265—41.10(16) Compliance with applicable federal and state laws and regulations.

1. 41.10(1)  Review of financial statements. Recipients shall obtain from an independent certified public accountant an annual audit report or an annual independent review of recipients’ financial statements.

2. 41.10(2)  Conflict of interest. No person, including any employee, agent, consultant, officer, or elected or appointed official of a recipient, exercising any functions or responsibilities with respect to activities assisted under the SAF program or in a position to participate in a decision-making process or gain inside information with regard to activities assisted under the SAF program shall:

   1. a. Obtain a financial interest or benefit from an assisted activity;
   2. b. Have a financial interest in any contract, subcontract, or agreement with respect to an assisted activity; or

   3. c. Have a financial interest in the proceeds derived from an assisted activity, either for the person or for those with whom the person has immediate family or business ties.

      This subrule shall apply during a person’s tenure and for a one-year period thereafter.

Recipients shall comply with all applicable federal, state, and local laws with respect to activities performed under this SAF program, including the Iowa Civil Rights Act as set forth in Iowa Code chapter 216. Recipients shall also comply with the following additional requirements.

[ARC 9407C, IAB 7/9/25, effective 8/13/25]