15A.8 Loans payable from new jobs credit from withholding.
1. As an additional means to provide moneys for the payment of the costs of a new jobs training project or multiple projects under chapter 260E and this chapter, a community college may make an advance or loan, including an interfund transfer or a loan from moneys on hand and legally available, to be paid from the same sources and secured in the same manner as certificates described in sections 15A.7 and 260E.6.
2. Revenues from a job training agreement received prior to the completion by a business of its repayment obligation for a project and not pledged to certificates, loans, or advances, and not necessary for the payment of principal and interest maturing on such certificates, loans, or advances, may be applied by the community college to the reduction of any other outstanding certificates, loans, or advances.
98 Acts, ch 1225, §22
Referred to in §422.16A
Structure Iowa Code
Title I - STATE SOVEREIGNTY AND MANAGEMENT
Chapter 15A - USE OF PUBLIC FUNDS TO AID ECONOMIC DEVELOPMENT
Section 15A.2 - Conflicts of interest.
Section 15A.3 - Public economic development assistance — violations — criminal penalties.
Section 15A.4 - Competitive programs — good neighbor agreement — additional consideration.
Section 15A.6 - State assistance for federal project.
Section 15A.7 - Supplemental new jobs credit from withholding.
Section 15A.8 - Loans payable from new jobs credit from withholding.
Section 15A.9 - Quality jobs enterprise zone — state assistance.