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84a-1c
84A.1C WORKFORCE DEVELOPMENT CORPORATION.
1. Nonprofit corporation for receiving and disbursing funds.
The Iowa workforce development board may organize a corporation under
the provisions of chapter 504 for the purpose of receiving and
disbursing funds from public or private sources to be used to further
workforce development in this state and to accomplish the mission of
the board.
2. Incorporators. The incorporators of the corporation
organized pursuant to this section shall be the chairperson of the
Iowa workforce development board, the director of the department of
workforce development, and a member of the Iowa workforce development
board selected by the chairperson.
3. Board of directors. The board of directors of the
corporation organized pursuant to this section shall be the members
of the Iowa workforce development board or their successors in
office.
4. Accepting grants in aid. The corporation organized
pursuant to this section may accept grants of money or property from
the federal government or any other source and may upon its own order
use its money, property, or other resources for any of the purposes
identified in section 84A.1B. Section History: Recent Form
99 Acts, ch 21, §1; 2004 Acts, ch 1049, §191; 2004 Acts, ch 1175,
§393
