Iowa Code 16.7 – Annual report
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1. The authority shall submit to the governor and to the general assembly, not later than January 15 each year, an annual report.
Terms Used In Iowa Code 16.7
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Authority: means the Iowa finance authority created in 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
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- 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
- Housing: means single family and multifamily dwellings, and facilities incidental or appurtenant to the dwellings, and includes group homes of fifteen beds or less licensed as health care facilities or child foster care facilities and modular or mobile homes which are permanently affixed to a foundation and are assessed as realty. See Iowa Code 16.1
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- 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
- year: means twelve consecutive months. See Iowa Code 4.1
2. The annual report shall contain at least three parts which include all of the following:
a. A general description of the authority setting forth:
(1) Operations and accomplishments.
(2) Receipts and expenditures during the fiscal year, in accordance with the classifications the authority establishes for its operating and capital accounts.
(3) Assets and liabilities at the end of the fiscal year and the status of reserve, special, and other funds.
(4) A schedule of bonds and notes outstanding at the end of the fiscal year, together with a statement of the amounts redeemed and issued during the fiscal year.
(5) A statement of proposed and projected activities.
(6) Recommendations to the general assembly, as the authority deems necessary.
(7) Performance goals of the authority, clearly indicating the extent of progress during the reporting period in attaining the goals.
b. A summary of housing programs administered under this chapter. The summary shall include an analysis of current housing needs in this state. Where possible, results shall be expressed in terms of housing units.
c. A summary of agricultural development programs administered under subchapter VIII. Where possible, findings and results shall be expressed in terms of number of loans, tax credits, participating qualified beginning farmers, and acres of agricultural land, by county.