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.
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