265—8.2(7C) Definitions.

“Allocation” means the same as defined in Iowa Code section 7C.3.

“Application” means a request submitted for an allocation.

“Authority” means the Iowa finance authority created pursuant to Iowa Code section 16.1A.

“Beneficiary” means an entity that is intended to benefit from issuance of a bond by an issuer.

“Governor’s designee” means the same as defined in Iowa Code section 7C.3.

“Issuer” means a political subdivision that proposes to issue bonds for a particular project or purpose for which an allocation of the state ceiling is required and has not already been made under Iowa Code section 7C.4A(1) through 7C.4A(5).

“Political subdivision” means the same as defined in Iowa Code section 7C.3.

“Private activity bonds” means the same as defined in Section 141 of the Internal Revenue Code.

“State ceiling” means the same as defined in Iowa Code section 7C.3.

[ARC 9820C, IAB 12/10/25, effective 1/14/26]