Section 520. Failure to qualify for state incentives

Latest version.

If no business firms, large zone residents or zone investors have qualified for incentives as provided for in the Enterprise Zone Grant Act within any five-year period, the department shall terminate that enterprise zone designation.

Historical Notes

Derived from Volume 23, Issue 12, eff. March 21, 2007; amended, Virginia Register Volume 26, Issue 01, eff. October 14, 2009.

Statutory Authority

§ 59.1-541 of the Code of Virginia.

                    
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