IDB Act definition

IDB Act means Chapter 53 of Title 7 of the Tennessee Code Annotated, as amended.
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IDB Act means Article 4, Chapter 54, Title 11 of the Code of Alabama of 1975, as amended.
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Examples of IDB Act in a sentence

  • The list of eligible Projects is included in Section 7-53-101(15) of the IDB Act.

  • However, in the absence of unusual or extenuating circumstances acceptable to the Board and the City, Projects that are substantially residential or are multifamily housing facilities under Section 7-53-101(15)(x) of the IDB Act will not qualify as an eligible Project for purposes of an Economic Impact Plan.

  • Such approval, if provided, shall be undertaken by resolution of the applicable governing body in accordance with the IDB Act and TIF Uniformity Act.

  • Notice of the public hearing shall be published in a newspaper of general circulation in Hamilton County at least two weeks prior to the date of the public hearing, as required by Section 7-53-312(g) of the IDB Act.

  • The Committee will advise the Board whether the Application and the proposed Economic Impact Plan comply with the IDB Act and these Policies, and is, therefore, qualified to be considered for submission to City Council and/or County Commission for approval.

  • In 2004, the Tennessee General Assembly amended the IDB Act to vest industrial development corporations with the authority to utilize tax increment incentives to assist with the financing or payment of costs associated with certain eligible projects.

  • After such public hearing, if the Board determines that the economic impact plan substantially complies with the IDB Act and these Policies and Procedures, it will submit the economic impact plan to the County Commission and, if applicable, the governing body of the City for consideration and approval.

  • The Board, in its discretion, shall determine whether to make calculations of tax increment revenues on the basis of each parcel within the Plan Area or on an aggregate basis as permitted by the IDB Act and the Uniformity Act and shall make such determination prior to the closing of the tax increment incentive.

  • For purposes of the IDB Act, the term "project" includes the types of facilities that are typical economic development projects, such as manufacturing and warehousing facilities.

  • The Tennessee General Assembly has also enacted Section 7-53-316 of the IDB Act, which authorizes the use of certain incremental sales tax revenues to supplement Tax Increment Revenues in connection with the development of certain brownfield sites.

Related to IDB Act

  • GLB Act is defined in Section 9.2 hereof.

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • POPI Act means the Protection of Personal Information Act 4 of 2013 as may be amended from time to time;

  • 2012 Act means the Health and Social Care Act 2012;

  • the 1991 Act means the Water Industry Act 1991(a);

  • 1990 Act means the Town and Country Planning Act 1990 (as amended);

  • the 1998 Act means the Social Security Act 1998;

  • the 1992 Act means the Local Government Finance Act 1992;

  • Society Act means the Society Act of the Province of British Columbia from time to time in force and all amendments to it;

  • the 1988 Act means the Local Government Finance Act 1988.

  • S.A.F.E. Act means the secure and fair enforcement for mortgage licensing act of 2008, Title V of the housing and economic recovery act of 2008 ("HERA"), P.L. 110-289, effective July 30, 2008.

  • IT Act means the (Indian) Income-tax Act, 1961, as may be amended or supplemented from time to time together (including any successor provisions or re- enactments thereof) with all applicable bye-laws, rules, regulations, circulars, guidelines, notifications, orders, ordinances, policies, directions and the like issued thereunder, as may be amended or modified from time to time.

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • the 1974 Act means the Health and Safety at Work etc. Act 1974;

  • the 1972 Act means the Local Government Act 1972.

  • the 2002 Act means the Nationality, Immigration and Asylum Act 2002;

  • EP Act means the Environmental Protection Xxx 0000;

  • the 1989 Act means the Local Government and Housing Act 1989;