13VAC5-112-520. Failure to qualify for state incentives.
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.
Statutory Authority
§ 59.1-541 of the Code of Virginia.
Historical Notes
Derived from Virginia Register Volume 23, Issue 12, eff. March 21, 2007; amended, Virginia Register Volume 26, Issue 1, eff. October 14, 2009.
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