265—26.2(16) Definitions.

“Authority” or “IFA” means the Iowa finance authority created in Iowa Code section 16.1A.

“Clean Water Act” means the same as defined in Iowa Code section 16.131A.

“Department” or “DNR” means the Iowa department of natural resources.

“Director” means the director of the authority.

“Disadvantaged community” means a community that qualifies for more favorable loan terms, including but not limited to loan forgiveness, based on criteria established in the IUP.

“Eligible costs” means all costs related to the completion of a project as defined in the Clean Water Act and Safe Drinking Water Act and 567—Chapters 40 and 90.

“EPA” means the United States Environmental Protection Agency.

“Intended use plan” or “IUP” means a plan developed by DNR identifying the intended uses of funds available through the program.

“Linked deposit” means funds deposited by the authority to induce a participating lending institution to offer a loan at a lower interest rate for a project type identified in subrule 26.6(7).

“Net revenues” means the same as defined in Iowa Code section 384.80.

“Nonpoint source project” means any project described in Section 319 of the Clean Water Act.

“Participating lending institution” means a lending institution approved by the authority to make loans for a project type identified in subrule 26.6(7).

“Program” means the same as defined in Iowa Code section 16.131A.

“Recipient” means the entity receiving funds from the program.

“Safe Drinking Water Act” means the same as defined in Iowa Code section 16.131A.

[ARC 9821C, IAB 12/10/25, effective 1/14/26]