§ 42-64.22-8. Reimbursement.
The aggregate value of all reimbursements approved by the commerce corporation pursuant to this chapter during the eligibility period shall not exceed the lesser of ten (10%) percent of the qualifying and/or hope communities’ forgone tax revenue or annual appropriations received by the commerce corporation for the program.
History of Section.P.L. 2015, ch. 141, art. 19, § 5.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-64.22 - Tax Stabilization Incentive
Section 42-64.22-1. - Findings and declarations.
Section 42-64.22-2. - Definitions.
Section 42-64.22-3. - Establishment of program.
Section 42-64.22-4. - Incentives for municipalities.
Section 42-64.22-5. - Eligibility requirements for qualifying communities.
Section 42-64.22-6. - Eligibility requirements for hope communities.
Section 42-64.22-7. - Alternative eligibility requirements.
Section 42-64.22-8. - Reimbursement.
Section 42-64.22-9. - Applicability.
Section 42-64.22-10. - Approval.
Section 42-64.22-11. - Restrictions.
Section 42-64.22-12. - Implementation guidelines, directives, criteria, rules, regulations.
Section 42-64.22-13. - Program integrity.