Requiring that contractors and subcontractors performing work on housing programs administered by the Iowa finance authority comply with applicable federal and state laws relating to labor and employment, and providing penalties

This bill requires that any contractor or subcontractor performing work pursuant to a housing program administered by the Iowa finance authority comply with all applicable federal and state laws relating to labor and employment. The bill authorizes the authority to withhold or rescind funding provided pursuant to a housing program from any entity that does not comply with the bill. The bill directs the authority to require, as a condition of participation in a housing program by a county, city, or other political subdivision, or a private or nonprofit entity, that the political subdivision or entity ensure compliance with the bill by any contractor or subcontractor retained by the political subdivision or entity to perform work pursuant to the housing program. The bill authorizes the authority to establish by rule any fees necessary to cover the cost of ensuring compliance with the bill for a housing program. The bill requires the authority to reimburse a political subdivision for any documented costs associated with compliance with the bill.