A business may not receive an annual disbursement of a grant if, at the time of disbursement,
the business has received a notice of an overdue tax debt and that overdue tax debt
has not been satisfied or otherwise resolved. A business may receive an annual disbursement of a grant only after the Committee
has certified that there are no outstanding overdue tax debts and that the business
has met the terms and conditions of the agreement. No amount shall be disbursed to a business as a grant under this Part in any year
until the Secretary of Revenue has certified to the Committee (i) that there are no
outstanding overdue tax debts of the business and (ii) the amount of withholdings
received in that year by the Department of Revenue from the business. A business that has met the terms of the agreement shall make an annual certification
of this to the Committee. The Committee shall require the business to provide any necessary evidence of compliance
to verify that the terms of the agreement have been met. The Committee shall certify the grant amount for which the business is eligible
under the agreement and the grant amount for which the business would be eligible
under the agreement without regard to G.S. 143B-437.56(d). The Department of Commerce shall remit a check to the business in the amount of
the certified grant amount within 90 days of receiving the certification of the Committee.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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