Iowa Code § 16.2B
Agricultural development division — administration of programs
Redline — January 1, 2016 → current.View current text →
Current — January 1, 2025
As of January 1, 2016
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.
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.
2. The agricultural development division shall be administered in accordance with the policies of the agricultural development board created in section 16.2C. The 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:
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.
a. Acquire agricultural land, agricultural improvements, or depreciable agricultural property, including as provided in subchapter VIII.
b. Obtain agricultural assets transfer tax credits, including tax credit certificates issued pursuant to subchapter VIII, part 5.
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.
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.
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.
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Subsection 5 stricken per its own terms effective July 1, 2015; 2014 Acts, ch 1080, §8
Subsection 3, paragraph b amended
Subsection 5 stricken
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.