Iowa Administrative Code › Agency 265 - Iowa Finance Authority › Chapter 32 - Iowa Jobs Program › Rule 265-32.2 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
When used in this chapter, the following definitions apply
				unless the context otherwise requires:
"Authority"
or
"IEA "
means
				the Iowa finance authority.
"Board"
means the Iowa jobs board as
				established in 2009 Iowa Acts, Senate File 376, section 5.
"Disaster "
means the severe storms,
				tornadoes, and flooding that occurred in Iowa between May 25, 2008, and August
				13, 2008, and designated by FEMA as FEMA-1763-DR; additionally, the Iowa jobs
				board may, by resolution, designate an event that occurs subsequent to June 15,
				2009, as a disaster
"Financial feasibility"
means the ability of a
				project, once completed, to be maintained and operated for its useful life with
				funds either generated by the project itself or from an identifiable source of
				funds available for such purpose.
"Future flood prevention"
means measures
				intended to mitigate or lessen the damages caused by future flooding.
"Indirect jobs"
means jobs created by
				suppliers of materials used in the construction or operation of the
				project.
"Induced Jobs"
means jobs collaterally created
				throughout the economy by a project as employed workers and firms buy other
				goods and services.
"Iowa Jobs program review committee "
or
"review committee "
means the committee established by 2009
				Iowa Acts, Senate File 376, section 9(2), and constituted as described in this
				chapter
"local infrastructure "
means:
1. Projects relating to disaster
			 rebuilding;
2. Reconstruction and
			 replacement of local public buildings;
3. Flood control and flood protection;
			 and
4. Future flood prevention.
"Local infrastructure" does not include routine, recurring
				maintenance or operational expenses or leasing of a building, appurtenant
				structure, or utility without a lease-purchase agreement.
"local support"
means endorsement of a
				proposed project by local individuals, organizations, or governmental bodies
				that have a substantial interest in a project.
"Program "
means the Iowa jobs program
				established in 2009 Iowa Acts, Senate File 376, sections 5 to 12.
"Public construction project"
means a project
				for the construction of local infrastructure by a county, city, or public
				organization.
"Public organization "
means a nonprofit
				organization that sponsors or supports the public needs of one or more local
				Iowa communities and that was in operation prior to January I, 2009; provided
				that (I) such organization is described in Section 501(c)(3) or 501(c)(4) of
				the Internal Revenue Code and is exempt from federal tax under Section 501(a)
				of the Internal Revenue Code, and (2) such organization is determined by the
				board not to be affiliated with or controlled by a for-profit
				organization.
"Recipient"
means an entity under contract
				with the Iowa jobs board to receive Iowa jobs funds and undertake a funded
				project.
"Sustainability"
means the use, development,
				and protection of resources at a rate and in a manner that enables people to
				meet their current needs while allowing future generations to meet their own
				needs; "sustainability" requires simultaneously meeting environmental, economic
				and community needs.