South Dakota § 1-16G-57 Reinvestment payment procedure.

South Dakota Statutes

§ 1-16G-57 — Reinvestment payment procedure.

South Dakota·Title 1 STATE AFFAIRS AND GOVERNMENT·Ch. 1-16F ECONOMIC DEVELOPMENT

If the projects costs for a new or expanded facility exceeds twenty million dollars or the projects costs for equipment upgrades exceeds two million dollars, a person may apply for a reinvestment payment pursuant to §§ 1-16G-56 to 1-16G-68 , inclusive. The person shall:

(1)Timely file an application as required by § 1-16G-58 ;

(2)Receive a permit from GOED pursuant to § 1-16G-60 ;

(3)Timely file the affidavit of reinvestment payment as required by § 1-16G-61 ; and (4) Comply with the provisions of §§ 1-16G-56 to 1-16G-68 , inclusive, to qualify for the reinvestment payment. A project with a construction date on or after April 1, 2013, may receive a reinvestment payment as provided by §§ 1-16G-56 to 1-16G-68 , inclusive.

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If the projects costs for a new or expanded facility exceeds twenty million dollars or the projects costs for equipment upgrades exceeds two million dollars, a person may apply for a reinvestment payment pursuant to §§ 1-16G-56 to 1-16G-68 , inclusive. The person shall: (1) Timely file an application as required by § 1-16G-58 ; (2) Receive a permit from GOED pursuant to § 1-16G-60 ; (3) Timely file the affidavit of reinvestment payment as required by § 1-16G-61 ; and (4) Comply with the provisions of §§ 1-16G-56 to 1-16G-68 , inclusive, to qualify for the reinvestment payment. A project with a construction date on or after April 1, 2013, may receive a reinvestment payment as provided by §§ 1-16G-56 to 1-16G-68 , inclusive.

South Dakota § 1-16G-57 (Reinvestment payment procedure.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.