Iowa Code 16.1A – Creation — administration of programs
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1. The Iowa finance authority is created, and constitutes a public instrumentality and agency of the state exercising public and essential governmental functions.
Terms Used In Iowa Code 16.1A
- Authority: means the Iowa finance authority created in section 16. See Iowa Code 16.1
- Board: means the Iowa finance authority board of directors created pursuant to section 16. See Iowa Code 16.1
- Division: means the Iowa title guaranty division in the authority, the director of the division, or a designee of the director. See Iowa Code 16.92
- Executive director: means the executive director of the Iowa finance authority as appointed pursuant to section 16. See Iowa Code 16.1
- findings: means the findings established by the general assembly with respect to the authority as provided in this chapter. See Iowa Code 16.1
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Goals: means legislative goals and policies as articulated in this chapter. See Iowa Code 16.1
- Powers: means all of the general and specific powers of the authority as provided in this chapter which shall be broadly and liberally interpreted to authorize the authority to act in accordance with the goals of the authority and in a manner consistent with the legislative findings and guiding principles. See Iowa Code 16.1
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
- title guaranty: means a guaranty against loss or damage caused by a defective title to real property. See Iowa Code 16.90
2. The authority shall undertake and administer all of the following:
a. Programs established under this chapter.
b. Programs established by the authority which the authority finds useful and convenient to further goals of the authority and which are consistent with the legislative findings. Such programs shall be administered in accordance with subchapter III. Such additional programs shall be administered in accordance with rules, if any, which the authority determines useful and convenient to adopt pursuant to chapter 17A.
3. The Iowa finance authority board of directors shall have general control, supervision, and regulation of all programs described in this section.
4. The authority is charged with the broad administrative authority to make, administer, interpret, construe, repeal, and execute the rules, and to administer, interpret, construe, and execute the laws of this state relating to such programs.
5. The board may, by resolution, delegate to the agricultural development board, title guaranty division board, executive director, or other authority employee such of its powers, under such terms and conditions, as it deems appropriate.