H1030 - 2016 Appropriations Act. (SL 2016-94)

Overview: Sec. 15.7 of S.L. 2016-94 modifies the general rule for Job Development Investment Grant projects that are located in multiple tiers, by providing that instead of using the standards applicable to the highest tier, the standards applicable to the lowest tier apply for purposes of the Industrial Development Fund Utility Account award percentage, if: (i) at least one location of the project is in a tier 1 or 2 area; (ii) at least one location of the project is in a tier 3 area; and (iii) at least 66% of the total jobs or benefits of the project go to the location in the lowest tier area.

This section becomes effective January 1, 2017, and applies to awards made on or after that date.