As used in this subchapter, unless the context otherwise requires:
- 1. “Advisor” means a member of the association’s advisory committee.
- 2. “Association” means a sweat equity housing cooperative association created pursuant to this subchapter.
- 3. “Authority” means a local housing authority created pursuant to section 499A.102.
- 4. “Low income” means the income of “very low income families” as defined in section 16.1.
- 5. “Partner” means a low-income sweat equity member of the association, and member of the sweat equity partners’ committee.
- 6. “Sweat equity” means any contribution made by a partner to the operations of the association, including but not limited to physical labor.
90 Acts, ch 1120, §1