this state in connection with a project.
5. “Program” means the water quality financing program created in this part.
6. “Project” means any combination of improvements, structures, developments, tasks, actions, constructions, modifications, operations, or practices designed to improve water quality that are proposed by an eligible entity and approved by the authority. “Project” includes but is not limited to any of the following:
a. A project meeting the requirements of part 2 of this subchapter.
b. A project, operation, or practice undertaken or carried out to address watershed protection, flood prevention, or water quality improvement.
c. A project meeting the requirements of a sponsor project under section 455B.199.
7. “Specified industry” means any of the following:
a. An entity engaged in an industry identified in the Iowa nutrient reduction strategy, as determined by the authority, which industry is or will be required pursuant to the Iowa nutrient reduction strategy to collect data on the source, concentration, and mass of total nitrogen or total phosphorus in its effluent, and to evaluate alternatives for reducing the amount of nutrients in its discharge.
b. An entity implementing technology or operational improvements to reduce nutrients in its discharge.
2018 Acts, ch 1001, §6; 2018 Acts, ch 1152, §4, 5
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.152 - Water quality financing program.

16.152 Water quality financing program.
1. The authority, in cooperation with the department of natural resources and the department of agriculture and land stewardship, shall establish and administer a water quality financing program. The purpose of the program shall be to provide financial assistance to enhance the quality of surface water and groundwater, particularly by providing financial assistance for projects designed to improve water quality by addressing point and nonpoint sources, with a higher prioritization provided to collaborative efforts.
2. The authority shall determine the interest rate and repayment terms for loans made under the program, in cooperation with the department of natural resources and the department of agriculture and land stewardship, and the authority shall enter into loan agreements with eligible entities in compliance with and subject to the terms and conditions of the program as described in this part.
3. The authority may charge loan recipients fees and assess costs against such recipients necessary for the continued operation of the program. Such fees and costs shall not exceed the costs directly associated with the administration of the program. Fees and costs collected pursuant to this subsection shall be deposited in the appropriate fund or account created in section 16.153.
4. The program shall be administered by the authority in accordance with rules adopted by the authority pursuant to chapter 17A.
2018 Acts, ch 1001, §7
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.154 - Eligible entities — agreements required.

16.154 Eligible entities — agreements required.
1. An eligible entity may apply to the authority for financial assistance under the program by submitting a plan that meets all of the following requirements:
a. The plan includes one or more projects that improve water quality in the local area or watershed. Projects shall use practices identified in the Iowa nutrient reduction strategy.
b. The plan describes in detail the manner in which the projects will be financed and undertaken, including, as applicable, the sources of revenue directed to financing the improvements as well as the eligible entities that will be receiving the revenues and how such revenues will be spent on the projects.
2. The authority shall review and approve or deny applications for financial assistance. The provision of financial assistance under the program shall take into account, as applicable, the number of municipalities, landowners, public utilities, specified industries, rural water districts, or rural water associations comprising an eligible entity and the eligible entity’s financing capacity. The authority shall score applications for financial assistance according to rules adopted pursuant to this part. The authority shall only provide financial assistance to eligible entities that have sufficient financing capacity and that submit an appropriate plan designed to improve water quality.
3. If an application by an eligible entity is approved, the eligible entity may enter into an agreement with the authority for the provision of financial assistance. The agreement shall include standard terms for the receipt of program moneys and any other terms the authority deems necessary or convenient for the efficient administration of the program.
2018 Acts, ch 1001, §9; 2018 Acts, ch 1152, §7, 8; 2019 Acts, ch 59, §13, 14
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.161 - Authority to issue 911 program bonds and notes.

16.161 Authority to issue 911 program bonds and notes.
1. The authority shall assist the program manager, appointed pursuant to section 34A.2A, as provided in chapter 34A, subchapter II, and the authority shall have all of the powers delegated to it by a joint 911 service board or the department of public defense in a chapter 28E agreement with respect to the issuance and securing of bonds or notes and the carrying out of the purposes of chapter 34A.
2. The authority shall provide a mechanism for the pooling of funds of two or more joint 911 service boards to be used for the joint purchasing of necessary equipment and reimbursement of land-line and wireless service providers’ costs for upgrades necessary to provide 911 service. When two or more joint 911 service boards have agreed to pool funds for the purpose of purchasing necessary equipment to be used in providing 911 service, the authority shall issue bonds and notes as provided in sections 34A.20 through 34A.22.
90 Acts, ch 1144, §5
C91, §220.161
C93, §16.161
98 Acts, ch 1101, §1, 2, 16; 99 Acts, ch 96, §3; 2004 Acts, ch 1175, §461; 2018 Acts, ch 1026, §9
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.162 - Authority to issue community college dormitory bonds and notes.

16.162 Authority to issue community college dormitory bonds and notes.
The authority shall assist a community college or the state board of education as provided in chapter 260C, and the authority shall have all of the powers delegated to it in a chapter 28E agreement by a community college board of directors, the state board of education, or a private developer contracting with a community college to develop a housing facility, such as a dormitory, for the community college, with respect to the issuance or securing of bonds or notes as provided in sections 260C.71 and 260C.72.
90 Acts, ch 1253, §75; 90 Acts, ch 1254, §5
C91, §220.162
C93, §16.162
2011 Acts, ch 20, §2
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.181A - Housing trust fund — appropriations.

16.181A Housing trust fund — appropriations.
1. There is appropriated from the rebuild Iowa infrastructure fund to the Iowa finance authority for deposit in the housing trust fund created in section 16.181, for the fiscal year beginning July 1, 2009, and beginning July 1, 2011, and for each succeeding fiscal year, the sum of three million dollars.
2. There is appropriated from the rebuild Iowa infrastructure fund to the Iowa finance authority for deposit in the housing trust fund created in section 16.181, for the fiscal year beginning July 1, 2010 and ending June 30, 2011, the sum of one million dollars.
2008 Acts, ch 1179, §54; 2010 Acts, ch 1184, §84; 2010 Acts, ch 1193, §37