351—8.12(68B) Loans made by lobbyists.
- 8.12(1) Prohibition. An executive branch official or employee or a candidate for statewide office will not directly or indirectly seek or accept a loan from a person who is an executive branch lobbyist.
- 8.12(2) Offer of loan prohibited. An executive branch lobbyist will not directly or indirectly offer or make a loan to an executive branch official, executive branch employee, or a candidate for statewide office.
- 8.12(3) Exception. This prohibition does not apply to loans made in the ordinary course of business. “Ordinary course of business” means the loan is made by a person who is regularly engaged in a business that makes loans to members of the general public and the finance charges and other terms of the loan are the same or substantially similar to the finance charges and loan terms that are available to members of the general public.
- 8.12(4) Complaints. Complaints or information provided to the board alleging a violation of Iowa Code section 68B.24 by an executive branch official or employee, candidate for statewide office, or an executive branch lobbyist will be filed with the board.
This rule is intended to implement Iowa Code section 68B.24.
[ARC 0239D, IAB 4/29/26, effective 6/3/26]