1-16G-63. Time and manner of reinvestment payment.
79 words·~1 min read·
/sd/title-1/chapter-1-16/1-16g-63·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
After the timely receipt of a completed affidavit for reinvestment payment, within ninety days GOED shall make payment from the reinvestment fund to the project owner based upon the amount and terms approved by the board as a reinvestment payment. If GOED requests additional documents or information from the project owner, the ninety day period begins to run from the date of receipt of the additional documents or information. GOED shall tender the reinvestment payment by electronic funds transfer.