Examples of MIDA Act in a sentence
Pursuant to §63H-l-502(l)(e) of the MIDA Act, the MIDA Board finds that all of the Infrastructure to be constructed in the Hideout Zone and within the boundaries of Hideout which are outside of the MRF Project Area, are of benefit to the MRF Project Area and this finding is adopted by the resolution approving this Agreement.
Pursuant to the MIDA Act, MIDA shall have the exclusive right to exercise all of MIDA’s statutory authority within the Hideout Zone subject only to those reservations and delegations of authority expressly set forth in this Agreement.
The company must submit information on investment performance and project implementation under the Industrial Coordination Act, 1975 (Act 156) and the MIDA Act, 1965 when required by MIDA.
These funds shall be split equally by MIDA and Hideout to benefit the MRF Project Area, as determined by each Party in its sole discretion, consistent with the MIDA Act.
Under the MIDA Act, MIDA may use the sales and use tax and the resort communities’ tax in either the Municipal Services Revenue Fund or the Development Fund.
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Following the Property Tax Allocation Period, the proceeds from such taxes may, if agreed by the MIDA Executive Director and Hideout Mayor, be included in the Municipal Services Revenue Fund, and failing such agreement, shall be used and / or allocated as provided in the MIDA Act.
Any terms not specifically defined herein but defined in the MIDA Act shall have the meanings set forth in the MIDA Act.
Hideout will identify the uses of the funds it controls as identified in Subsection (10)(d)(i) and submit them to MIDA each year, and MIDA shall include them within the MRF Project Area budget adopted each year pursuant to §63H-l-405 of the MIDA Act (“Development Fund Budget”).
MIDA shall take such actions as are necessary to formally adopt such rules, ordinances and regulations as the applicable regulations for the Hideout Zone to the extent required by the MIDA Act.