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| 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. |
| Stage ID | Stage Type | Status |
|---|---|---|
| 4341 | Final | Stage complete. This regulation became effective on 01/23/2008. |
| 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 |