260G.6 - FUND ESTABLISHED -- ALLOCATION OF MONEYS.
260G.6 FUND ESTABLISHED -- ALLOCATION OF MONEYS.
1. An accelerated career education fund is established in the
state treasury under the control of the department of economic
development consisting of moneys appropriated to the department for
purposes of funding the cost of accelerated career education program
capital projects.
2. Projects funded pursuant to this section shall be for vertical
infrastructure as defined in section 8.57, subsection 6, paragraph
"c".
3. If moneys are appropriated by the general assembly to support
program capital costs, the moneys shall be allocated according to
rules adopted by the department of economic development pursuant to
chapter 17A.
4. In order to receive moneys pursuant to this section, a program
agreement approved by the community college board of directors shall
be in place, program capital cost requests shall be approved by the
Iowa economic development board created in section 15.103, program
capital cost requests shall be approved or denied not later than
sixty days following receipt of the request by the department of
economic development, and employer contributions toward program
capital costs shall be certified and agreed to in the agreement. Section History: Recent Form
99 Acts, ch 179, §9, 12; 2000 Acts, ch 1154, §19; 2009 Acts, ch
123, §7