35-905. Restrictions on confirmations
A. Before April 1 of each year, seventy per cent of the allocation to manufacturing
projects described in section 35-902, subsection F is reserved for manufacturing projects
located in nonurban areas, and the remaining thirty per cent of the allocation to
manufacturing projects described in section 35-902, subsection F shall be reserved for
urban areas. Before July 1 of each year, seventy per cent of the allocation available for
confirmation pursuant to the director's discretion as described in section 35-902,
subsection B is reserved for projects located in nonurban areas, and the remaining thirty
per cent of the allocation to the director's discretion as described in section 35-902,
subsection B, shall be reserved for urban areas.
B. Before December 17, a confirmation shall not be allocated to a project in an
amount greater than thirty-five million dollars, except that this subsection does not
apply to any project that is eligible to receive an allocation pursuant to section
35-902, subsection B, C or E. For the purposes of this subsection, the amount of
allocation to a project shall also include any other state ceiling allocation received by
any related person to the project. For the purposes of this subsection, "related person"
has the same meaning as provided in section 147(a)(2) of the code, except that all
references to fifty per cent shall be changed to twenty-five per cent.
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