Can you use excess revenue received for a previously certified and paid debt to pay down internal loan principal rather than returning the money to the treasurer?

Yes, as long as it is in the same UR area, and you use Form 3 to reduce the amount of future TIF revenues being received to pay the internal loan.

Program Area
Local Government
Topic(s)
Tax Increment Financing, TIF

Printed from the Iowa Department of Management website on January 17, 2018 at 5:28am.