13 Va. Admin. Code § 5-112-380
Current through Register Vol. 40, No. 22, June 17, 2024
Section 13VAC5-112-380 - Application submittal and processingA. In order to claim the grant an application must be submitted to the department on prescribed forms. Applicants shall provide other documents as prescribed by the department. B. Local zone administrators must verify that the location of the building or facility is in the enterprise zone in a manner prescribed by the department. C. The accuracy and validity of information provided in such applications, including that related to qualified real property investments are to be attested to by an independent certified public accountant licensed in Virginia through an agreed-upon procedures engagement conducted in accordance with current attestation standards established by the American Institute of Certified Public Accountants, using procedures provided by the department as assurance that the firm has met the criteria for qualification prescribed in this section. D. In order to request real property investment grants, zone investors shall submit the application form, final attestation report, and all required documentation to the department by no later than April 1 of the calendar year subsequent to the qualification year. E. If the April 1 due date falls on a weekend or holiday, applications are due the next business day. F. Applications submitted by April 1 without the required attestation report shall be considered late applications and processed according to subsection H of this section. G. The department shall notify zone investors in writing of any incomplete or missing required documentation or request written clarification from the business firms on information provided by no later than May 15. Zone investors must respond to any unresolved issues by no later than June 1. If the department does not meet its May 15 date for notification, then businesses must respond to any unresolved issues within 10 calendar days of the actual notification. H. Any applications with the required final attestation report and required documentation submitted after the April 1 due date but before May 15 of the calendar year subsequent to the qualification year will be held until the department determines that funds remain and it will not have to prorate grant awards. At such time, the department will review and process such applications and any applications pursuant to subsection F of this section on a first-come first served basis. I. The department shall award real property investment grants and notify all applicants by June 30 as to the amount of the grant they shall receive. J. Applications must be received by the department, as specified by the department, no later than the date specified in this section. K. Applicants may only apply for grants that they are otherwise eligible to claim for such calendar year, subject to the limitations provided by 13VAC5-112-400.13 Va. Admin. Code § 5-112-380
Derived from Virginia Register Volume 23, Issue 12, eff. March 21, 2007; Amended, Virginia Register Volume 37, Issue 13, eff. 4/1/2021.Statutory Authority: § 59.1-541 of the Code of Virginia.