2014 Iowa Code
TITLE XII - BUSINESS ENTITIES
SUBTITLE 3 - ASSOCIATIONS
CHAPTER 499A - MULTIPLE HOUSING
SECTION 499A.101 - Definitions.
499A.101 Definitions.
As used in this subchapter, unless the context otherwise requires:
1. “Advisor” means a member of the association’s advisory committee.
2. “Association” means a sweat equity housing cooperative association created pursuant to this subchapter.
3. “Authority” means a local housing authority created pursuant to section 499A.102.
4. “Low income” means the income of “very low income families” as defined in section 16.1.
5. “Partner” means a low-income sweat equity member of the association, and member of the sweat equity partners’ committee.
6. “Sweat equity” means any contribution made by a partner to the operations of the association, including but not limited to physical labor.
90 Acts, ch 1120, §1
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