1-16G-57. Reinvestment payment procedure.
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.
Source: SL 2013, ch 7, §25, eff. Mar. 20, 2013.