Section 261.20.15. Determination of job credits, notice, and certification.

       20.15(1) Determination of job credit amounts. If a program provides that part of the program costs are to be met by receipt of program job credits, the method to be used shall be as follows:

        a.           Program job credits shall be based upon the program job positions identified and agreed to in the agreement. No costs incurred prior to the date of a program agreement between a college and an employer may be reimbursed or eligible for program job credits.

        b.           Eligibility for program job credits shall be based on certification of program job positions and program job wages by the employer at the time established in the agreement.

        c.           An amount up to 10 percent of the gross program job wages as certified by the employer in the agreement shall be credited from the total payment made by an employer pursuant to Iowa Code section 422.16.

        d.           The employer shall remit the amount of the credit quarterly, in the same manner as withholding payments are reported to the department of revenue, to the community college to be allocated to and, when collected, paid into a special fund of the community college to pay, in part, the program costs.

        e.           When the program costs have been paid, the employer credits shall cease and any moneys received after the program costs have been paid shall be remitted to the treasurer of state to be deposited in the general fund of the state.

       20.15(2) Notice to revenue department. The employer shall certify to the department of revenue that the program job credit is in accordance with the agreement and shall provide other information the department may require.

       20.15(3) Certification of amount of job credits. A community college shall certify to the department of revenue that the amount of the program job credits is in accordance with an agreement and shall provide other information the department may require.