Action:
Enterprise Zone Grant Program Regulation Update
Action 2491
General Information
| Action Summary |
For any qualified zone investor making less than $5 million in qualified real property investment, a real property investment grant shall be allowed in an amount equaling 20 percent of the amount of qualified real property investment not to exceed $125,000 within any five-year period for any building or facility. For any qualified zone investor making $5 million or more in qualified real property investments, a real property investment grant shall be allowed in an amount equaling 20 percent of the amount of qualified real property investment not to exceed $250,000 within any five-year period for any building or facility. |
| Chapters Affected |
Only affects this chapter.
|
| Executive Branch Review |
This Action is exempt from Article 2 of the Administrative Process Act.
The normal executive branch review process is not required. As such, it can be submitted directly for publication and
is effective upon publication.
Exempt Citation:
Section 2.2-4006 4(a) of the Code of Virginia
|
| RIS Project |
Yes [000890] |
| New Periodic Review |
This action will not be used to conduct a new periodic review.
|
Stages
Stages associated with this regulatory action.
| Stage ID |
Stage Type |
Status |
|
4341
|
Final
|
Stage complete. This regulation became effective on 01/23/2008. |
Contact Information
|
Name / Title:
|
Chase Sawyer
/
Policy & Legislative Services Manager
|
|
Address:
|
Main Street Centre
600 East Main Street, Suite 300
Richmond, VA 23219
|
|
Email Address:
|
Chase.Sawyer@dhcd.virginia.gov
|
|
Phone:
|
(804)310-5872
FAX: (804)371-7090
TDD: (804)371-7089
|
This person is the primary contact for this agency.
