Rule 110-24-1-.02 - Threshold Criteria for Boundaries and Designation(1) Boundaries of an Opportunity Zone must be wholly contained within Areas Displaying Pervasive Poverty, Underdevelopment, General Distress and Blight.(2) Boundaries of an Opportunity Zone shall generally follow the center line of streets and/or the boundaries of property tax parcels as described within 110-24-1-.03(5). (a) Property tax parcels that meet the designation criteria of 110-24-1-.02(1) and of 110-24-1-.02(3) except for being separated from an eligible block group by road, road right of way, rail, creek, river, or other easement may also be included within the boundaries of an Opportunity Zone.(b) In the event a property tax parcel crosses jurisdictional lines, then the parcel shall be includable in the proposed Opportunity Zone boundary of the jurisdiction requesting the designation as long as there is written notice given to all affected jurisdictions at least thirty (30) days prior to the application being submitted to DCA..(3) Boundaries of an Opportunity Zone must also be wholly contained within either the boundaries of a state enterprise zone designated pursuant to Chapter 88 of Title 36 of the Georgia Code or within the boundaries of a redevelopment area that has been adopted pursuant to Chapter 61 of Title 36 of the Georgia Code or may include all or part of both an enterprise zone and a redevelopment area.(4) Boundaries of an Opportunity Zone must also be wholly contained within areas that, in the opinion of the commissioner of community affairs and as supported through appropriate documentation as described within 110-24-1-.03 herein, display Pervasive Poverty, Underdevelopment, General Distress, and Blight. Such designation shall not include areas deemed to be environmentally sensitive or unfit for development.Ga. Comp. R. & Regs. R. 110-24-1-.02
O.C.G.A. §§ 48-7-40.1, 50-8-5(b)(2), 50-8-11.
Original Rule entitled "Criteria for Designation" adopted. F. Oct. 4, 2004; eff. Oct. 24, 2004.Amended: F. Sept. 16, 2008; eff. Oct. 6, 2008.Repealed: New Rule entitled "Threshold Criteria for Boundaries and Designation" adopted. F. May 7, 2010; eff. May 27, 2010.Amended: F. Feb. 28, 2017; eff. Feb. 8, 2017, as specified by the Agency.