{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-2240.3.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-2240.3.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-2240.3.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-2240.3.html"}],"law_id":70905,"edition_id":1,"section_id":70905,"structure_id":14474,"section_number":"2.2-2240.3","catch_line":"Definitions; Virginia Jobs Investment Program and Fund; composition; general qualifications","history":"2014, cc. 41, 464; 2021, Sp. Sess. I, c. 16.","full_text":"A\n\nAs used in this section and §§ 2.2-2240.4, 2.2-2240.5, and 2.2-2240.6, unless the context requires a different meaning:\n\t\t\t“Capital investment” means an investment in real property, personal property, or both, at a manufacturing or basic nonmanufacturing facility within the Commonwealth that is or may be capitalized by the company and that establishes or increases the productivity of the manufacturing facility, results in the utilization of a more advanced technology than is in use immediately prior to such investment, or both.\n\t\t\t“Full-time employee” means a natural person employed for indefinite duration in a position requiring a minimum of either (i) 35 hours of the employee’s time per week for the entire normal year, which “normal year” shall consist of at least 48 weeks, or (ii) 1,680 hours per year. Seasonal or temporary employees shall not qualify as new full-time employees under the Program.\n\t\t\t“Fund” means the Virginia Jobs Investment Program Fund created in this section.\n\t\t\t“Program” means the Virginia Jobs Investment Program created in this section.B\n\nThere is hereby created the Virginia Jobs Investment Program to support private sector job creation by encouraging the expansion of existing Virginia businesses and the start-up of new business operations in Virginia. The Program shall support existing businesses and economic development prospects by offering funding to offset recruiting and training and retraining costs incurred by companies that are either creating new jobs or implementing technological upgrades and by providing assistance with workforce-related challenges and organizational development workshops.C\n\nThe Program shall consist of the following component programs:1\n\nThe Virginia New Jobs Program;2\n\nThe Workforce Retraining Program; and3\n\nThe Small Business New Jobs and Retraining Programs.D\n\nTo be eligible for assistance under any of the component programs of the Program, a company shall:1\n\nCreate or sustain employment for the Commonwealth in a basic sector industry or function, which would include businesses or functions that directly or indirectly derive more than 50 percent of their revenues from out-of-state sources, as determined by the Authority;2\n\nPay a minimum entry-level wage rate per hour of at least 1.2 times the federal minimum wage or the Virginia minimum wage, as required by the Virginia Minimum Wage Act (§ 40.1-28.8 et seq.), whichever is higher. In areas that have an unemployment rate of one and one-half times the statewide average unemployment rate, the wage rate minimum may be waived by the Authority. Only full-time positions that qualify for benefits shall be eligible for assistance;3\n\nMeet such additional criteria as may be set forth by the Authority.E\n\nThere is hereby established in the state treasury a special nonreverting fund to be known as the Virginia Jobs Investment Program Fund (the Fund). The Fund shall consist of any moneys appropriated thereto by the General Assembly from time to time and designated for the Fund. Any moneys deposited to or remaining in the Fund during or at the end of each fiscal year or biennium, including interest thereon, shall not revert to the general fund but shall remain in the Fund and be available for allocation under this article in ensuing fiscal years. Moneys in the Fund shall be used solely for grants to eligible businesses as permitted by the Program. The total amount of funds provided to eligible businesses under the Program for any year, shall not exceed the amount appropriated by the General Assembly to the Fund for such year, plus any carryover from previous years. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller upon written request signed by the President and Chief Executive Officer or his designee. The Fund shall be administered by the President and Chief Executive Officer.","order_by":null,"text":{"0":{"id":255691,"text":"As used in this section and §§ 2.2-2240.4, 2.2-2240.5, and 2.2-2240.6, unless the context requires a different meaning:\n\t\t\t“Capital investment” means an investment in real property, personal property, or both, at a manufacturing or basic nonmanufacturing facility within the Commonwealth that is or may be capitalized by the company and that establishes or increases the productivity of the manufacturing facility, results in the utilization of a more advanced technology than is in use immediately prior to such investment, or both.\n\t\t\t“Full-time employee” means a natural person employed for indefinite duration in a position requiring a minimum of either (i) 35 hours of the employee’s time per week for the entire normal year, which “normal year” shall consist of at least 48 weeks, or (ii) 1,680 hours per year. Seasonal or temporary employees shall not qualify as new full-time employees under the Program.\n\t\t\t“Fund” means the Virginia Jobs Investment Program Fund created in this section.\n\t\t\t“Program” means the Virginia Jobs Investment Program created in this section.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":255692,"text":"There is hereby created the Virginia Jobs Investment Program to support private sector job creation by encouraging the expansion of existing Virginia businesses and the start-up of new business operations in Virginia. The Program shall support existing businesses and economic development prospects by offering funding to offset recruiting and training and retraining costs incurred by companies that are either creating new jobs or implementing technological upgrades and by providing assistance with workforce-related challenges and organizational development workshops.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":255693,"text":"The Program shall consist of the following component programs:","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"C1"},"3":{"id":255694,"text":"The Virginia New Jobs Program;","type":"section","prefixes":["C","1"],"prefix":"1","entire_prefix":"C1","prefix_anchor":"C1","level":2,"prior_prefix":"C","next_prefix":"C2"},"4":{"id":255695,"text":"The Workforce Retraining Program; and","type":"section","prefixes":["C","2"],"prefix":"2","entire_prefix":"C2","prefix_anchor":"C2","level":2,"prior_prefix":"C1","next_prefix":"C3"},"5":{"id":255696,"text":"The Small Business New Jobs and Retraining Programs.","type":"section","prefixes":["C","3"],"prefix":"3","entire_prefix":"C3","prefix_anchor":"C3","level":2,"prior_prefix":"C2","next_prefix":"D"},"6":{"id":255697,"text":"To be eligible for assistance under any of the component programs of the Program, a company shall:","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C3","next_prefix":"D1"},"7":{"id":255698,"text":"Create or sustain employment for the Commonwealth in a basic sector industry or function, which would include businesses or functions that directly or indirectly derive more than 50 percent of their revenues from out-of-state sources, as determined by the Authority;","type":"section","prefixes":["D","1"],"prefix":"1","entire_prefix":"D1","prefix_anchor":"D1","level":2,"prior_prefix":"D","next_prefix":"D2"},"8":{"id":255699,"text":"Pay a minimum entry-level wage rate per hour of at least 1.2 times the federal minimum wage or the Virginia minimum wage, as required by the Virginia Minimum Wage Act (§ 40.1-28.8 et seq.), whichever is higher. In areas that have an unemployment rate of one and one-half times the statewide average unemployment rate, the wage rate minimum may be waived by the Authority. Only full-time positions that qualify for benefits shall be eligible for assistance;","type":"section","prefixes":["D","2"],"prefix":"2","entire_prefix":"D2","prefix_anchor":"D2","level":2,"prior_prefix":"D1","next_prefix":"D3"},"9":{"id":255700,"text":"Meet such additional criteria as may be set forth by the Authority.","type":"section","prefixes":["D","3"],"prefix":"3","entire_prefix":"D3","prefix_anchor":"D3","level":2,"prior_prefix":"D2","next_prefix":"E"},"10":{"id":255701,"text":"There is hereby established in the state treasury a special nonreverting fund to be known as the Virginia Jobs Investment Program Fund (the Fund). The Fund shall consist of any moneys appropriated thereto by the General Assembly from time to time and designated for the Fund. Any moneys deposited to or remaining in the Fund during or at the end of each fiscal year or biennium, including interest thereon, shall not revert to the general fund but shall remain in the Fund and be available for allocation under this article in ensuing fiscal years. Moneys in the Fund shall be used solely for grants to eligible businesses as permitted by the Program. The total amount of funds provided to eligible businesses under the Program for any year, shall not exceed the amount appropriated by the General Assembly to the Fund for such year, plus any carryover from previous years. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller upon written request signed by the President and Chief Executive Officer or his designee. The Fund shall be administered by the President and Chief Executive Officer.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D3"}},"ancestry":[{"id":14474,"edition_id":1,"name":"Virginia Economic Development Partnership Authority","identifier":"4","label":"article","depth":5,"order_by":1,"parent_id":13344,"metadata":{},"date_created":"2026-06-26 03:48:15","date_modified":"2026-06-26 03:48:15","permalink":{"id":174259,"object_type":"structure","relational_id":14474,"identifier":"4","token":"2.2\/I\/D\/22\/4","url":"\/2.2\/I\/D\/22\/4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13344,"edition_id":1,"name":"Authorities","identifier":"22","label":"chapter","depth":4,"order_by":1,"parent_id":12785,"metadata":{},"date_created":"2026-06-26 03:44:41","date_modified":"2026-06-26 03:44:41","permalink":{"id":173945,"object_type":"structure","relational_id":13344,"identifier":"22","token":"2.2\/I\/D\/22","url":"\/2.2\/I\/D\/22\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12785,"edition_id":1,"name":"State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies","identifier":"D","label":"part","depth":3,"order_by":1,"parent_id":12784,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":173913,"object_type":"structure","relational_id":12785,"identifier":"D","token":"2.2\/I\/D","url":"\/2.2\/I\/D\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12784,"edition_id":1,"name":"Organization of State Government","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":171455,"object_type":"structure","relational_id":12784,"identifier":"I","token":"2.2\/I","url":"\/2.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12749,"edition_id":1,"name":"Administration of Government","identifier":"2.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":171453,"object_type":"structure","relational_id":12749,"identifier":"2.2","token":"2.2","url":"\/2.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":71466,"structure_id":14474,"section_number":"2.2-2234","catch_line":"Short title; 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marketing plan; operational plan; submission","url":"\/2.2-2237.1\/","token":"2.2\/I\/D\/22\/4\/2.2-2237.1","metadata":false},{"id":55858,"structure_id":14474,"section_number":"2.2-2237.2","catch_line":"Office of the Attorney General to provide instruction to Board","url":"\/2.2-2237.2\/","token":"2.2\/I\/D\/22\/4\/2.2-2237.2","metadata":false},{"id":57659,"structure_id":14474,"section_number":"2.2-2237.3","catch_line":"Division of Incentives","url":"\/2.2-2237.3\/","token":"2.2\/I\/D\/22\/4\/2.2-2237.3","metadata":false},{"id":80575,"structure_id":14474,"section_number":"2.2-2238","catch_line":"Economic development services","url":"\/2.2-2238\/","token":"2.2\/I\/D\/22\/4\/2.2-2238","metadata":false},{"id":59231,"structure_id":14474,"section_number":"2.2-2238.1","catch_line":"Repealed","url":"\/2.2-2238.1\/","token":"2.2\/I\/D\/22\/4\/2.2-2238.1","metadata":false},{"id":68142,"structure_id":14474,"section_number":"2.2-2239","catch_line":"Planning and research","url":"\/2.2-2239\/","token":"2.2\/I\/D\/22\/4\/2.2-2239","metadata":false},{"id":81200,"structure_id":14474,"section_number":"2.2-2239.1","catch_line":"Advisory Committee on Business Development and Marketing","url":"\/2.2-2239.1\/","token":"2.2\/I\/D\/22\/4\/2.2-2239.1","metadata":false},{"id":85170,"structure_id":14474,"section_number":"2.2-2239.2","catch_line":"Advisory Committee on International Trade","url":"\/2.2-2239.2\/","token":"2.2\/I\/D\/22\/4\/2.2-2239.2","metadata":false},{"id":73328,"structure_id":14474,"section_number":"2.2-2240","catch_line":"Nonstock corporation to assist economic development","url":"\/2.2-2240\/","token":"2.2\/I\/D\/22\/4\/2.2-2240","metadata":false},{"id":58846,"structure_id":14474,"section_number":"2.2-2240.1","catch_line":"Grants paid to the Authority to promote research, development, and commercialization of products","url":"\/2.2-2240.1\/","token":"2.2\/I\/D\/22\/4\/2.2-2240.1","metadata":false},{"id":84186,"structure_id":14474,"section_number":"2.2-2240.2","catch_line":"Repealed","url":"\/2.2-2240.2\/","token":"2.2\/I\/D\/22\/4\/2.2-2240.2","metadata":false},{"id":61025,"structure_id":14474,"section_number":"2.2-2240.2:1","catch_line":"Virginia Business Ready Sites Program Fund","url":"\/2.2-2240.2_1\/","token":"2.2\/I\/D\/22\/4\/2.2-2240.2_1","metadata":false},{"id":67862,"structure_id":14474,"section_number":"2.2-2240.2:2","catch_line":"(Expires June 30, 2028) Virginia Business Ready Expedited Permitting Program","url":"\/2.2-2240.2_2\/","token":"2.2\/I\/D\/22\/4\/2.2-2240.2_2","metadata":false},{"id":70905,"structure_id":14474,"section_number":"2.2-2240.3","catch_line":"Definitions; 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This law was first created in 2014. The record of its establishment is cataloged in chapters 41<\/a> and 464<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":82287,"section_number":"2.2-2237","catch_line":"Powers of Authority","order_by":null,"url":"\/2.2-2237\/"},{"id":60629,"section_number":"2.2-2240.4","catch_line":"Virginia New Jobs Program","order_by":null,"url":"\/2.2-2240.4\/"},{"id":76902,"section_number":"2.2-2240.5","catch_line":"Workforce Retraining Program","order_by":null,"url":"\/2.2-2240.5\/"},{"id":76617,"section_number":"2.2-2240.6","catch_line":"Small Business New Jobs and Retraining Programs","order_by":null,"url":"\/2.2-2240.6\/"}],"refers_to":[{"id":60629,"section_number":"2.2-2240.4","catch_line":"Virginia New Jobs Program","order_by":null,"url":"\/2.2-2240.4\/"},{"id":76902,"section_number":"2.2-2240.5","catch_line":"Workforce Retraining Program","order_by":null,"url":"\/2.2-2240.5\/"},{"id":76617,"section_number":"2.2-2240.6","catch_line":"Small Business New Jobs and Retraining Programs","order_by":null,"url":"\/2.2-2240.6\/"},{"id":74676,"section_number":"40.1-28.8","catch_line":"Short title","order_by":null,"url":"\/40.1-28.8\/"}],"permalink":{"id":174337,"object_type":"law","relational_id":70905,"identifier":"2.2-2240.3","token":"2.2\/I\/D\/22\/4\/2.2-2240.3","url":"\/2.2-2240.3\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-2240.3\/","token":"2.2\/I\/D\/22\/4\/2.2-2240.3","dublin_core":{"Title":"Definitions; Virginia Jobs Investment Program and Fund; composition; general qualifications","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2240.3","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> As used in this section and §§ 2.2-2240.4<\/a>, 2.2-2240.5<\/a>, and 2.2-2240.6<\/a>, unless the context requires a different meaning:\n\t\t\t“Capital investment<\/span>” means an investment in real property, personal property, or both, at a manufacturing or basic nonmanufacturing facility within the Commonwealth<\/span> that is or may be capitalized by the company and that establishes or increases the productivity of the manufacturing facility, results in the utilization of a more advanced technology than is in use immediately prior to such investment, or both.\n\t\t\t“Full-time employee<\/span>” means a natural person employed for indefinite duration in a position requiring a minimum of either (i) 35 hours of the employee’s time per week for the entire normal year<\/span>, which “normal year<\/span>” shall consist of at least 48 weeks, or (ii) 1,680 hours per year. Seasonal or temporary employees shall not qualify as new full-time employees<\/span> under the Program<\/span>.\n\t\t\t“Fund<\/span>” means the Virginia Jobs Investment Program<\/span> Fund<\/span> created in this section.\n\t\t\t“Program<\/span>” means the Virginia Jobs Investment Program<\/span> created in this section. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> There is hereby created the Virginia Jobs Investment Program<\/span> to support private sector job creation by encouraging the expansion of existing Virginia businesses and the start-up of new business operations in Virginia. The Program<\/span> shall support existing businesses and economic development prospects by offering funding to offset recruiting and training and retraining costs incurred by companies that are either creating new jobs or implementing technological upgrades and by providing assistance with workforce-related challenges and organizational development workshops. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The Program<\/span> shall consist of the following component programs<\/span>: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The Virginia New Jobs Program<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The Workforce Retraining Program<\/span>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> The Small Business New Jobs and Retraining Programs<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> To be eligible for assistance under any of the component programs<\/span> of the Program<\/span>, a company shall: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Create or sustain<\/span> employment for the Commonwealth<\/span> in a basic sector industry or function, which would include businesses or functions that directly or indirectly derive more than 50 percent of their revenues from out-of-state<\/span> sources, as determined by the Authority<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Pay a minimum entry-level wage rate per hour of at least 1.2 times the federal minimum wage or the Virginia minimum wage, as required by the Virginia Minimum Wage Act (§ 40.1-28.8<\/a> et seq.), whichever is higher. In areas that have an unemployment rate of one and one-half times the statewide average unemployment rate, the wage rate minimum may be waived by the Authority<\/span>. Only full-time positions that qualify for benefits shall be eligible for assistance; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Meet such additional criteria as may be set forth by the Authority<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> There is hereby established in the state<\/span> treasury a special nonreverting fund<\/span> to be known as the Virginia Jobs Investment Program<\/span> Fund<\/span> (the Fund<\/span>). The Fund<\/span> shall consist of any moneys appropriated thereto by the General Assembly from time to time and designated for the Fund<\/span>. Any moneys deposited to or remaining in the Fund<\/span> during or at the end of each fiscal year or biennium, including interest thereon, shall not revert to the general fund<\/span> but shall remain in the Fund<\/span> and be available for allocation under this article in ensuing fiscal years. Moneys in the Fund<\/span> shall be used solely for grants to eligible businesses as permitted by the Program<\/span>. The total amount of funds<\/span> provided to eligible businesses under the Program<\/span> for any year, shall not exceed the amount appropriated by the General Assembly to the Fund<\/span> for such year, plus any carryover from previous years. Expenditures and disbursements from the Fund<\/span> shall be made by the State<\/span> Treasurer on warrants issued by the Comptroller upon written request signed by the President and Chief Executive Officer or his designee. The Fund<\/span> shall be administered by the President and Chief Executive Officer. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS; VIRGINIA JOBS INVESTMENT PROGRAM AND FUND; COMPOSITION; GENERAL\nQUALIFICATIONS (\u00a7 2.2-2240.3)\n\nA. As used in this section and §§ 2.2-2240.4, 2.2-2240.5, and\n2.2-2240.6, unless the context requires a different meaning:\n\t\t\t“Capital investment” means an investment in real property,\npersonal property, or both, at a manufacturing or basic nonmanufacturing\nfacility within the Commonwealth that is or may be capitalized by the company\nand that establishes or increases the productivity of the manufacturing\nfacility, results in the utilization of a more advanced technology than is in\nuse immediately prior to such investment, or both.\n\t\t\t“Full-time employee” means a natural person employed for\nindefinite duration in a position requiring a minimum of either (i) 35 hours of\nthe employee’s time per week for the entire normal year, which\n“normal year” shall consist of at least 48 weeks, or (ii) 1,680\nhours per year. Seasonal or temporary employees shall not qualify as new\nfull-time employees under the Program.\n\t\t\t“Fund” means the Virginia Jobs Investment Program Fund created in\nthis section.\n\t\t\t“Program” means the Virginia Jobs Investment Program created in\nthis section.\n\nB. There is hereby created the Virginia Jobs Investment Program to support\nprivate sector job creation by encouraging the expansion of existing Virginia\nbusinesses and the start-up of new business operations in Virginia. The Program\nshall support existing businesses and economic development prospects by offering\nfunding to offset recruiting and training and retraining costs incurred by\ncompanies that are either creating new jobs or implementing technological\nupgrades and by providing assistance with workforce-related challenges and\norganizational development workshops.\n\nC. The Program shall consist of the following component programs:\n\n 1. The Virginia New Jobs Program;\n\n 2. The Workforce Retraining Program; and\n\n 3. The Small Business New Jobs and Retraining Programs.\n\nD. To be eligible for assistance under any of the component programs of the\nProgram, a company shall:\n\n 1. Create or sustain employment for the Commonwealth in a basic sector\n industry or function, which would include businesses or functions that\n directly or indirectly derive more than 50 percent of their revenues from\n out-of-state sources, as determined by the Authority;\n\n 2. Pay a minimum entry-level wage rate per hour of at least 1.2 times the\n federal minimum wage or the Virginia minimum wage, as required by the Virginia\n Minimum Wage Act (§ 40.1-28.8 et seq.), whichever is higher. In areas\n that have an unemployment rate of one and one-half times the statewide average\n unemployment rate, the wage rate minimum may be waived by the Authority. Only\n full-time positions that qualify for benefits shall be eligible for\n assistance;\n\n 3. Meet such additional criteria as may be set forth by the Authority.\n\nE. There is hereby established in the state treasury a special nonreverting fund\nto be known as the Virginia Jobs Investment Program Fund (the Fund). The Fund\nshall consist of any moneys appropriated thereto by the General Assembly from\ntime to time and designated for the Fund. Any moneys deposited to or remaining\nin the Fund during or at the end of each fiscal year or biennium, including\ninterest thereon, shall not revert to the general fund but shall remain in the\nFund and be available for allocation under this article in ensuing fiscal years.\nMoneys in the Fund shall be used solely for grants to eligible businesses as\npermitted by the Program. The total amount of funds provided to eligible\nbusinesses under the Program for any year, shall not exceed the amount\nappropriated by the General Assembly to the Fund for such year, plus any\ncarryover from previous years. Expenditures and disbursements from the Fund\nshall be made by the State Treasurer on warrants issued by the Comptroller upon\nwritten request signed by the President and Chief Executive Officer or his\ndesignee. The Fund shall be administered by the President and Chief Executive\nOfficer.\n\nHISTORY: 2014, cc. 41, 464; 2021, Sp. Sess. I, c. 16.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}