reglab/statecodes huggingface dataset:
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.2B - Agricultural development division — administration of programs.

16.2B Agricultural development division — administration of programs.
1. An agricultural development division is created within the authority. The agricultural development division shall administer subchapter VIII, by providing assistance to beginning farmers, agricultural producers, or other persons qualifying for such assistance under subchapter VIII.
2. The agricultural development division shall be administered in accordance with the policies of the agricultural development board created in section 16.2C. The executive director of the authority may organize the agricultural development division and employ necessary qualified personnel to administer subchapter VIII.
3. The agricultural development division shall, to every extent practical, assist persons to do all of the following:
a. Acquire agricultural land, agricultural improvements, or depreciable agricultural property, including as provided in subchapter VIII.
b. Claim beginning farmer tax credits, including tax credit certificates issued pursuant to subchapter VIII, part 5, subpart B.
c. Obtain financing for other capital requirements or operating expenses.
4. The net earnings of the agricultural development division, beyond that necessary for retirement of its notes, bonds, or other obligations or to implement the public purposes and programs authorized in subchapter VIII, shall not inure to the benefit of any person other than the state.
2014 Acts, ch 1080, §8, 78; 2015 Acts, ch 30, §14; 2019 Acts, ch 161, §4, 18, 19
Referred to in §16.2C
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.2E - Legislative findings — general.

16.2E Legislative findings — general.
The general assembly finds and declares all of the following:
1. The establishment of the authority is in all respects for the benefit of the people of the state of Iowa, for the improvement of their health and welfare, and for the promotion of the economy, which are public purposes.
2. The authority will be performing an essential governmental function in the exercise of the powers and duties conferred upon it by this chapter.
3. All of the purposes stated in this chapter are public purposes and uses for which public moneys may be borrowed, expended, advanced, loaned, or granted.
2014 Acts, ch 1080, §11, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.4B - Guiding principles — agricultural development.

16.4B Guiding principles — agricultural development.
In the performance of its duties, implementation of its powers, and the selection of specific programs and projects to receive its assistance under subchapter VIII, the authority shall be guided by the following precatory principles:
1. The authority shall not become an owner of real or depreciable property, except on a temporary basis where necessary in order to implement its programs, to protect its investments by means of foreclosure or other means, or to facilitate transfer of real or depreciable property for the use of beginning farmers.
2. The authority shall exercise diligence and care in selection of projects to receive its assistance and shall apply customary and acceptable business and lending standards in selection and subsequent implementation of the projects. The authority may delegate primary responsibility for determination and implementation of the projects to any federal governmental agency which assumes any obligation to repay the loan, either directly or by insurance or guaranty.
3. The authority shall develop programs for providing financial assistance to agricultural producers in this state.
2014 Acts, ch 1080, §15, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.4C - Legislative findings — title guaranty.

16.4C Legislative findings — title guaranty.
The general assembly finds and declares that the abstract attorney’s title opinion system promotes land title stability for determining the marketability of land titles and is a public purpose. A public purpose is served by providing, as an adjunct to the abstract attorney’s title opinion system, a low-cost mechanism to provide for additional guaranties of real property titles in Iowa. The title guaranties facilitate mortgage lenders’ participation in the secondary market and add to the integrity of the land-title transfer system in the state.
2014 Acts, ch 1080, §16, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.4D - Legislative findings — economic development.

16.4D Legislative findings — economic development.
The general assembly finds and declares all of the following:
1. Economic development and expansion of business, industry, and farming in the state is dependent upon the availability of financing of the development and expansion at affordable interest rates.
2. The pooling of private financing enhances the marketability of the obligations involved and increases access to other state, regional, and national credit markets.
3. The creation of an economic development program as provided in section 16.102 will make the pooling of private financing available to small businesses, farmers, agricultural landowners and operators, and commercial, industrial, and other business enterprises at favorable interest rates with reduced marketing costs.
2014 Acts, ch 1080, §17, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.5D - Specific powers and duties — agricultural development.

16.5D Specific powers and duties — agricultural development.
The authority has all of the general and specific powers needed to carry out its purposes and duties as provided in this subchapter and to exercise its specific powers under subchapter VIII.
2014 Acts, ch 1080, §20, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.6 - Executive director — responsibilities.

16.6 Executive director — responsibilities.
1. The governor, subject to confirmation by the senate, shall appoint an executive director of the authority, who shall serve at the pleasure of the governor. The executive director shall be selected primarily for administrative ability and knowledge in the field, without regard to political affiliation. The executive director shall not, directly or indirectly, exert influence to induce any other officers or employees of the state to adopt a political view, or to favor a political candidate for office.
2. The executive director shall advise the authority on matters relating to housing and housing finance, carry out all directives from the authority, and hire and supervise the authority’s staff pursuant to its directions. All employees of the authority are exempt from the merit system provisions of chapter 8A, subchapter IV.
3. The executive director, as secretary of the authority, shall keep a record of the proceedings of the authority and shall be custodian of all books, documents, and papers filed with the authority and of its minute book and seal. The executive director shall have authority to cause to be made copies of all minutes and other records and documents of the authority and to give certificates under the seal of the authority to the effect that such copies are true copies and all persons dealing with the authority may rely upon such certificates.
4. The executive director may establish administrative divisions within the authority in order to most efficiently and effectively carry out the authority’s responsibilities, provided that any creation or modification of authority divisions be established only after consultation with the board of the authority.
[C77, 79, 81, §220.6]
86 Acts, ch 1237, §10; 88 Acts, ch 1158, §50; 89 Acts, ch 302, §11
C93, §16.6
2009 Acts, ch 43, §3; 2013 Acts, ch 30, §5
Referred to in §16.1
Confirmation, see §2.32
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.7 - Annual report.

16.7 Annual report.
1. The authority shall submit to the governor and to the general assembly, not later than January 15 each year, an annual report.
2. The annual report shall contain at least three parts which include all of the following:
a. A general description of the authority setting forth:
(1) Operations and accomplishments.
(2) Receipts and expenditures during the fiscal year, in accordance with the classifications the authority establishes for its operating and capital accounts.
(3) Assets and liabilities at the end of the fiscal year and the status of reserve, special, and other funds.
(4) A schedule of bonds and notes outstanding at the end of the fiscal year, together with a statement of the amounts redeemed and issued during the fiscal year.
(5) A statement of proposed and projected activities.
(6) Recommendations to the general assembly, as the authority deems necessary.
(7) Performance goals of the authority, clearly indicating the extent of progress during the reporting period in attaining the goals.
b. A summary of housing programs administered under this chapter. The summary shall include an analysis of current housing needs in this state. Where possible, results shall be expressed in terms of housing units.
c. A summary of agricultural development programs administered under subchapter VIII. Where possible, findings and results shall be expressed in terms of number of loans, tax credits, participating qualified beginning farmers, and acres of agricultural land, by county.
[C77, 79, 81, §220.7]
C93, §16.7
2014 Acts, ch 1080, §21, 78; 2015 Acts, ch 30, §16
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.9 - Nondiscrimination and affirmative action.

16.9 Nondiscrimination and affirmative action.
In administering its programs under this chapter, the authority shall comply with all applicable state and federal laws relating to nondiscrimination and affirmative action.
[C77, 79, 81, §220.9]
C93, §16.9
96 Acts, ch 1129, §113; 2014 Acts, ch 1080, §22, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.11 - Assistance by state officers, agencies, and departments.

16.11 Assistance by state officers, agencies, and departments.
State officers and state departments and agencies may render services to the authority within their respective functions as requested by the authority.
2014 Acts, ch 1080, §23, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.13 - Conflicts of interest.

16.13 Conflicts of interest.
1. As used in this section, “member” means each individual appointed to any of the following:
a. The board of directors of the authority created pursuant to section 16.2.
b. The board of directors of the agricultural development division created pursuant to section 16.2C.
2. a. If a member or employee of the authority other than the executive director of the authority has an interest, either direct or indirect, in a contract to which the authority is, or is to be, a party, or in a mortgage lender requesting a loan from, or offering to sell mortgage loans to, the authority, the interest shall be disclosed to the authority in writing and shall be set forth in the minutes of the authority. The member or employee having the interest shall not participate in any action of the authority with respect to that contract or mortgage lender.
b. A violation of a provision of this subsection is misconduct in office under section 721.2. However, a resolution of the authority is not invalid because of a vote cast by a member in violation of this subsection unless the vote was decisive in the passage of the resolution.
c. For the purposes of this subsection, “action of the authority with respect to that contract or mortgage lender” means only an action directly affecting a separate contract or mortgage lender, and does not include an action which benefits the general public or which affects all or a substantial portion of the contracts or mortgage lenders included in a program of the authority.
3. Nothing in this section shall be deemed to limit the right of a member, officer, or employee of the authority to acquire an interest in bonds or notes of the authority or to limit the right of a member, officer, or employee other than the executive director to have an interest in a financial institution, including a lending institution, in which the funds of the authority are, or are to be, deposited or which is, or is to be, acting as trustee or paying agent under a trust indenture to which the authority is a party.
4. The executive director shall not have an interest in a financial institution, including a lending institution, in which the funds of the authority are, or are to be, deposited or which is, or is to be, acting as trustee or paying agent under a trust indenture to which the authority is a party. The executive director shall not receive, in addition to fixed salary or compensation, any money or valuable thing, either directly or indirectly, or through any substantial interest in any other corporation or business unit, for negotiating, procuring, recommending, or aiding in any purchase or sale of property, or loan, made by the authority, nor shall the executive director be pecuniarily interested, either as principal, coprincipal, agent, or beneficiary, either directly or indirectly, or through any substantial interest in any other corporation or business unit, in any such purchase, sale, or loan.
2014 Acts, ch 1080, §24, 78
Referred to in §16.16
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.16 - Liability.

16.16 Liability.
1. A member, as defined in section 16.13, or a person acting on behalf of the authority while acting within the scope of the member’s or person’s agency or employment, is not subject to personal liability resulting from carrying out the powers and duties in this chapter.
2. The United States and the secretary of agriculture of the United States are not subject to liability by virtue of the transfer of the assets to the authority under this chapter.
3. The treasurer of state shall not be subject to personal liability resulting from carrying out the powers and duties of the authority or the treasurer of state, as applicable, in subchapter X, part 10.
2014 Acts, ch 1080, §25, 78; 2015 Acts, ch 30, §17
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.17 - Rules.

16.17 Rules.
1. The authority shall adopt pursuant to chapter 17A all rules necessary to administer this chapter.
2. The authority may adopt rules which establish further definitions applicable to this chapter and clarify the definitions in this chapter, as the authority deems convenient and necessary to carry out the public purposes of this chapter including all the following:
a. Any rules necessary to assure eligibility for funds available under federal housing laws, or to assure compliance with federal tax laws relating to the issuance of tax exempt bonds pursuant to the Internal Revenue Code or relating to the allowance of low-income credits under Internal Revenue Code §42.
b. Any rule necessary to assure eligibility for funds, insurance, or guaranties available under federal laws and to carry out the public purposes of subchapter VIII.
3. The authority may adopt rules relating to the purchase and sale of residential mortgage loans and the sale of mortgage-backed securities.
2014 Acts, ch 1080, §26, 78; 2015 Acts, ch 30, §18
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.18 - Inconsistent provisions.

16.18 Inconsistent provisions.
This chapter takes precedence over any conflicting provisions contained in section 535.8, subsection 4, with respect to the use or enforcement of a due-on-sale or similar clause in a mortgage loan agreement, and takes precedence over any conflicting provisions contained in laws enacted after July 1, 1981, with respect to the use or enforcement of a due-on-sale or similar clause in a mortgage loan agreement unless those laws expressly provide that they take precedence over this chapter.
2014 Acts, ch 1080, §27, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.22 - Application of funds from sales of obligations.

16.22 Application of funds from sales of obligations.
All moneys received by or on behalf of the authority, whether as proceeds from the sale of obligations or as revenues, are trust funds to be held and applied solely for the purposes specified in the appropriation, bond resolution, or other document authorizing receipt of the moneys by the authority. A person with which the moneys are deposited shall act as trustee of the moneys and shall hold and apply the moneys for the purposes specified in this chapter subject to limitations specified in this chapter and in the bond resolution authorizing the issuance of the obligations.
2014 Acts, ch 1080, §29, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.27A - Powers relating to loans.

16.27A Powers relating to loans.
Subject to any agreement with bondholders or noteholders, the authority may renegotiate a mortgage or secured loan or a loan to a lending institution in default, waive a default or consent to the modification of the terms of a mortgage or secured loan or a loan to a lending institution, forgive or forbear all or part of a mortgage or secured loan or a loan to a lending institution, and commence, prosecute, and enforce a judgment in any action, including but not limited to a foreclosure action, to protect or enforce any right conferred upon it by law, mortgage or secured loan agreement, contract, or other agreement, and in connection with any action, bid for and purchase the property or acquire or take possession of it, complete, administer, pay the principal of and interest on any obligations incurred in connection with the property, and dispose of and otherwise deal with the property in a manner the authority deems advisable to protect its interests.
2014 Acts, ch 1080, §32, 78; 2015 Acts, ch 30, §20
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.28 - Remedies of bondholders and noteholders.

16.28 Remedies of bondholders and noteholders.
1. If the authority defaults in the payment of principal or interest on an issue of bonds or notes after they become due, whether at maturity or upon call for redemption, and the default continues for a period of thirty days, or if the authority fails or refuses to comply with the provisions of this chapter, or defaults in an agreement made with the holders of an issue of bonds or notes, the holders of twenty-five percent in aggregate principal amount of bonds or notes of the issue then outstanding, by instrument filed in the office of the clerk of the county in which the principal office of the authority is located, and proved or acknowledged in the same manner as a deed to be recorded, may appoint a trustee to represent the holders of the bonds or notes for the purposes provided in this section.
2. a. The authority or any trustee appointed under the indenture under which the bonds are issued may, and upon written request of the holders of twenty-five percent in aggregate principal amount of the issue of bonds or notes then outstanding shall:
(1) Enforce all rights of the bondholders or noteholders, including the right to require the authority to carry out its agreements with the holders and to perform its duties under this chapter.
(2) Bring suit upon the bonds or notes.
(3) By action require the authority to account as if it were the trustee of an express trust for the holders.
(4) By action enjoin any acts or things which are unlawful or in violation of the rights of the holders.
(5) Declare all the bonds or notes due and payable and if all defaults are made good then with the consent of the holders of twenty-five percent of the aggregate principal amount of the issue of bonds or notes then outstanding, annul the declaration and its consequences.
b. The bondholders or noteholders, to the extent provided in the resolution by which the bonds or notes were issued or in their agreement with the authority, may enforce any of the remedies in paragraph “a”, subparagraphs (1) through (5) or the remedies provided in those agreements for and on their own behalf.
3. The trustee shall also have and possess all powers necessary or appropriate for the exercise of functions specifically set forth or incident to the general representation of bondholders or noteholders in the enforcement and protection of their rights.
4. Before declaring the principal of bonds or notes due and payable, the trustee shall first give thirty days’ notice in writing to the governor, to the authority and to the attorney general of the state.
5. The district court has jurisdiction of any action by the trustee on behalf of bondholders or noteholders. The venue of the action shall be in the county in which the principal office of the authority is located.
[C77, 79, 81, §220.28; 82 Acts, ch 1187, §6]
C93, §16.28
2008 Acts, ch 1032, §130; 2017 Acts, ch 29, §17
Referred to in §16.26, 16.51, 16.57, 16.83, 16.84, 16.131, 34A.20, 260C.71
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.29 - Agreement of the state.

16.29 Agreement of the state.
The state pledges and agrees with the holders of any bonds or notes that the state will not limit or alter the rights vested in the authority to fulfill the terms of agreements made with the holders or in any way to impair the rights and remedies of the holders until the bonds or notes together with the interest on them, plus interest on unpaid installments of interest, and all costs and expenses in connection with an action by or on behalf of the holders are fully met and discharged. The authority may include this pledge and agreement of the state in any agreement with the holders of bonds or notes.
2014 Acts, ch 1080, §33, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.30 - Bonds and notes as legal investments.

16.30 Bonds and notes as legal investments.
Bonds and notes of the authority are securities in which public officers, state departments and agencies, political subdivisions, insurance companies, and other persons carrying on an insurance business, banks, trust companies, savings associations, investment companies and other persons carrying on a banking business, administrators, executors, guardians, conservators, trustees and other fiduciaries, and other persons authorized to invest in bonds or other obligations of this state, may properly and legally invest funds including capital in their control or belonging to them. The bonds and notes are also securities which may be deposited with and may be received by public officers, state departments and agencies, and political subdivisions, for any purpose for which the deposit of bonds or other obligations of this state is authorized.
[C77, 79, 81, §220.30]
C93, §16.30
2012 Acts, ch 1017, §41
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.31 - Moneys of the authority.

16.31 Moneys of the authority.
1. Moneys of the authority from whatever source derived, except as otherwise provided in this chapter, shall be paid to the authority and shall be deposited in a bank or other financial institution designated by the authority. The moneys shall be withdrawn on the order of the person authorized by the authority. Deposits shall, if required by the authority, be secured in the manner determined by the authority. The auditor of state and the auditor’s legally authorized representatives may periodically examine the accounts and books of the authority, including its receipts, disbursements, contracts, leases, sinking funds, investments and any other records and papers relating to its financial standing, and the authority shall not be required to pay a fee for the examination.
2. The authority may contract with holders of its bonds or notes as to the custody, collection, security, investment, and payment of moneys of the authority, of moneys held in trust or otherwise for the payment of bonds or notes, and to carry out the contract. Moneys held in trust or otherwise for the payment of bonds or notes or in any way to secure bonds or notes and deposits of the moneys may be secured in the same manner as moneys of the authority, and banks and trust companies may give security for the deposits.
3. Subject to the provisions of any contract with bondholders or noteholders and to the approval of the director of the department of administrative services, the authority shall prescribe a system of accounts.
4. The authority shall submit to the governor, the auditor of state, the department of management, and the department of administrative services, within thirty days of its receipt by the authority, a copy of the report of every external examination of the books and accounts of the authority other than copies of the reports of examinations made by the auditor of state.
[C77, 79, 81, §220.31]
88 Acts, ch 1158, §51
C93, §16.31
2003 Acts, ch 145, §286
Referred to in §16.133A, 16.153, 455B.295
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.32 - Surplus moneys — loan and grant fund.

16.32 Surplus moneys — loan and grant fund.
1. Moneys declared by the authority to be surplus moneys which are not required to service bonds and notes issued by the authority, to pay administrative expenses of the authority, or to accumulate necessary operating or loss reserves, shall be used by the authority to provide grants, loans, subsidies, and services or assistance through programs authorized in this chapter.
2. The authority may establish a loan and grant fund which may be comprised of the proceeds of appropriations, grants, contributions, surplus moneys transferred as provided in this section, and repayment of authority loans made from such fund.
2014 Acts, ch 1080, §34, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.34A - Special definition.

16.34A Special definition.
As used in this subchapter, unless the context otherwise requires, “state housing credit ceiling” means the state housing credit ceiling as defined in Internal Revenue Code §42(h)(3)(C).
2014 Acts, ch 1080, §35, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.35 - State housing credit ceiling allocation.

16.35 State housing credit ceiling allocation.
1. The authority is designated the housing credit agency for the allowance of low-income housing credits under the state housing credit ceiling.
2. The authority shall adopt rules and allocation procedures which will ensure the maximum use of available tax credits in order to encourage development of low-income housing in the state. The authority shall consider the following factors in the adoption and application of the allocation rules:
a. Timeliness of the application.
b. Location of the proposed housing project.
c. Relative need in the proposed area for low-income housing.
d. Availability of low-income housing in the proposed area.
e. Economic feasibility of the proposed project.
f. Ability of the applicant to proceed to completion of the project in the calendar year for which the credit is sought.
3. The authority shall adopt rules specifying the application procedure and the allowance of low-income housing credits under the state housing credit ceiling.
2014 Acts, ch 1080, §36, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.36 - Participation in federal housing assistance payments program.

16.36 Participation in federal housing assistance payments program.
The authority shall participate in the housing assistance payments program under section 8 of the United States Housing Act of 1937, as amended by §201 of the Housing and Community Development Act of 1974, Pub. L. No. 93-383, codified at 42 U.S.C. §1437 et seq.
2014 Acts, ch 1080, §37, 78
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.40 - Housing assistance fund.

16.40 Housing assistance fund.
1. A housing assistance fund is created within the authority. The moneys in the fund shall be used by the authority to protect, preserve, create, and improve access to safe and affordable housing. The authority shall establish programs utilizing the fund by administrative rules adopted pursuant to chapter 17A and provide the requirements for the proper administration of the programs.
2. Moneys in the fund, including moneys which are annually appropriated to the authority, may be allocated for any use authorized by this chapter unless otherwise specified.
3. The authority may use moneys in the fund to provide financial assistance to a housing sponsor or an individual in the form of a loan, loan guaranty, grant, or interest subsidy, or by other means under the general powers of the authority.
4. Moneys in the fund may be used for but are not limited to the following purposes:
a. Home ownership programs including all of the following:
(1) Authority bond issues and loans to facilitate and ensure equal access across the state to funds for first-time homebuyers programs.
(2) Home ownership incentive programs not restricted to first-time homebuyers, including down payment and closing costs assistance.
(3) Programs for home maintenance and repair, new construction, acquisition, and rehabilitation.
(4) Support for home ownership education and counseling programs.
b. Rental programs, including rental subsidy, rehabilitation, preservation, new construction, and acquisition.
c. Programs that provide a continuum of housing services, including construction, operation, and maintenance of homeless shelters, domestic violence shelters, and transitional housing and supportive services to lower income and very low-income families.
d. Technical assistance programs that increase the capacity of for-profit and nonprofit housing entities.
5. Notwithstanding section 8.33, moneys in the housing assistance fund at the end of each fiscal year shall not revert to the general fund or any other fund but shall remain in the housing assistance fund for expenditure for subsequent fiscal years.
6. The authority may establish, by rule adopted pursuant to chapter 17A, an annual administration fee to be charged to the housing assistance fund. The annual fee shall not exceed four percent of the moneys, loans, or other assets held in the fund.
7. During each regular session of the general assembly, the authority shall present to the appropriate joint appropriations subcommittee a report concerning the total estimated resources to be available for expenditure under this section for the next fiscal year and the amount the authority proposes to allocate to each program created pursuant to this section.
85 Acts, ch 252, §29
CS85, §220.40
88 Acts, ch 1145, §1
C93, §16.40
97 Acts, ch 201, §18; 2007 Acts, ch 54, §24; 2014 Acts, ch 1080, §40, 78
Referred to in §16.56, 16.91
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.41 - Shelter assistance fund.

16.41 Shelter assistance fund.
1. A shelter assistance fund is created as a revolving fund in the state treasury under the control of the authority consisting of any moneys appropriated by the general assembly and received under section 428A.8 for costs of operations of shelters for the homeless and domestic violence shelters, essential services for the homeless, and evaluation and reporting of services for the homeless. Each fiscal year, moneys in the fund, in an amount equal to not more than three percent of the total moneys distributed as grants from the fund during the fiscal year, may be used for purposes of administering the fund.
2. The authority shall award grants to qualified applicants on a competitive basis. The authority shall establish application procedures, requirements, priorities, and maximum and minimum grant award amounts for each grant competition.
3. Notwithstanding section 8.33, all moneys in the shelter assistance fund which remain unexpended or unobligated at the close of the fiscal year shall not revert to the general fund of the state but shall remain available for expenditure for subsequent fiscal years.
2010 Acts, ch 1031, §265; 2011 Acts, ch 130, §28, 71; 2015 Acts, ch 25, §2, 3; 2017 Acts, ch 33, §2
Referred to in §428A.8
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.46 - Senior living revolving loan program fund.

16.46 Senior living revolving loan program fund.
1. A senior living revolving loan program fund is created within the authority. The moneys in the senior living revolving loan program fund shall be used by the authority for the development and operation of a revolving loan program to provide financing to construct affordable assisted living and service-enriched affordable housing for seniors and persons with disabilities, including through new construction or acquisition and rehabilitation.
2. Moneys transferred by the authority for deposit in the senior living revolving loan program fund, moneys appropriated to the senior living revolving loan program, and any other moneys available to and obtained or accepted by the authority for placement in the senior living revolving loan program fund shall be deposited in the fund. Additionally, payment of interest, recaptures of awards, and other repayments to the senior living revolving loan program fund shall be deposited in the fund. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys in the senior living revolving loan program fund shall be credited to the fund. Notwithstanding section 8.33, moneys that remain unencumbered or unobligated at the end of the fiscal year shall not revert but shall remain available for the same purpose in the succeeding fiscal year.
3. The authority shall annually allocate moneys available in the senior living revolving loan program fund for the development of affordable assisted living and service-enriched affordable housing for seniors and persons with disabilities. The authority shall develop a joint application process for the allocation of federal low-income housing tax credits and funds available under this section. Moneys allocated to such developments may be in the form of loans, grants, or a combination of loans and grants.
2014 Acts, ch 1080, §41, 78
Referred to in §16.45, 16.57A
For provisions relating to financial assistance to border county hospitals, see
2014 Acts, ch 1132, §42, 43
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.47 - Home and community-based services revolving loan program fund.

16.47 Home and community-based services revolving loan program fund.
1. A home and community-based services revolving loan program fund is created within the authority to further the goals specified in section 231.3, adult day services, case management services, options counseling, family caregiving, homemaker services, respite services, congregate and home delivered meals, health and wellness, health screening, and nutritional assessments. The moneys in the home and community-based services revolving loan program fund shall be used by the authority for the development and operation of a revolving loan program to develop and expand facilities and infrastructure that provide adult day services, case management services, options counseling, family caregiving, homemaker services, respite services, congregate and home delivered meals, and programming space for health and wellness, health screening, and nutritional assessments that address the needs of persons with low incomes.
2. Moneys transferred by the authority for deposit in the home and community-based services revolving loan program fund, moneys appropriated to the home and community-based services revolving loan program, and any other moneys available to and obtained or accepted by the authority for placement in the home and community-based services revolving loan program fund shall be deposited in the fund. Additionally, payment of interest, recaptures of awards, and other repayments to the home and community-based services revolving loan program fund shall be deposited in the fund. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys in the home and community-based services revolving loan program fund shall be credited to the fund. Notwithstanding section 8.33, moneys that remain unencumbered or unobligated at the end of the fiscal year shall not revert but shall remain available for the same purpose in the succeeding fiscal year.
3. The authority, in cooperation with the department on aging, shall annually allocate moneys available in the home and community-based services revolving loan program fund to develop and expand facilities and infrastructure that provide adult day services, respite services, congregate meals, and programming space for health and wellness, health screening, and nutritional assessments that address the needs of persons with low incomes.
2014 Acts, ch 1080, §42, 78; 2020 Acts, ch 1063, §11
Referred to in §16.45, 16.57A
For provisions relating to financial assistance to border county hospitals, see
2014 Acts, ch 1132, §42, 43
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.48 - Transitional housing revolving loan program fund.

16.48 Transitional housing revolving loan program fund.
1. A transitional housing revolving loan program fund is created within the authority to further the availability of affordable housing for parents that are reuniting with their children while completing or participating in substance abuse treatment. The moneys in the fund are annually appropriated to the authority to be used for the development and operation of a revolving loan program to provide financing to construct affordable transitional housing, including through new construction or acquisition and rehabilitation of existing housing. The housing provided shall be geographically located in close proximity to licensed substance abuse treatment programs. Preference in funding shall be given to projects that reunite mothers with the mothers’ children.
2. Moneys transferred by the authority for deposit in the transitional housing revolving loan program fund, moneys appropriated to the transitional housing revolving loan program, and any other moneys available to and obtained or accepted by the authority for placement in the fund shall be deposited in the fund. Additionally, payment of interest, recaptures of awards, and other repayments to the transitional housing revolving loan program fund shall be credited to the fund. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys in the transitional housing revolving loan program fund shall be credited to the fund. Notwithstanding section 8.33, moneys that remain unencumbered or unobligated at the close of the fiscal year shall not revert but shall remain available for the same purpose in the succeeding fiscal year.
3. The authority shall annually allocate moneys available in the transitional housing revolving loan program fund for the development of affordable transitional housing for parents that are reuniting with the parents’ children while completing or participating in substance abuse treatment. The authority shall develop a joint application process for the allocation of federal low-income housing tax credits and the funds available under this section. Moneys allocated to such projects may be in the form of loans, grants, or a combination of loans and grants.
2014 Acts, ch 1080, §43, 78
Referred to in §16.45, 16.57A
For provisions relating to financial assistance to border county hospitals, see
2014 Acts, ch 1132, §42, 43
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.50 - Workforce housing assistance grant fund.

16.50 Workforce housing assistance grant fund.
1. A workforce housing assistance grant fund is created under the control of the authority. The fund shall consist of appropriations made to the fund. The fund shall be separate from the general fund of the state and the balance in the fund shall not be considered part of the balance of the general fund of the state. However, the fund shall be considered a special account for the purposes of section 8.53, relating to generally accepted accounting principles.
2. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys in the fund shall be credited to the fund.
3. a. Moneys in the fund in a fiscal year are appropriated to the authority to be used for grants for projects that create workforce housing or for projects that include adaptive reuse of buildings for workforce housing. For purposes of this section, “workforce housing” means housing that is affordable for a household whose income does not exceed one hundred twenty percent of the median income for the area.
b. Priority shall be given to the following types of projects:
(1) Projects that are eligible for historic preservation tax credits under chapter 404A.
(2) Projects for the construction of new single-family dwellings that incorporate one or more energy-efficient measures. The authority shall by rule identify the types of energy-efficient measures that will qualify a project for priority under this subparagraph.
(3) Projects that utilize new markets tax credits, established under the federal Community Renewal Tax Relief Act of 2000, Pub. L. No. 106-554, 114 Stat. 2763A, and undertaken by a qualified community development entity, as defined in the federal Act.
(4) Projects that are located in an area where other state funding has been used to support the creation of new jobs.
c. In any fiscal year, an area shall not receive grants totaling more than twenty-five percent of the moneys expended from the fund in that fiscal year. For purposes of this paragraph, “area” means the same area used to determine the median income under paragraph “a”.
4. Annually, on or before January 15 of each year, the authority shall report to the legislative services agency and the department of management the status of all projects that received moneys from the workforce housing assistance grant fund. The report shall include a description of each project, the progress of work completed, the total estimated cost of each project, a list of all revenue sources being used to fund each project, the amount of funds expended, the amount of funds obligated, and the date each project was completed or an estimated completion date of each project, where applicable.
5. Payment of moneys from appropriations from the fund shall be made in a manner that does not adversely affect the tax exempt status of any outstanding bonds issued by the treasurer of state pursuant to section 12.87.
2014 Acts, ch 1080, §45, 78; 2015 Acts, ch 30, §21; 2017 Acts, ch 29, §18
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.53 - Residential reverse annuity mortgage model program.

16.53 Residential reverse annuity mortgage model program.
The authority may develop a model reverse annuity mortgage conforming to the requirements of this chapter, and may offer reverse annuity mortgages to qualified participants.
89 Acts, ch 267, §10
CS89, §220.53
C93, §16.53
2007 Acts, ch 54, §25
Iowa finance authority authorized to issue bonds for the residential reverse annuity mortgage model program, to be repaid from program proceeds;
89 Acts, ch 267, §11
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.55 - Home and community-based services rent subsidy program.

16.55 Home and community-based services rent subsidy program.
The authority shall establish and administer a home and community-based services rent subsidy program. Under the program, the authority shall provide rent subsidies to those persons who are approved participants under a home and community-based services Medicaid waiver, and to those individuals who are approved participants in the federal money follows the person grant program under the medical assistance program. If the authority utilizes a waiting list for purposes of the program, the authority shall give priority to a person participating in the state’s money follows the person partnership for community integration project who has been assigned to work with a transition specialist.
2017 Acts, ch 33, §3
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 16 - IOWA FINANCE AUTHORITY › Section 16.56 - Jumpstart housing assistance program.

16.56 Jumpstart housing assistance program.
1. As used in this section, unless the context otherwise requires:
a. “Disaster-affected home” means a primary residence that was destroyed or damaged due to a natural disaster occurring after May 24, 2008, and before August 14, 2008.
b. “Local government participant” means the cities of Ames, Cedar Falls, Cedar Rapids, Council Bluffs, Davenport, Des Moines, Dubuque, Iowa City, Waterloo, and West Des Moines; a council of governments whose territory includes at least one county that was declared a disaster area by the president of the United States after May 24, 2008, and before August 14, 2008; and any county that is not part of any council of governments and was declared a disaster area by the president of the United States after May 24, 2008, and before August 14, 2008.
2. The authority shall establish and administer a jumpstart housing assistance program. Under the program, the authority shall provide grants to local government participants for purposes of distributing the moneys to eligible residents for eligible purposes which relate to disaster-affected homes.
3. An eligible resident is a person residing in a disaster-affected home who is the owner of record of a right, title, or interest in the disaster-affected home and who has been approved by the federal emergency management agency for housing assistance. An eligible resident must have a family income equal to or less than one hundred fifty percent of the area median family income.
4. Eligible purposes include forgivable loans for down payment assistance, emergency housing repair or rehabilitation, and interim mortgage assistance. An eligible resident who receives a forgivable loan may also receive energy efficiency assistance which shall be added to the principal of the forgivable loan.
5. A local government participant may retain a portion of the grant moneys for administrative purposes as provided in a grant agreement between the authority and the local government participant.
6. Any money paid to a local government participant by an eligible resident shall be remitted to the authority for deposit in the housing assistance fund created in section 16.40.
7. As determined by the authority, unused or unobligated moneys may be reclaimed and reallocated by the authority to other local government participants.
2014 Acts, ch 1080, §46, 78