Examples of IDB Act in a sentence
The list of eligible Projects is included in Section 7-53-101(15) of the IDB 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.
On May 14, 2004, the Tennessee General Assembly amended the IDB Act to vest industrial development corporations like the Board with the authority to initiate and administer Tax Increment Incentives in areas that are approved by the Governmental Authorities.
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.
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.
If, in the future, there is a cessation of that operation, the Company may in its discretion resume that operation or accomplish an alternate use by the Company or others which will be consistent with the SIDA Act and the IDB Act.
As authorized by Chapter 53 of Title 7 of the Tennessee Code Annotated (the "IDB Act"), The Industrial Development Board of the County of McMinn (the "Board") is establishing a tax increment incentive program (the "Program") in order to promote economic development in the McMinn County (the "County") and the Cities of Athens and Etowah (the “City” or “Cities”).
The Company may cause changes or amendments to be made in such plans and specifications for the Project, provided no such change or amendment will alter the character of the Project to such an extent that it ceases to be a "project" under the SIDA Act or the IDB Act.
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.