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.