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Iowa Code § 16.1A

Creation — administration of programs

Redline — January 1, 2014 → current.View current text →
Current — January 1, 2026
As of January 1, 2014
1. The Iowa finance authority is created, and constitutes a public instrumentality and agency of the state exercising public and essential governmental functions.
1. The Iowa finance authority is created, and constitutes a public instrumentality and agency of the state exercising public and essential governmental functions.
2. The authority shall undertake and administer the following:
2. The authority shall undertake and administer all of the following:
a. Programs established under this chapter to assist in attainment of adequate housing for low- or moderate-income families, elderly families, and families which include one or more persons with disabilities, and to undertake the various finance programs under this chapter.
b. Programs which assist qualified farmers or agricultural producers, including beginning farmers, as provided in chapter 175.
a. Programs established under this chapter.
b. Programs established by the authority which the authority finds useful and convenient to further goals of the authority and which are consistent with the legislative findings. Such programs shall be administered in accordance with subchapter III. Such additional programs shall be administered in accordance with rules, if any, which the authority determines useful and convenient to adopt pursuant to chapter 17A.
3. The Iowa finance authority board of directors shall have general control, supervision, and regulation of all programs described in this section.
3. The Iowa finance authority board of directors shall have general control, supervision, and regulation of all authority programs established under this chapter and chapter 175. The authority is charged with the broad administrative authority to make, administer, interpret, construe, repeal, and execute the rules, and to administer, interpret, construe, and execute the laws of this state relating to such programs. The board may, by resolution, delegate to the agricultural development board, executive director, or other authority employee such of its powers, under such terms and conditions, as it deems appropriate.
4. The authority is charged with the broad administrative authority to make, administer, interpret, construe, repeal, and execute the rules, and to administer, interpret, construe, and execute the laws of this state relating to such programs.
NEW section
5. The board may, by resolution, delegate to the agricultural development board, director, or other authority employee such of its powers, under such terms and conditions, as it deems appropriate.
Subsection 5 amended

Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.