1-16G-57. Reinvestment payment procedure.
125 words·~1 min read·
/sd/title-1/chapter-1-16/1-16g-57·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the projects costs for a new or expanded facility exceeds twenty million dollars or the projects costs for equipment upgrades exceeds two million dollars, a person may apply for a reinvestment payment pursuant to §§ 1-16G-56 to 1-16G-68 , inclusive. The person shall:
(1)Timely file an application as required by § 1-16G-58 ;
(2)Receive a permit from GOED pursuant to § 1-16G-60 ;
(3)Timely file the affidavit of reinvestment payment as required by § 1-16G-61 ; and
(4)Comply with the provisions of §§ 1-16G-56 to 1-16G-68 , inclusive, to qualify for the reinvestment payment.
A project with a construction date on or after April 1, 2013, may receive a reinvestment payment as provided by §§ 1-16G-56 to 1-16G-68 , inclusive.