Section 320. Qualification in zones whose designation period is ending

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Business firms located in a zone whose designation period is ending that have qualified by or before the zone expiration date may receive the balance of their five consecutive year incentive period provided they continue to qualify under 13VAC5-112-270 and 13VAC5-112-280. Firms may initiate a five-year grant period based on grant-eligible positions created up to the date of the zone expiration date notwithstanding 13VAC5-112-290. Business firms may not begin additional five-year grant period after the zone expiration date.

Historical Notes

Derived from Volume 23, Issue 12, eff. March 21, 2007.

Statutory Authority

§ 59.1-541 of the Code of Virginia.

                    
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